Hippo lays off 10% of workforce; COO/CTO Ran Harpaz to depart Nov 15

Hippo Holdings Inc.

Workforce reduction of ~70 employees (~10% of total) effective Sep 1, 2022.
Expects Q3 2022 charges of $1.8M-$2.0M for severance and benefits; $1.2M-$1.4M cash.
COO and CTO Ran Harpaz to depart effective Nov 15, 2022; eligible for $250K separation benefit.
Company reviewing potential additional restructuring costs (facility leases, etc.) but unable to estimate now.

item 2.05 item 5.02 item 9.01

Executive movements

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Departed

Ran Harpaz

Chief Operating Officer and Chief Technology Officer

HIPO · Hippo Holdings Inc.

Effective: 2022-11-15
Filed: August 31, 2022, 7:59 PM ET

Effective November 15, 2022, Ran Harpaz will depart from his position as Chief Operating Officer and Chief Technology Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ran Harpaz departed as Chief Operating Officer and Chief Technology Officer at Hippo Holdings Inc..

Action: will depart
Role: Chief Operating Officer and Chief Technology Officer

Exact text from the filing

Effective November 15, 2022, Ran Harpaz will depart from his position as Chief Operating Officer and Chief Technology Officer of the Company.

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Hippo Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-234567

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