Hinge Health, Inc. (HNGE) CEO vests 944,250 PSUs, with tax withholding
Rhea-AI Filing Summary
Hinge Health, Inc. CEO and Co‑Founder Daniel Antonio Perez reported the vesting of 944,250 performance‑based restricted stock units on July 27, 2026, settling into Class B Common Stock. He relinquished 509,423 Class B shares at $74.3100 per share to cover tax withholding, and holds awards including 3,777,002 PSUs and 358,445 Class B shares held indirectly through his spouse.
Positive
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Negative
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Insights
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Insider Trade Summary
1,888,500 shares exercised/converted
Exercise
5 txns
Insider
Perez Daniel Antonio
Role
CEO & Co-Founder
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Units F1, F2, F3 | 944,250 | $0.00 | $0.00 |
| Exercise | Performance-based Restricted Stock Units F1, F2, F3 | 944,250 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F4, F5 | 944,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock F4, F6 | 509,423 | $74.31 | $37.86M |
| holding | Class B Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Performance-based Restricted Stock Units — 0 shares (Direct);
Class B Common Stock — 9,923,672 shares (Direct);
Class B Common Stock — 358,445 shares (Indirect, By Spouse)
Footnotes (6)
- F1. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement.
- F2. The PSUs were earned and became vested upon the achievement of performance criteria as certified by the Compensation Committee of the Issuer's Board of Directors on July 27, 2026.
- F3. PSUs do not expire; they either vest or are cancelled prior to vesting date.
- F4. Each share of Class B Common Stock is convertible into one share of the lssuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value, or upon the occurrence of certain events or conditions described in the Issuer's Amended and Restated Certificate of Incorporation.
- F5. Excludes 3,777,002 PSUs held by the Reporting Person.
- F6. 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
Performance-based RSUs vested: 944,250 units
Shares withheld for taxes: 509,423 shares
Tax withholding price: $74.3100 per share
+2 more
5 metrics
Performance-based RSUs vested
944,250 units
PSUs earned and became vested on July 27, 2026
Shares withheld for taxes
509,423 shares
Class B Common Stock relinquished and cancelled to cover tax withholding
Tax withholding price
$74.3100 per share
Per-share value for 509,423 Class B shares used to satisfy withholding
Additional PSUs held
3,777,002 units
PSUs held by the reporting person, excluded from the Class B share line
Indirect Class B holdings
358,445 shares
Class B Common Stock held indirectly by spouse, with equivalent Class A underlying shares
Key Terms
Performance-based Restricted Stock Units, PSUs, Section 16b-3(e), tax withholding obligations
4 terms
Performance-based Restricted Stock Units financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
PSUs financial
"Excludes 3,777,002 PSUs held by the Reporting Person."
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price"
tax withholding obligations financial
"agreement to pay federal and state tax withholding obligations of the Reporting Person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did HNGE CEO Daniel Antonio Perez report on July 27, 2026?
Daniel Antonio Perez reported vesting of 944,250 performance‑based restricted stock units on July 27, 2026. Each PSU represents a right to receive one share of Class B Common Stock once performance criteria certified by the Compensation Committee were achieved.
What does the Form 4 reveal about Daniel Perez’s remaining HNGE PSU holdings?
A footnote states that the reported Class B Common Stock entry excludes 3,777,002 PSUs held by Daniel Perez. This indicates a substantial remaining performance‑based restricted stock unit position beyond the 944,250 PSUs that vested on July 27, 2026.
Were Daniel Perez’s HNGE transactions reported as part of a Rule 10b5‑1 trading plan?
No. The Rule 10b5‑1 checkbox is not marked as affirming a plan, and there is no footnote indicating a pre‑arranged trading arrangement. The reported vesting and tax‑withholding transactions are therefore not described as occurring under a Rule 10b5‑1 plan.