---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-234567"
form_type: "8-K"
ticker: "HIPO"
cik: "0001828105"
company_name: "Hippo Holdings Inc."
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:51:52.881524+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-234567
- form_type: 8-K
- ticker: HIPO
- cik: 0001828105
- company_name: Hippo Holdings Inc.
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828105/000119312522234567/0001193125-22-234567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828105/000119312522234567/d394916d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-234567
- JSON: https://secwatch.observer/filing/0001193125-22-234567.json
- Plain text: https://secwatch.observer/filing/0001193125-22-234567.txt

## Key facts
- Executive change
  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
  source text: Effective November 15, 2022, Ran Harpaz will depart from his position as Chief Operating Officer and Chief Technology Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828105/000119312522234567/0001193125-22-234567-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.