Hinge Health (HNGE) CFO reports 8,213-share exempt tax withholding event
Rhea-AI Filing Summary
Hinge Health, Inc.'s Chief Financial Officer reported a routine share disposition related to tax withholding on equity compensation. On 12/01/2025, the reporting person disposed of 8,213 shares of Class A common stock at $48.91 per share in an exempt transaction. After this transaction, the officer beneficially owned 471,665 shares directly.
The company explains that the shares were withheld and cancelled by the issuer to cover federal and state tax obligations arising from the vesting of restricted stock units, as permitted under Section 16b-3(e). This reflects standard administrative handling of equity awards rather than an open-market sale.
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FAQ
What insider transaction did Hinge Health (HNGE) report on this Form 4?
The Form 4 reports that the Chief Financial Officer disposed of 8,213 shares of Hinge Health Class A common stock on 12/01/2025 in an exempt transaction.
Why were 8,213 Hinge Health (HNGE) shares disposed of by the CFO?
The filing states the transaction was an exempt event under Section 16b-3(e), where shares were relinquished and cancelled in exchange for the issuer paying the officer’s federal and state tax withholding obligations from restricted stock unit vesting.
What was the price used for the Hinge Health (HNGE) insider share disposition?
The reported price for the 8,213 Class A common shares involved in the transaction was $48.91 per share.
How many Hinge Health (HNGE) shares does the CFO own after this Form 4 transaction?
Following the reported transaction, the Chief Financial Officer beneficially owned 471,665 shares of Hinge Health Class A common stock directly.
Was the Hinge Health (HNGE) Form 4 transaction an open-market sale?
No. The explanation states that all disposed shares were relinquished and cancelled by the issuer to satisfy tax withholding obligations tied to restricted stock unit vesting, rather than sold on the open market.
What rule exempts this Hinge Health (HNGE) insider transaction?
The transaction is described as an exempt transaction under Section 16b-3(e), which covers payment of exercise price or tax liabilities by delivering or withholding securities issued in accordance with Rule 16b-3.