[Form 4] Hinge Health, Inc. Insider Trading Activity
Gabriel M.I. Mecklenburg, Executive Chairman & Co-Founder of Hinge Health, Inc. (HNGE), reported multiple option exercises on 09/24/2025. The Form 4 shows exercises of several stock options at strike prices between $0.30 and $1.90, resulting in the acquisition of Class B Common Stock and conversion rights into Class A Common Stock.
Following the transactions, the reporting person directly owns large quantities of Class A and Class B shares: 1,092,119 Class A shares held indirectly by GRAT and 383,592 Class A shares held indirectly by a Family Trust, plus multiple blocks of Class B shares received from exercised options (examples: 107,813, 84,320, 42,969, 60,157, 31,548). Some shares are subject to an underwriter lock-up after the issuer's IPO, and 944,250 PSUs are included among holdings and vest per award terms.
Gabriel M.I. Mecklenburg, Presidente esecutivo e cofondatore di Hinge Health, Inc. (HNGE), ha comunicato multiple esercitazioni di opzioni il 24/09/2025. Il Modulo 4 mostra l’esercizio di diverse opzioni azionarie con prezzi di esercizio tra $0,30 e $1,90, comportando l’acquisizione di azioni ordinarie di Classe B e diritti di conversione in azioni ordinarie di Classe A.
A seguito delle operazioni, la persona riferente detiene direttamente grandi quantità di azioni di Classe A e di Classe B: 1.092.119 azioni Classe A detenute indirettamente da GRAT e 383.592 azioni Classe A detenute indirettamente da una Family Trust, oltre a diversi blocchi di azioni di Classe B ricevuti da opzioni esercitate (esempi: 107.813, 84.320, 42.969, 60.157, 31.548). Alcune azioni sono soggette a lock-up da parte dell’emittente dopo l’IPO, e 944.250 PSU sono incluse tra le partecipazioni e maturano secondo i termini della assegnazione.
Gabriel M.I. Mecklenburg, Presidente ejecutivo y cofundador de Hinge Health, Inc. (HNGE), reportó múltiples ejercicios de opciones el 24/09/2025. El Formulario 4 muestra ejercicios de varias opciones sobre acciones con precios de ejercicio entre $0,30 y $1,90, resultando en la adquisición de acciones ordinarias de Clase B y derechos de conversión a acciones ordinarias de Clase A.
Después de las transacciones, la persona informante posee directamente grandes cantidades de acciones de Clase A y Clase B: 1.092.119 acciones de Clase A indirectamente por GRAT y 383.592 acciones de Clase A indirectamente por una Family Trust, además de varios bloques de acciones de Clase B recibidos por opciones ejercitadas (ejemplos: 107.813, 84.320, 42.969, 60.157, 31.548). Algunas acciones están sujetas a un lock-up de la underwriter tras la OPV del emisor, y 944.250 PSU están incluidas entre las participaciones y se visten conforme a los términos de la adjudicación.
Gabriel M.I. Mecklenburg, Hinge Health, Inc.의 실행 의장 겸 공동 설립자는 2025년 9월 24일에 다수의 주식 옵션 행사를 보고했습니다. Form 4는 행사가격이 $0.30에서 $1.90 사이인 여러 주식 옵션의 행사를 보여주며, 그 결과로 클래스 B 보통주를 취득하고 클래스 A 보통주로의 전환권을 얻습니다.
거래가 끝난 후 보고자는 직접적으로 다량의 클래스 A 및 클래스 B 주식을 보유합니다: GRAT에 의해 간접적으로 보유된 1,092,119주 클래스 A 주식와 패밀리 트러스트에 의해 간접적으로 보유된 383,592주 클래스 A 주식, 그리고 행사된 옵션으로 받은 여러 블록의 클래스 B 주식(예: 107,813, 84,320, 42,969, 60,157, 31,548). 일부 주식은 발행사의 IPO 후 공모사의 락업(lock-up) 대상이며, 944,250 PSU가 보유분에 포함되어 수여 조건에 따라 vest됩니다.
