Hinge Health president reports tax-withholding share disposition
Hinge Health, Inc. President James Pursley reported a routine tax-related share disposition tied to restricted stock unit vesting.
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Rhea-AI Filing Summary
Hinge Health, Inc. President James Pursley reported a routine tax-related share disposition tied to restricted stock unit vesting. On the transaction date, 831 shares of Class A Common Stock were relinquished and cancelled at an indicated price of $44.60 per share to cover federal and state tax withholding obligations.
The footnote explains this exempt transaction under Section 16b-3(e) was a payment of tax liability by delivering or withholding securities, not an open-market sale. Following the withholding and cancellation, Pursley directly holds 730,442 shares of Class A Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 831 | $44.60 | $37K |
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 Form 4 transaction classified under Section 16b-3(e)?
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