STOCK TITAN

Insight funds (NASDAQ: HNGE) convert Class B and sell 727,793 Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hinge Health, Inc. disclosed that Insight-affiliated investment entities, all reported as ten-percent owners, carried out a series of conversions and open‑market sales involving its Class A and Class B common stock. Over June 22–24, the entities converted a total of 870,104 Class B shares into Class A through derivative conversions coded "C" at a stated conversion price of $0.00 per share.

Across the same dates, they executed 727,793 Class A shares of open‑market sales (code "S") at prices generally around $70–$72 per share, including transactions at $71.6669, $71.1994, $70.8361 and $70.2145. Several non‑derivative transaction lines show zero Class A shares remaining after specific sale blocks, while related derivative entries show that Insight-controlled entities continue to hold indirect positions of Class B common stock in the millions of shares following these conversions.

Positive

  • None.

Negative

  • None.

Insights

Large Insight funds converted Class B into Class A and sold shares, a net-sell but largely structural move.

The reporting persons are multiple Insight investment entities, each listed as a ten‑percent owner of Hinge Health (HNGE). The filing shows 24 derivative conversions (code "C") totaling 870,104 Class B shares into Class A and 18 open‑market sales (code "S") totaling 727,793 Class A shares. Conversions at a stated $0.00 price indicate these were equity restructurings rather than cash purchases.

The core signal for public investors comes from the open‑market sales: they were executed between roughly $70 and $72 per share around June 22–24. At the same time, derivative entries show Insight-controlled entities still holding several million Class B shares indirectly. Overall, this looks like a significant but portfolio‑style liquidity and share‑class adjustment by a large financial sponsor, rather than a complete exit, with detailed ownership levels and any aggregation across funds needing to be taken directly from the full Form 4 and its Exhibit 99.1.

Insider Insight Holdings Group, LLC, Insight Venture Associates X, Ltd., Insight Venture Associates X, L.P., Insight Venture Partners X, L.P., Insight Venture Partners (Cayman) X, L.P., Insight Venture Partners (Delaware) X, L.P., Insight Venture Partners X (Co-Investors), L.P.
Role null | null | null | null | null | null | null
Sold 727,793 shs ($51.63M)
Type Security Shares Price Value
Conversion Class B Common Stock 266,290 $0.00 --
Conversion Class B Common Stock 6,336 $0.00 --
Conversion Class B Common Stock 218,362 $0.00 --
Conversion Class B Common Stock 42,240 $0.00 --
Conversion Class A Common Stock 266,290 $0.00 --
Conversion Class A Common Stock 6,336 $0.00 --
Conversion Class A Common Stock 218,362 $0.00 --
Conversion Class A Common Stock 42,240 $0.00 --
Sale Class A Common Stock 120,873 $70.8361 $8.56M
Sale Class A Common Stock 2,876 $70.8361 $204K
Sale Class A Common Stock 99,118 $70.8361 $7.02M
Sale Class A Common Stock 19,173 $70.8361 $1.36M
Sale Class A Common Stock 145,417 $71.6669 $10.42M
Sale Class A Common Stock 3,460 $71.6669 $248K
Conversion Class B Common Stock 56,171 $0.00 --
Conversion Class B Common Stock 1,336 $0.00 --
Conversion Class B Common Stock 46,060 $0.00 --
Conversion Class B Common Stock 8,910 $0.00 --
Conversion Class A Common Stock 56,171 $0.00 --
Conversion Class A Common Stock 1,336 $0.00 --
Conversion Class A Common Stock 46,060 $0.00 --
Conversion Class A Common Stock 8,910 $0.00 --
Sale Class A Common Stock 56,171 $70.2145 $3.94M
Sale Class A Common Stock 1,336 $70.2145 $94K
Sale Class A Common Stock 46,060 $70.2145 $3.23M
Sale Class A Common Stock 8,910 $70.2145 $626K
Conversion Class B Common Stock 112,064 $0.00 --
Conversion Class B Common Stock 2,666 $0.00 --
Conversion Class B Common Stock 91,893 $0.00 --
Conversion Class B Common Stock 17,776 $0.00 --
Conversion Class A Common Stock 112,064 $0.00 --
Conversion Class A Common Stock 2,666 $0.00 --
Conversion Class A Common Stock 91,893 $0.00 --
Conversion Class A Common Stock 17,776 $0.00 --
Sale Class A Common Stock 60,888 $70.7478 $4.31M
Sale Class A Common Stock 1,449 $70.7478 $103K
Sale Class A Common Stock 49,929 $70.7478 $3.53M
Sale Class A Common Stock 9,658 $70.7478 $683K
Sale Class A Common Stock 51,176 $71.1994 $3.64M
Sale Class A Common Stock 1,217 $71.1994 $87K
Sale Class A Common Stock 41,964 $71.1994 $2.99M
Sale Class A Common Stock 8,118 $71.1994 $578K
Holdings After Transaction: Class B Common Stock — 4,214,621 shares (Indirect, See footnotes); Class A Common Stock — 266,290 shares (Indirect, See Footnotes)
Footnotes (1)
  1. See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1
Class A shares sold 727,793 shares Open-market sales over June 22–24, 2026
Shares converted 870,104 shares Class B to Class A derivative conversions
Sale price example $71.6669 per share Class A sale price on June 24, 2026
Sale price range $70.2145–$71.1994 Additional Class A sale prices June 22–23, 2026
Remaining Class B block 4,537,082 shares One Class B line total following June 22 conversion
Sell transactions 18 trades Code "S" open-market or private sales
Conversion transactions 24 trades Code "C" derivative conversions
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative conversion financial
"transaction_action": "derivative conversion""
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
indirect ownership financial
"ownership_type": "indirect""
ten percent owner regulatory
"is_ten_percent_owner": 1"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Insight Holdings Group, LLC

