FRATER HUGH R 4

What Happened
Hugh R. Frater, a director of Hippo Holdings Inc. (HIPO), reported two award-related transactions dated June 2, 2026. First, 4,738 restricted stock units (RSUs) vested and were settled into 4,738 shares of common stock at an attributable value of $25.40 per share (totaling $120,345). Second, he was granted 4,808 RSUs at $0.00 per share (no immediate cash purchase or sale).

Key Details

• Transaction date: June 2, 2026; Form filed June 4, 2026 (appears timely).
• Transaction codes: A = Award/Grant.
• Vested settlement: 4,738 shares @ $25.40 = $120,345 (per footnote F1).
• New grant: 4,808 RSUs @ $0.00 (per footnotes F2 and F3); these RSUs vest in full on the earlier of the first anniversary of grant or immediately prior to the next Annual Meeting, subject to continued service.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• No indication in the provided filing of a 10b5‑1 plan, cashless exercise, tax withholding sale, or late filing.

Context

• The vested RSUs converted into actual shares (a receipt of stock rather than an open‑market purchase or sale). Such vesting events are routine compensation related to prior grants.
• The newly granted RSUs show $0.00 in price because they are unvested awards that will only convert to shares if vesting conditions are met; they do not represent an immediate cash investment or sale.