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CUSIP No. G74847107
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13D
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Page 2 of 5 pages
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Item 1.
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Security and Issuer.
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This statement on Schedule 13D (the Schedule 13D) relates to shares of common stock, $0.0001 par value (Common Stock),
of Hippo Holdings Inc. (the Issuer). The address of the principal executive offices of the Issuer is 150 Forest Avenue, Palo Alto, California 94301.
Item 2.
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Identity and Background.
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The Schedule 13D is being filed by Assaf Wand the following persons (the Reporting Person).
The Reporting Person is a citizen of the State of Israel. The business address of the Reporting Person is c/o Hippo Holdings Inc., 150 Forest
Avenue Palo Alto, California 94301. The principal business of the reporting person is serving as Chief Executive Officer and Director of the Issuer.
During the last five years, the Reporting Person (i) has not been convicted in any criminal proceeding (excluding traffic violations or
similar misdemeanors) nor (ii) was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3.
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Source and Amount of Funds or Other Consideration.
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Prior to the closing of the Issuers business combination on August 3, 2021 (the Business Combination), the Reporting
Person and a trust controlled by the Reporting Person acquired 5,078,966 shares of Hippo Enterprises Inc. (Hippo Enterprises) common stock, which were converted into 32,320,815 shares of Common Stock, of the Issuer based on a 1 to
6.95433 conversion ratio. The Reporting Persons outstanding stock option, which is exercisable for 9,172,026 shares of Common Stock, was also converted based on a 1 to 6.95433 conversion ratio. Following the Business Combination, the Issuer
acquired 3,000,000 shares of Hippo Holdings common stock from the Reporting Person (the Hippo Redemption) at $10.00 per share, with the Reporting Person beneficially owning 41,409,316 shares of Common Stock following the Hippo
Redemption.
Item 4.
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Purpose of Transaction.
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Registration Rights Agreement
On
August 2, 2021, in connection with the consummation of the Business Combination the Issuer, Reinvent Sponsor Z LLC, a Cayman Islands limited liability company (Sponsor), the other holders of Reinvent Technology Partners Z, a Cayman
Islands exempt limited company, Class B ordinary shares, and certain former stockholders of Hippo Enterprises, including the Reporting Person, entered into the Registration Rights Agreement (the RRA).