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Hinge Health, Inc. [ HNGE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/22/2026C112,064A(8)112,064ISee Footnotes(1)(6)(7)
Class A Common Stock06/22/2026C2,666A(8)2,666ISee Footnotes(2)(6)(7)
Class A Common Stock06/22/2026C91,893A(8)91,893ISee Footnotes(3)(6)(7)
Class A Common Stock06/22/2026C17,776A(8)17,776ISee Footnotes(4)(6)(7)
Class A Common Stock06/22/2026S(14)60,888D$70.7478(9)51,176ISee Footnotes(1)(6)(7)
Class A Common Stock06/22/2026S(14)1,449D$70.7478(9)1,217ISee Footnotes(2)(6)(7)
Class A Common Stock06/22/2026S(14)49,929D$70.7478(9)41,964ISee Footnotes(3)(6)(7)
Class A Common Stock06/22/2026S(14)9,658D$70.7478(9)8,118ISee Footnotes(4)(6)(7)
Class A Common Stock06/22/2026S(14)51,176D$71.1994(10)0ISee Footnotes(1)(6)(7)
Class A Common Stock06/22/2026S(14)1,217D$71.1994(10)0ISee Footnotes(2)(6)(7)
Class A Common Stock06/22/2026S(14)41,964D$71.1994(10)0ISee Footnotes(3)(6)(7)
Class A Common Stock06/22/2026S(14)8,118D$71.1994(10)0ISee Footnotes(4)(6)(7)
Class A Common Stock06/23/2026C56,171A(8)56,171ISee Footnotes(1)(6)(7)
Class A Common Stock06/23/2026C1,336A(8)1,336ISee Footnotes(2)(6)(7)
Class A Common Stock06/23/2026C46,060A(8)46,060ISee Footnotes(3)(6)(7)
Class A Common Stock06/23/2026C8,910A(8)8,910ISee Footnotes(4)(6)(7)
Class A Common Stock06/23/2026S(14)56,171D$70.2145(11)0ISee Footnotes(1)(6)(7)
Class A Common Stock06/23/2026S(14)1,336D$70.2145(11)0ISee Footnotes(2)(6)(7)
Class A Common Stock06/23/2026S(14)46,060D$70.2145(11)0ISee Footnotes(3)(6)(7)
Class A Common Stock06/23/2026S(14)8,910D$70.2145(11)0ISee Footnotes(4)(6)(7)
Class A Common Stock06/24/2026C266,290A(8)266,290ISee Footnotes(1)(6)(7)
Class A Common Stock06/24/2026C6,336A(8)6,336ISee Footnotes(2)(6)(7)
Class A Common Stock06/24/2026C218,362A(8)218,362ISee Footnotes(3)(6)(7)
Class A Common Stock06/24/2026C42,240A(8)42,240ISee Footnotes(4)(6)(7)
Class A Common Stock06/24/2026S(14)120,873D$70.8361(12)145,417ISee Footnotes(1)(6)(7)
Class A Common Stock06/24/2026S(14)2,876D$70.8361(12)3,460ISee Footnotes(2)(6)(7)
Class A Common Stock06/24/2026S(14)99,118D$70.8361(12)119,244ISee Footnotes(3)(6)(7)
Class A Common Stock06/24/2026S(14)19,173D$70.8361(12)23,067ISee Footnotes(4)(6)(7)
Class A Common Stock06/24/2026S(14)145,417D$71.6669(13)0ISee Footnotes(1)(6)(7)
Class A Common Stock06/24/2026S(14)3,460D$71.6669(13)0ISee Footnotes(2)(6)(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(8)06/22/2026C112,064 (8) (8)Class A Common Stock112,064(5)4,537,082ISee footnotes(1)(6)(7)
Class B Common Stock(8)06/22/2026C2,666 (8) (8)Class A Common Stock2,666(5)107,953ISee footnotes(2)(6)(7)
Class B Common Stock(8)06/22/2026C91,893 (8) (8)Class A Common Stock91,893(5)3,720,462ISee footnotes(3)(6)(7)
Class B Common Stock(8)06/22/2026C17,776 (8) (8)Class A Common Stock17,776(5)719,687ISee footnotes(4)(6)(7)
Class B Common Stock(8)06/23/2026C56,171 (8) (8)Class A Common Stock56,171(5)4,480,911ISee footnotes(1)(6)(7)
Class B Common Stock(8)06/23/2026C1,336 (8) (8)Class A Common Stock1,336(5)106,617ISee footnotes(2)(6)(7)
Class B Common Stock(8)06/23/2026C46,060 (8) (8)Class A Common Stock46,060(5)3,674,402ISee footnotes(3)(6)(7)
Class B Common Stock(8)06/23/2026C8,910 (8) (8)Class A Common Stock8,910(5)710,777ISee footnotes(4)(6)(7)
Class B Common Stock(8)06/24/2026C266,290 (8) (8)Class A Common Stock266,290(5)4,214,621ISee footnotes(1)(6)(7)
Class B Common Stock(8)06/24/2026C6,336 (8) (8)Class A Common Stock6,336(5)100,281ISee footnotes(2)(6)(7)
Class B Common Stock(8)06/24/2026C218,362 (8) (8)Class A Common Stock218,362(5)3,456,040ISee footnotes(3)(6)(7)
Class B Common Stock(8)06/24/2026C42,240 (8) (8)Class A Common Stock42,240(5)668,537ISee footnotes(4)(6)(7)
1. Name and Address of Reporting Person*
Insight Holdings Group, LLC

