Hinge Health (HNGE) director gains indirect ownership of 4,637 Class A shares
Rhea-AI Filing Summary
Hinge Health, Inc. director Teddie Benjamin Wardi reported an indirect acquisition of 4,637 shares of Class A Common Stock. The shares were received by Ingentorsk (Delaware) LLC through distributions from Insight Venture Associates X, L.P. and Insight Venture Partners X (Class A), L.P., with no consideration paid. Wardi controls Ingentorsk and may be deemed the beneficial owner of these securities under Rule 16a-1.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,637 shares
Net Buy
1 txn
Insider
Wardi Teddie Benjamin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 4,637 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 4,637 shares (Indirect, See footnote)
Footnotes (2)
- F1. Represents shares of Class A Common Stock received pursuant to distributions by Insight Venture Associates X, L.P. and Insight Venture Partners X (Class A), L.P. to their respective partners (the "Insight Distributions").
- F2. Represents 4,637 shares of Class A Common Stock owned by Ingentorsk (Delaware) LLC ("Ingentorsk"). In connection with the Insight Distributions, Ingentorsk acquired direct ownership of 4,637 shares of the Issuer's Class A Common Stock, with no consideration being paid in connection therewith. The Reporting Person controls Ingentorsk. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, the Reporting Person may be deemed to be the beneficial owner of the securities owned by Ingentorsk.
Key Figures
Shares acquired: 4,637 shares
Price per share: $0.00
Shares held after transaction: 4,637 shares
3 metrics
Shares acquired
4,637 shares
Indirect acquisition of Class A Common Stock via Ingentorsk (Delaware) LLC
Price per share
$0.00
No consideration paid in connection with Insight Distributions
Shares held after transaction
4,637 shares
Indirect holdings attributed to Wardi through Ingentorsk (Delaware) LLC
Key Terms
Class A Common Stock, Insight Distributions, Rule 16a-1, beneficial owner
4 terms
Class A Common Stock financial
"Represents shares of Class A Common Stock received pursuant to distributions"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Insight Distributions financial
"received pursuant to distributions by Insight Venture Associates X, L.P."
Rule 16a-1 regulatory
"By reason of the provisions of Rule 16a-1 under the Securities Exchange Act"
beneficial owner financial
"may be deemed to be the beneficial owner of the securities owned"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
FAQ
What insider transaction did Hinge Health (HNGE) report for Teddie Benjamin Wardi?
Hinge Health reported that Teddie Benjamin Wardi, a director, had an indirect acquisition of 4,637 Class A shares via an entity he controls, Ingentorsk (Delaware) LLC, rather than through an open-market trade.
What are the Insight Distributions mentioned in the HNGE Form 4 footnotes?
The footnotes describe Insight Distributions as share distributions by Insight Venture Associates X, L.P. and Insight Venture Partners X (Class A), L.P. to their partners, through which Ingentorsk (Delaware) LLC received the 4,637 Hinge Health shares.
Is the HNGE Form 4 transaction for Teddie Benjamin Wardi part of a 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating the transaction was executed under a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.