Hinge Health president uses 6,326 shares for taxes
Rhea-AI Filing Summary
Hinge Health, Inc. (HNGE) reported that President James Pursley had 6,326 shares of Class A Common Stock withheld on September 1, 2026 to satisfy federal and state tax withholding obligations arising from the vesting of restricted stock units, in an exempt transaction under Section 16b-3(e).
The shares were relinquished and cancelled in exchange for the issuer paying these taxes, leaving Pursley with 699,909 shares held directly after the transaction; no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Exercise Price or Tax Liability: 6,326 shares
Exercise Price or Tax Liability
1 txn
Insider
Pursley James
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock F1 | 6,326 | $92.56 | $586K |
Holdings After Transaction:
Class A Common Stock — 699,909 shares (Direct)
Footnotes (1)
- F1. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units.
Key Figures
Shares disposed for tax withholding: 6,326 shares
Price per share: $92.56 per share
Shares held after transaction: 699,909 shares
+1 more
4 metrics
Shares disposed for tax withholding
6,326 shares
Shares relinquished and cancelled on September 1, 2026 to cover RSU-related tax withholding
Price per share
$92.56 per share
Reference price for the 6,326 shares withheld in the Code F transaction
Shares held after transaction
699,909 shares
Direct holdings of James Pursley following the September 1, 2026 disposition
Exercise-price-or-tax-liability shares
6,326 shares
Total shares involved in Code F payment of tax liability reported in this Form 4
Key Terms
Section 16b-3(e), Rule 16b-3, restricted stock units, tax withholding obligations
4 terms
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price"
Rule 16b-3 regulatory
"issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
restricted stock units financial
"resulting from the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"pay federal and state tax withholding obligations of the Reporting Person"
FAQ
What insider transaction did HNGE President James Pursley report?
He reported an exempt disposition of 6,326 shares of Hinge Health Class A Common Stock on September 1, 2026, by having shares withheld and cancelled to cover federal and state tax withholding obligations from the vesting of restricted stock units.
Was James Pursley’s HNGE transaction under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 plan is reported for this transaction; it is described as an exempt transaction under Section 16b-3(e) related to tax withholding on restricted stock unit vesting.
What is the nature of the HNGE Form 4 Code F transaction for James Pursley?
It is a Code F transaction where 6,326 shares were relinquished and cancelled, and in exchange Hinge Health agreed to pay James Pursley’s federal and state tax withholding obligations resulting from the vesting of restricted stock units, qualifying under Section 16b-3(e).
AI-generated analysis. How Rhea-AI works. Not financial advice.