Hinge Health (HNGE) president relinquishes shares to cover RSU tax withholding
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 831 shares
Net Sell
1 txn
Insider
Pursley James
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 831 | $44.60 | $37K |
Holdings After Transaction:
Class A Common Stock — 730,442 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 withholding: 831 shares
Indicated price per share: $44.60 per share
Shares held after transaction: 730,442 shares
3 metrics
Shares disposed for tax withholding
831 shares
Relinquished and cancelled to cover RSU tax obligations
Indicated price per share
$44.60 per share
Value used for the 831-share tax-withholding disposition
Shares held after transaction
730,442 shares
Direct holdings of Class A Common Stock following the Form 4 transaction
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
"pay federal and state tax withholding obligations of the Reporting Person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Hinge Health (HNGE) report for President James Pursley?
Hinge Health reported that President James Pursley relinquished 831 shares of Class A Common Stock. The shares were cancelled to satisfy tax withholding obligations arising from the vesting of restricted stock units, rather than being sold in the open market.
Why is the HNGE Form 4 transaction classified under Section 16b-3(e)?
The footnote states the transaction is exempt under Section 16b-3(e). It represents payment of exercise price or tax liability by delivering or withholding securities in connection with the vesting of restricted stock units issued under Rule 16b-3.