Hinge Health CFO uses 9,986 shares for taxes
Hinge Health’s CFO had shares withheld and cancelled to cover taxes from vesting RSUs, with over 400,000 shares still held directly afterward.
Rhea-AI Filing Summary
Hinge Health, Inc. (HNGE) reported that Chief Financial Officer James Budge had 9,986 shares of Class A Common Stock withheld on September 1, 2026 to cover exercise price or tax liabilities related to vesting restricted stock units. The shares were relinquished and cancelled in exchange for the company paying his federal and state tax withholding obligations, leaving him with 404,623 shares held directly. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Exercise Price or Tax Liability: 9,986 shares
Exercise Price or Tax Liability
1 txn
Insider
Budge James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock F1 | 9,986 | $92.56 | $924K |
Holdings After Transaction:
Class A Common Stock — 404,623 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/exercise obligations: 9,986 shares
Transaction reference price: $92.56 per share
Shares held after transaction: 404,623 shares
+1 more
4 metrics
Shares disposed for tax/exercise obligations
9,986 shares
Class A Common Stock withheld or delivered on September 1, 2026
Transaction reference price
$92.56 per share
Value applied to the 9,986-share disposition
Shares held after transaction
404,623 shares
Direct holdings of CFO James Budge following the Form 4 transaction
Exercise price or tax liability shares count
9,986 shares
Total shares used to pay exercise price or tax liability per transaction summary
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 or tax liability"
Rule 16b-3 regulatory
"security 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
"agreement to pay federal and state tax withholding obligations of the Reporting Person"
FAQ
What transaction did HNGE’s CFO report on this Form 4?
James Budge, Chief Financial Officer of Hinge Health, Inc. (HNGE), reported a disposition of 9,986 shares of Class A Common Stock on September 1, 2026, used to cover exercise price or tax liabilities from vesting restricted stock units.
Was the HNGE CFO’s Form 4 transaction made under a Rule 10b5-1 plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is affirmatively reported for this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.