Ellis Stewart 4
Research Summary
AI-generated summary
Hippo (HIPO) Director Ellis Stewart Receives RSU Award
What Happened
Ellis Stewart, a director of Hippo Holdings, received a grant of 4,820 restricted stock units (RSUs) on June 3, 2026. The RSUs were awarded at $0.00 (no cash exchanged) and will convert to one share of Hippo common stock per RSU upon vesting. This was a compensation award rather than a purchase or sale.
Key Details
- Transaction date: 2026-06-03; Form 4 filed 2026-06-05 (appears timely — within the SEC’s two-business-day reporting window).
- Instrument: 4,820 RSUs (reported as acquisition/award; value reported as $0.00 on grant).
- Vesting: RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) immediately prior to the Annual Meeting following the grant, subject to continued service. (See footnote F1.)
- Holdings after transaction: Not specified in the filing.
- Additional note: The RSUs are held by Preservation Trust Company, Inc., as Trustee of the Desertfish Nevada Trust (footnote F3).
Context
RSUs are compensation awards that convert to actual shares only when they vest; until then they are typically not transferable or tradeable. Such awards are common for directors and employees and represent compensation rather than a direct market signal (unlike open-market purchases or sales).