Hinge Health (HNGE) CFO relinquishes shares to cover RSU tax withholding
Rhea-AI Filing Summary
Hinge Health, Inc. Chief Financial Officer James Budge reported a single exempt transaction involving Class A Common Stock. On 2026-08-01, 4,614 shares were relinquished and cancelled at $74.71 per share to satisfy federal and state tax withholding obligations arising from the vesting of restricted stock units. Following this tax-withholding disposition, he holds 426,172 shares of Class A Common Stock directly. The transaction is exempt under Section 16b-3(e) and reflects payment of tax liabilities rather than an open-market sale.
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Insights
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Insider Trade Summary
Net Seller: 4,614 shares
Net Sell
1 txn
Insider
Budge James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock F1 | 4,614 | $74.71 | $345K |
Holdings After Transaction:
Class A Common Stock — 426,172 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 relinquished for taxes: 4,614 shares
Implied price per share: $74.71 per share
Shares owned after transaction: 426,172 shares
+1 more
4 metrics
Shares relinquished for taxes
4,614 shares
Class A Common Stock withheld and cancelled to cover tax withholding obligations on 2026-08-01
Implied price per share
$74.71 per share
Value used for cancellation of 4,614 shares in the tax-withholding disposition
Shares owned after transaction
426,172 shares
Direct Class A Common Stock held by CFO James Budge following the tax-withholding share cancellation
Tax-liability disposition transactions
1 transaction
Number of Section 16b-3(e) code F transactions reported in this Form 4
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"
Rule 16b-3 regulatory
"security issued in accordance with Rule 16b-3. All of the shares reported"
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
"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) CFO James Budge report?
James Budge reported a tax-related share disposition. He relinquished 4,614 shares of Hinge Health Class A Common Stock, which were cancelled in exchange for the company covering his federal and state tax withholding obligations from restricted stock unit vesting.
Was the Hinge Health (HNGE) CFO’s Form 4 transaction under a Rule 10b5-1 plan?
The transaction was not reported under a Rule 10b5-1 plan. The Form 4 indicates a Section 16b-3(e) exempt disposition for tax withholding, and the document-level Rule 10b5-1 checkbox is not marked as an affirmed trading plan.
What is the nature of the exempt transaction reported by HNGE CFO James Budge?
The transaction is exempt under Section 16b-3(e). All 4,614 shares reported as disposed were relinquished and cancelled by Hinge Health in exchange for the company’s agreement to pay James Budge’s federal and state tax withholding obligations from restricted stock unit vesting.