Hinge Health (HNGE) CFO surrenders shares to cover RSU tax bill
Rhea-AI Filing Summary
Hinge Health, Inc. Chief Financial Officer James Budge reported a tax-related share disposition. On March 1, 2026, he relinquished 7,699 shares of Class A common stock at $42.76 per share, which were cancelled to cover federal and state tax withholding from vesting restricted stock units. After this exempt tax-withholding transaction, he beneficially owned 412,433 shares of Class A common stock.
Positive
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Negative
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Insider Trade Summary
Net Seller: 7,699 shares
Net Sell
1 txn
Insider
Budge James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 7,699 | $42.76 | $329K |
Holdings After Transaction:
Class A Common Stock — 412,433 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.
FAQ
What did Hinge Health (HNGE) CFO James Budge report in this Form 4?
Hinge Health CFO James Budge reported a tax-withholding disposition of 7,699 Class A shares. These shares were cancelled by the company to satisfy his federal and state tax obligations from vesting restricted stock units.
Was the HNGE CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The shares were relinquished and cancelled as an exempt tax-withholding transaction under Section 16b-3(e), covering taxes from restricted stock unit vesting.
Why is the Hinge Health (HNGE) CFO’s Form 4 transaction classified as exempt?
The transaction is exempt under Section 16b-3(e) because it covers tax withholding by delivering or withholding securities. All disposed shares were cancelled in exchange for the issuer paying tax obligations from restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.