Gabriel M.I. Mecklenburg, Président-directeur général et co-fondateur de Hinge Health, Inc. (HNGE), a déclaré plusieurs exercices d’options le 24/09/2025. Le Formulaire 4 montre l’exercice de plusieurs options d’achat d’actions à des prix d’exercice compris entre $0,30 et $1,90, entraînant l’acquisition d’actions ordinaires de Classe B et des droits de conversion en actions ordinaires de Classe A.
À la suite des transactions, la personne déclarant détient directement de grandes quantités d’actions de Classe A et de Classe B : 1 092 119 actions de Classe A détenues indirectement par GRAT et 383 592 actions de Classe A détenues indirectement par une Family Trust, ainsi que plusieurs blocs d’actions de Classe B reçus à partir d’options exercées (exemples : 107 813, 84 320, 42 969, 60 157, 31 548). Certaines actions sont soumises à un lock-up par l’underwriter après l’introduction en bourse de l’émetteur, et 944 250 PSU figurent parmi les détentions et vestent selon les termes des attributions.
Gabriel M.I. Mecklenburg, Executive Chairman & Co-Founder von Hinge Health, Inc. (HNGE), meldete mehrere Optionsausübungen am 24.09.2025. Das Formular 4 zeigt Ausübungen mehrerer Aktienoptionen zu Ausübungspreisen zwischen $0,30 und $1,90, was zum Erwerb von Class B Stammaktien und zu Umtauschrechten in Class A Stammaktien führt.
Nach den Transaktionen besitzt die meldende Person direkt große Mengen an Class A- und Class B-Aktien: 1.092.119 Class A Aktien indirekt von GRAT und 383.592 Class A Aktien indirekt von einem Family Trust, sowie mehrere Blöcke von Class B-Aktien, die aus ausgeübten Optionen stammen (Beispiele: 107.813, 84.320, 42.969, 60.157, 31.548). Einige Aktien unterliegen nach dem IPO des Emittenten einem Underwriter-Lock-up, und 944.250 PSU sind unter den Beständen enthalten und vestieren gemäß den Bedingungen der Zuweisung.
غابرييل م.إ. ميكلينبرغ، رئيس مجلس الإدارة التنفيذي والمؤسس المشارك لشركة Hinge Health, Inc. (HNGE)، أبلغ عن عدة ممارسات خيارات طُعِنت في 24/09/2025. يُظهر النموذج 4 تمارين لخيارات أسهم متعددة بسعر إضراب بين $0.30 و $1.90، مما نتج عنه الحصول على أسهم عادية من الفئة B وحقوق تحويل إلى أسهم عادية من الفئة A.
بعد المعاملات، يملك الشخص المبلّغ عنه بشكل مباشر كميات كبيرة من أسهم الفئة A والفئة B: 1,092,119 سهم من الفئة A مملوكة بشكل غير مباشر من GRAT و 383,592 سهم من الفئة A مملوكة بشكل غير مباشر من Family Trust، بالإضافة إلى عدة كتلات من أسهم الفئة B تم الحصول عليها من خيارات مُنفذة (مثال: 107,813، 84,320، 42,969، 60,157، 31,548). بعض الأسهم خاضعة لقفل من قبل تحتwriters بعد إدراج المُصدر في السوق، و944,250 PSU مدرجة ضمن الحيازات وتكتسب وفق شروط الجائزة.
