Ostergaard Torben 4

What Happened

• Torben Ostergaard, identified as CEO (Spinnaker), disposed of a total of 5,007 Hippo (HIPO) shares on May 15, 2026. That consists of an open-market sale of 3,667 shares at a weighted average price of $26.10 for proceeds of $95,706, plus 1,340 shares disposed to satisfy an exercise price or tax liability at a weighted average of $26.41 for $35,392. Combined proceeds/consideration are about $131,098. Both transactions are reported as dispositions (sales).

Key Details

• Transaction date: May 15, 2026.
• Prices: weighted-average sale prices reported; individual trade prices ranged from $25.94 to $26.47 (per filing).
• Total shares disposed: 5,007 (3,667 open-market sale; 1,340 for tax/exercise payment).
• Notable footnotes: sales were made pursuant to a Rule 10b5-1 trading plan dated August 22, 2025; price range disclosure and offer to provide trade-level details on request; filing notes include 37,430 RSUs as part of reported holdings.
• Filing timeliness: Form 4 was filed on May 19, 2026 (two business days after the May 15 transaction), so the filing appears timely.

Context

• The 1,340-share disposition coded F reflects shares used to pay an exercise price or satisfy tax withholding (a common administrative step), while the 3,667-share sale was executed under a pre-established 10b5-1 plan. Such sales under a 10b5-1 plan are typically pre-scheduled and are often routine rather than an immediate signal of changed insider sentiment.