Hinge Health (HNGE) president covers tax bill through share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hinge Health, Inc. President James Pursley reported a tax-related share withholding. On the transaction date, 6,326 shares of Class A Common Stock were relinquished at a value of $56.21 per share to cover federal and state tax withholding from the vesting of restricted stock units. These shares were cancelled by the company, which agreed to satisfy the tax obligations. After this exempt disposition, Pursley directly holds 773,897 shares, so his overall ownership remains substantial and the event reflects a routine, non-market transaction rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pursley James
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 6,326 | $56.21 | $356K |
Holdings After Transaction:
Class A Common Stock — 773,897 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 6,326 shares
Implied share value: $56.21 per share
Shares held after transaction: 773,897 shares
3 metrics
Shares withheld for taxes
6,326 shares
Tax-withholding disposition tied to RSU vesting
Implied share value
$56.21 per share
Value used for 6,326-share tax-withholding disposition
Shares held after transaction
773,897 shares
Direct Class A Common Stock ownership after tax withholding
Key Terms
restricted stock units, Section 16b-3(e), tax withholding obligations
3 terms
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.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price"
tax withholding obligations financial
"to pay federal and state tax withholding obligations of the Reporting Person"
FAQ
What insider transaction did Hinge Health (HNGE) report for President James Pursley?
Hinge Health President James Pursley reported a tax-withholding disposition of 6,326 Class A shares. The shares were relinquished and cancelled so the company could pay federal and state tax liabilities arising from the vesting of his restricted stock units.
Why is the HNGE insider transaction classified as exempt under Section 16b-3(e)?
The transaction is exempt under Section 16b-3(e) because it involves shares delivered or withheld to pay the exercise price or tax liability on Rule 16b-3 equity awards. All disposed shares were cancelled as the issuer agreed to cover tax withholding from restricted stock unit vesting.