Gabriel M.I. Mecklenburg，Hinge Health, Inc.（HNGE）执行主席兼联合创始人，已在 2025/09/24 报告多次行使股票期权。Form 4 显示在执行价介于 $0.30 与 $1.90 之间的多项股票期权的行使，导致获得B类普通股以及转为A类普通股的转换权。
交易完成后，报告人直接持有大量的A类和B类股票：1,092,119 股 A 类股通过 GRAT 间接持有，以及 383,592 股 A 类股通过一家家庭信托间接持有，再加上因行使期权而获得的多个B类股票区块（如：107,813、84,320、42,969、60,157、31,548）。部分股票在发行人IPO后受承销商锁定期约束，且 944,250 股 PSU 已包含在持有中，并将按授予条款实现归属。
- Multiple option exercises disclosed, showing transparent reporting of insider transactions on 09/24/2025
- Large indirect holdings documented: 1,092,119 Class A via GRAT and 383,592 Class A via Family Trust
- 944,250 PSUs disclosed with vesting terms stated, clarifying contingent share interests
- Some exercised shares are subject to an underwriter lock-up, limiting immediate liquidity for those shares
- Form 4 shows concentrated insider ownership, which may imply future voting/dilution implications for investors (fact disclosed in filing)
Insights
TL;DR: Insider exercised multiple vested options, materially increasing reported holdings while some shares remain locked up post-IPO.
The Form 4 documents option exercises executed on 09/24/2025 across several strike prices ($0.30 to $1.90), producing Class B shares that are convertible to Class A. The filing discloses both direct holdings from exercised options and indirect holdings via a GRAT and a Family Trust totaling 1,475,711 Class A-equivalent shares (1,092,119 + 383,592), plus numerous directly held Class B blocks and 944,250 PSUs pending vesting. The presence of an underwriter lock-up is explicitly stated, limiting immediate liquidity for some shares. From a reporting perspective, this is a clear, detailed disclosure of material insider activity; it does not provide operational or performance information about the issuer.
TL;DR: Form 4 shows standard post-IPO option exercises with documented conversion terms and lock-up; governance disclosure appears complete.
The filing specifies that Class B shares are convertible into Class A at holder option and will automatically convert upon certain charter events, as described in the issuer's charter. The reporting person exercised fully vested options (noted as currently exercisable) and properly disclosed indirect ownership through estate vehicles (GRAT and Family Trust). The filing includes signature by an attorney-in-fact and an explicit explanation block, meeting typical SEC Form 4 disclosure conventions. No amendments or missing mandatory items are evident from the provided text.
Gabriel M.I. Mecklenburg, Presidente esecutivo e cofondatore di Hinge Health, Inc. (HNGE), ha comunicato multiple esercitazioni di opzioni il 24/09/2025. Il Modulo 4 mostra l’esercizio di diverse opzioni azionarie con prezzi di esercizio tra $0,30 e $1,90, comportando l’acquisizione di azioni ordinarie di Classe B e diritti di conversione in azioni ordinarie di Classe A.
A seguito delle operazioni, la persona riferente detiene direttamente grandi quantità di azioni di Classe A e di Classe B: 1.092.119 azioni Classe A detenute indirettamente da GRAT e 383.592 azioni Classe A detenute indirettamente da una Family Trust, oltre a diversi blocchi di azioni di Classe B ricevuti da opzioni esercitate (esempi: 107.813, 84.320, 42.969, 60.157, 31.548). Alcune azioni sono soggette a lock-up da parte dell’emittente dopo l’IPO, e 944.250 PSU sono incluse tra le partecipazioni e maturano secondo i termini della assegnazione.
Gabriel M.I. Mecklenburg, Presidente ejecutivo y cofundador de Hinge Health, Inc. (HNGE), reportó múltiples ejercicios de opciones el 24/09/2025. El Formulario 4 muestra ejercicios de varias opciones sobre acciones con precios de ejercicio entre $0,30 y $1,90, resultando en la adquisición de acciones ordinarias de Clase B y derechos de conversión a acciones ordinarias de Clase A.
