Hinge Health (HNGE) CFO uses 9,986 shares to cover tax obligations
Rhea-AI Filing Summary
Hinge Health, Inc. Chief Financial Officer James Budge reported a routine tax-withholding transaction involving 9,986 shares of Class A common stock at $56.21 per share. These shares were relinquished and cancelled so the company could cover his federal and state tax obligations from vesting restricted stock units. Following this disposition, he directly holds 435,400 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,986 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 | 9,986 | $56.21 | $561K |
Holdings After Transaction:
Class A Common Stock — 435,400 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 disposed for tax withholding: 9,986 shares
Disposition price per share: $56.21 per share
Shares held after transaction: 435,400 shares
3 metrics
Shares disposed for tax withholding
9,986 shares
Class A Common Stock, tax-withholding disposition
Disposition price per share
$56.21 per share
Value used for 9,986-share tax-withholding transaction
Shares held after transaction
435,400 shares
Class A Common Stock directly held after Form 4 transaction
Key Terms
restricted stock units, Section 16b-3(e), tax withholding obligations
3 terms
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.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
tax withholding obligations financial
"in exchange for the Issuer's agreement to pay federal and state tax withholding obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hinge Health (HNGE) CFO James Budge report in this Form 4?
Hinge Health CFO James Budge reported a tax-withholding disposition of 9,986 Class A shares. The shares were cancelled so the company could pay his federal and state tax obligations from vesting restricted stock units, leaving him with 435,400 shares directly held.
Was the Hinge Health (HNGE) CFO’s Form 4 transaction an open-market sale?
The Form 4 transaction was not an open-market sale. It was a tax-withholding disposition under Section 16b-3(e), where 9,986 shares were relinquished and cancelled so Hinge Health could satisfy James Budge’s tax obligations arising from vesting restricted stock units.
What is Section 16b-3(e) treatment in the Hinge Health (HNGE) Form 4 footnote?
The footnote describes an exempt transaction under Section 16b-3(e). Shares were delivered or withheld to pay tax liabilities from vesting restricted stock units, and all 9,986 shares reported as disposed were cancelled in exchange for Hinge Health paying the CFO’s tax withholding obligations.