Tax withholding trims Hinge Health (NASDAQ: HNGE) CFO share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hinge Health, Inc. Chief Financial Officer James Budge reported a disposition of 4,614 shares of Class A Common Stock on a tax-withholding basis. The shares were relinquished to the company at $38.56 per share to cover federal and state tax obligations from vesting restricted stock units. Following this exempt transaction under Section 16b-3(e), Budge directly holds 396,813 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Budge James
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 4,614 | $38.56 | $178K |
Holdings After Transaction:
Class A Common Stock — 396,813 shares (Direct)
Footnotes (1)
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Key Figures
Shares used for tax withholding: 4,614 shares
Tax withholding share value: $38.56 per share
Shares held after transaction: 396,813 shares
+1 more
4 metrics
Shares used for tax withholding
4,614 shares
Class A Common Stock disposed in exempt F-code transaction
Tax withholding share value
$38.56 per share
Value used for 4,614-share tax-withholding disposition
Shares held after transaction
396,813 shares
Direct Class A Common Stock holdings after Form 4 event
Tax-withholding shares count
4,614 shares
Reported as exempt under Section 16b-3(e)
Key Terms
Section 16b-3(e), restricted stock units, tax withholding obligations, Class A Common Stock
4 terms
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
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
"to pay federal and state tax withholding obligations of the Reporting Person"
Class A Common Stock financial
"security_title: Class A Common Stock"
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.
FAQ
What insider transaction did Hinge Health (HNGE) report for its CFO?
Hinge Health CFO James Budge reported a tax-related disposition of 4,614 Class A Common Stock shares. The shares were surrendered to the company to satisfy federal and state withholding taxes arising from vesting restricted stock units, rather than sold in the open market.
What is Section 16b-3(e) and how does it relate to the HNGE filing?
Section 16b-3(e) provides an exemption for certain insider transactions involving company equity used to pay taxes or exercise costs. In this case, Hinge Health’s CFO used 4,614 shares to cover tax liabilities from vesting restricted stock units under this exempt framework.