Hinge Health president has shares withheld for taxes
Hinge Health, Inc. President James Pursley reported a tax-related share withholding.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 6,326 | $56.21 | $356K |
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
Key Terms
restricted stock units financial
Section 16b-3(e) regulatory
tax withholding obligations financial
FAQ
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What insider transaction did Hinge Health (HNGE) report for President James Pursley?
Why is the HNGE insider transaction classified as exempt under Section 16b-3(e)?
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