Después de las transacciones, la persona informante posee directamente grandes cantidades de acciones de Clase A y Clase B: 1.092.119 acciones de Clase A indirectamente por GRAT y 383.592 acciones de Clase A indirectamente por una Family Trust, además de varios bloques de acciones de Clase B recibidos por opciones ejercitadas (ejemplos: 107.813, 84.320, 42.969, 60.157, 31.548). Algunas acciones están sujetas a un lock-up de la underwriter tras la OPV del emisor, y 944.250 PSU están incluidas entre las participaciones y se visten conforme a los términos de la adjudicación.
Gabriel M.I. Mecklenburg, Hinge Health, Inc.의 실행 의장 겸 공동 설립자는 2025년 9월 24일에 다수의 주식 옵션 행사를 보고했습니다. Form 4는 행사가격이 $0.30에서 $1.90 사이인 여러 주식 옵션의 행사를 보여주며, 그 결과로 클래스 B 보통주를 취득하고 클래스 A 보통주로의 전환권을 얻습니다.
거래가 끝난 후 보고자는 직접적으로 다량의 클래스 A 및 클래스 B 주식을 보유합니다: GRAT에 의해 간접적으로 보유된 1,092,119주 클래스 A 주식와 패밀리 트러스트에 의해 간접적으로 보유된 383,592주 클래스 A 주식, 그리고 행사된 옵션으로 받은 여러 블록의 클래스 B 주식(예: 107,813, 84,320, 42,969, 60,157, 31,548). 일부 주식은 발행사의 IPO 후 공모사의 락업(lock-up) 대상이며, 944,250 PSU가 보유분에 포함되어 수여 조건에 따라 vest됩니다.
Gabriel M.I. Mecklenburg, Président-directeur général et co-fondateur de Hinge Health, Inc. (HNGE), a déclaré plusieurs exercices d’options le 24/09/2025. Le Formulaire 4 montre l’exercice de plusieurs options d’achat d’actions à des prix d’exercice compris entre $0,30 et $1,90, entraînant l’acquisition d’actions ordinaires de Classe B et des droits de conversion en actions ordinaires de Classe A.
À la suite des transactions, la personne déclarant détient directement de grandes quantités d’actions de Classe A et de Classe B : 1 092 119 actions de Classe A détenues indirectement par GRAT et 383 592 actions de Classe A détenues indirectement par une Family Trust, ainsi que plusieurs blocs d’actions de Classe B reçus à partir d’options exercées (exemples : 107 813, 84 320, 42 969, 60 157, 31 548). Certaines actions sont soumises à un lock-up par l’underwriter après l’introduction en bourse de l’émetteur, et 944 250 PSU figurent parmi les détentions et vestent selon les termes des attributions.
Gabriel M.I. Mecklenburg, Executive Chairman & Co-Founder von Hinge Health, Inc. (HNGE), meldete mehrere Optionsausübungen am 24.09.2025. Das Formular 4 zeigt Ausübungen mehrerer Aktienoptionen zu Ausübungspreisen zwischen $0,30 und $1,90, was zum Erwerb von Class B Stammaktien und zu Umtauschrechten in Class A Stammaktien führt.
Nach den Transaktionen besitzt die meldende Person direkt große Mengen an Class A- und Class B-Aktien: 1.092.119 Class A Aktien indirekt von GRAT und 383.592 Class A Aktien indirekt von einem Family Trust, sowie mehrere Blöcke von Class B-Aktien, die aus ausgeübten Optionen stammen (Beispiele: 107.813, 84.320, 42.969, 60.157, 31.548). Einige Aktien unterliegen nach dem IPO des Emittenten einem Underwriter-Lock-up, und 944.250 PSU sind unter den Beständen enthalten und vestieren gemäß den Bedingungen der Zuweisung.
FAQ
What insider transactions did Gabriel M.I. Mecklenburg report on Form 4 for HNGE?
How many performance stock units (PSUs) are disclosed for the reporting person?
Are the exercised shares immediately tradable?
What indirect ownership vehicles are listed in the Form 4?
What strike prices were used for the exercised options?