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Insight Venture Associates X, Ltd.

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Insight Venture Associates X, L.P.

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Insight Venture Partners X, L.P.

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Insight Venture Partners (Cayman) X, L.P.

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Insight Venture Partners (Delaware) X, L.P.

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Insight Venture Partners X (Co-Investors), L.P.

(Last)(First)(Middle)
C/O INSIGHT PARTNERS
1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. See Exhibit 99.1
2. See Exhibit 99.1
3. See Exhibit 99.1
4. See Exhibit 99.1
5. See Exhibit 99.1
6. See Exhibit 99.1
7. See Exhibit 99.1
8. See Exhibit 99.1
9. See Exhibit 99.1
10. See Exhibit 99.1
11. See Exhibit 99.1
12. See Exhibit 99.1
13. See Exhibit 99.1
14. See Exhibit 99.1
Remarks:
Exhibit List Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Signatures
Insight Holdings Group, LLC, by Andrew Prodromos, its Authorized Signatory /s/ Andrew Prodromos06/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Insight-affiliated holders do in this HNGE Form 4?

Insight-affiliated entities converted Class B into Class A and sold shares. They executed 24 derivative conversions totaling 870,104 Class B shares and 18 open‑market sales totaling 727,793 Class A shares over June 22–24, adjusting their indirect ownership structure.

How many Hinge Health (HNGE) shares were sold by Insight entities?

The filing reports 727,793 Class A shares sold in open‑market transactions. These sales occurred across 18 trades on June 22, 23, and 24 at prices generally around $70–$72 per share, reflecting substantial liquidity activity by large Insight-controlled investment funds.

At what prices were Hinge Health (HNGE) shares sold in this Form 4?

The reported open‑market sales occurred at several price points near $70–$72. Specific transaction prices include $71.6669, $71.1994, $70.8361 and $70.2145 per Class A share, showing relatively tight trading ranges over the three disclosure dates in late June.

What does the derivative conversion activity mean for HNGE in this filing?

Derivative conversions shifted holdings from Class B into Class A common stock. The Insight entities converted 870,104 Class B shares at a stated $0.00 conversion price, then sold a portion as Class A. This reflects internal capital structure changes rather than fresh cash purchases of new shares.

Do Insight entities still hold Hinge Health (HNGE) shares after these transactions?

Yes, the derivative transaction rows show remaining indirect Class B holdings in the millions of shares for Insight-controlled entities. Several Class B lines list post‑transaction balances above four million shares, indicating a continuing, sizeable ownership position after the reported conversions and sales.

Who is the reporting person in the Hinge Health (HNGE) Form 4?

The reporting persons are Insight Holdings Group, LLC and a group of related Insight Venture funds. These include Insight Venture Associates X and multiple Insight Venture Partners X limited partnerships, all identified in the filing as ten‑percent owners with indirect ownership through investment entities.