HNGE holder plans Rule 144 sale of shares
A holder of HNGE Class A shares has filed a Rule 144 notice to sell 257,900 Class A shares through Merrill Lynch on the NYSE, with an aggregate market value of $9,996,204.
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Rhea-AI Filing Summary
A holder of HNGE Class A shares has filed a Rule 144 notice to sell 257,900 Class A shares through Merrill Lynch on the NYSE, with an aggregate market value of $9,996,204. The notice states that 37,919,155 Class A shares were outstanding when the filing was prepared.
The shares to be sold were originally acquired on February 4, 2020 in a private placement from the issuer, paid for in cash. The filing also lists recent sales, including Bessemer Venture Partners X LP selling 373,955 Class A shares on November 18, 2025 for $14,976,898, and Bessemer Venture Partners X Institutional LP selling 351,045 Class A shares the same day for $14,059,352.
Insights
Venture funds continue staged secondary sales of HNGE Class A shares under Rule 144.
The filing shows a proposed Rule 144 sale of 257,900 HNGE Class A shares with an $9,996,204 aggregate market value, against 37,919,155 Class A shares outstanding. The seller acquired these shares via a private placement on February 4, 2020, paid in cash.
Recent activity includes multiple sales by Bessemer Venture Partners X LP and Bessemer Venture Partners X Institutional LP, such as 373,955 Class A shares sold for $14,976,898 and 351,045 Class A shares sold for $14,059,352 on November 18, 2025. These are secondary sales by existing holders rather than new share issuance.
The actual impact on trading will depend on execution of this planned sale on the NYSE and any further Rule 144 notices. Subsequent company and holder disclosures may provide additional context on remaining positions and future selling intentions.
FAQ
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What does the HNGE Rule 144 filing disclose?
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