Bessemer affiliates plan Class A sales — Heng? (HNGE)

Rhea-AI Filing Summary

HNGE notice of proposed resale under Rule 144 by affiliated Bessemer entities of multiple blocks of Class A common stock. The excerpt lists transactions dated 05/07/2026 and 05/08/2026 showing planned sales of shares and corresponding cash amounts by Bessemer Venture Partners X LP and Bessemer Venture Partners X Institutional LP.

Insights

Capital Markets Analyst

Routine Rule 144 resale notices by two Bessemer entities; not a company capital raise.

The filing lists proposed dispositions of Class A shares on 05/07/2026 and 05/08/2026, with individual blocks of shares and cash proceeds recorded for each transaction. These are resale notices under Rule 144 rather than issuer offerings.

Cash‑flow treatment is from selling holders to market buyers; the company is not described as receiving proceeds in the excerpt. Subsequent Form 4 or broker reports would show execution details if trades occur.

Key Figures

Proposed sale - 05/07/2026: 154,740 shares Proceeds - 05/07/2026: $8,475,228.33 Proposed sale - 05/08/2026: 103,160 shares +5 more

8 metrics

Proposed sale - 05/07/2026 154,740 shares Bessemer Venture Partners X LP proposed sale on 05/07/2026

Proceeds - 05/07/2026 $8,475,228.33 Cash amount shown for 154,740 shares on 05/07/2026

Proposed sale - 05/08/2026 103,160 shares Bessemer Venture Partners X LP proposed sale on 05/08/2026

Proceeds - 05/08/2026 $5,690,563.60 Cash amount shown for 103,160 shares on 05/08/2026

Proposed sale - 05/07/2026 (institutional) 145,260 shares Bessemer Venture Partners X Institutional LP proposed sale on 05/07/2026

Proceeds - institutional 05/07/2026 $7,956,001.47 Cash amount shown for 145,260 shares on 05/07/2026

Proposed sale - 05/08/2026 (institutional) 96,840 shares Bessemer Venture Partners X Institutional LP proposed sale on 05/08/2026

Proceeds - institutional 05/08/2026 $5,341,936.60 Cash amount shown for 96,840 shares on 05/08/2026

Key Terms

Rule 144, Private Placement, Class A

3 terms

Rule 144 regulatory

"notice of proposed resale under Rule 144 by affiliated Bessemer entities"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Private Placement financial

"Class A | 02/04/2020 | Private Placement | Issuer"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

Class A financial

"Class A | Merrill Lynch One Bryant Park New York NY 10036"

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Merrill Lynch One Bryant Park New York NY 10036	257900	14496559	54655926	06/01/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	02/04/2020	Private Placement	Issuer			257900	02/04/2020	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Bessemer Venture Partners X LP 1865 Palmer Avenue, STE 104 Larchmont NY 10538	Class A	05/07/2026	154740	8475228.33
Bessemer Venture Partners X LP 1865 Palmer Avenue, STE 104 Larchmont NY 10538	Class A	05/08/2026	103160	5690563.60
Bessemer Venture Partners X Institutional LP 1865 Palmer Avenue, STE 104 Larchmont NY 10538	Class A	05/07/2026	145260	7956001.47
Bessemer Venture Partners X Institutional LP 1865 Palmer Avenue, STE 104 Larchmont NY 10538	Class A	05/08/2026	96840	5341936.60

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the HNGE Form 144 filing report?

It reports proposed resales of Class A shares by Bessemer affiliates on specific dates. The excerpt lists proposed sales on 05/07/2026 and 05/08/2026 with share counts and cash amounts for each block.

Which holders are listed as selling in the HNGE excerpt?

Bessemer Venture Partners X LP and Bessemer Venture Partners X Institutional LP. Both entities appear with addresses at 1865 Palmer Avenue, Larchmont NY, and show multiple Class A share blocks dated in May 2026.

How many shares and proceeds are shown for the May 7, 2026 HNGE entries?

Examples shown include 154,740 shares for $8,475,228.33 and 145,260 shares for $7,956,001.47. These figures are listed in the excerpt as proposed Class A share dispositions on 05/07/2026.

Does the filing indicate proceeds go to the company (HNGE)?

The excerpt attributes cash amounts to selling holders, not the issuer. The rows list selling entities and cash totals; there is no statement in the provided excerpt that the company will receive proceeds.

Are these sales already executed according to the excerpt?

The excerpt lists dates and amounts as reported transactions or notices on specific May 2026 dates. It does not provide clearing/execution confirmations or broker execution details in the provided content.