Hinge Health chair sells 83,334 shares in 10b5-1 plan
Hinge Health, Inc. executive chairman and co-founder Gabriel M.I.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Hinge Health, Inc. executive chairman and co-founder Gabriel M.I. Mecklenburg reported mixed insider activity that combines a derivative conversion with open-market sales of Class A Common Stock. On June 1, 2026, he converted 83,334 shares of Class B Common Stock into the same number of Class A shares and then sold 83,334 Class A shares in multiple open-market trades under a pre-arranged Rule 10b5-1 trading plan. The reported sale prices ranged from the mid‑$50s to low‑$60s per share, including trades around $55.21 to $62.07. Following these transactions, he held 83,334 Class A shares directly, along with indirect holdings of Class B Common Stock through a family trust and a GRAT that are convertible into 383,592 and 857,880 Class A shares, respectively.
Insights
Pre-planned sales offset by retained multi-class holdings, net effect appears routine.
The filing shows Gabriel M.I. Mecklenburg converting 83,334 Class B shares into Class A and selling 83,334 Class A shares on June 1, 2026. All reported sales were executed under a pre-arranged Rule 10b5-1 trading plan, indicating the timing was scheduled in advance.
Sale prices span weighted-average ranges with lows from $55.21 to highs up to $62.07, suggesting execution across several price brackets during the day. The transactionSummary characterizes this as a net-sell of 83,334 shares, paired with a derivative conversion of the same amount.
Post-transaction, Mecklenburg still holds 83,334 Class A shares directly and substantial Class B positions through a family trust and a GRAT, convertible into 383,592 and 857,880 Class A shares. With no earnings or company-operational data attached, this looks like routine liquidity management rather than a thesis-changing event.
Insider Trade Summary 10b5-1
Exercise and Sale: 83,334 shares ($5.02M approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
Mecklenburg Gabriel M.I.
Role
Director
Sold
83,334 shs ($5.02M)
Approx. gross sale proceeds
$5.02M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$5.02M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 83,334 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 83,334 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 1,200 | $55.7421 | $67K |
| Sale | Class A Common Stock | 2,542 | $56.9692 | $145K |
| Sale | Class A Common Stock | 4,258 | $57.6717 | $246K |
| Sale | Class A Common Stock | 14,285 | $58.9423 | $842K |
| Sale | Class A Common Stock | 6,853 | $60.1936 | $413K |
| Sale | Class A Common Stock | 48,596 | $60.93 | $2.96M |
| Sale | Class A Common Stock | 5,600 | $61.6801 | $345K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,777,341 contracts (Direct);
Class A Common Stock — 0 shares (Direct);
Class B Common Stock — 857,880 contracts (Indirect, By GRAT);
Class B Common Stock — 383,592 contracts (Indirect, By Family Trust)
Footnotes (10)
- F1. The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2025.
- F2. Represents the weighted average sale price. The lowest price at which shares were sold was $55.21 and the highest price at which shares were sold was $55.82. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F3. Represents the weighted average sale price. The lowest price at which shares were sold was $56.38 and the highest price at which shares were sold was $57.37. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F4. Represents the weighted average sale price. The lowest price at which shares were sold was $57.38 and the highest price at which shares were sold was $58.29. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F5. Represents the weighted average sale price. The lowest price at which shares were sold was $58.41 and the highest price at which shares were sold was $59.32. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F6. Represents the weighted average sale price. The lowest price at which shares were sold was $59.52 and the highest price at which shares were sold was $60.51. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F7. Represents the weighted average sale price. The lowest price at which shares were sold was $60.52 and the highest price at which shares were sold was $61.51. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F8. Represents the weighted average sale price. The lowest price at which shares were sold was $61.52 and the highest price at which shares were sold was $62.07. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
- F9. 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.
- F10. Excludes 944,250 performance stock units held by the Reporting Person.
Key Figures
Shares sold: 83,334 shares
Shares converted: 83,334 shares
Price range low: $55.21/share
+5 more
8 metrics
Shares sold
83,334 shares
Class A Common Stock sold in open-market trades on June 1, 2026
Shares converted
83,334 shares
Class B Common Stock converted into Class A on June 1, 2026
Price range low
$55.21/share
Lowest price in disclosed sale ranges, weighted-average footnote
Price range high
$62.07/share
Highest price in disclosed sale ranges, weighted-average footnote
Direct Class A holding
83,334 shares
Total Class A Common Stock held directly after transactions
Family trust convertible holding
383,592 shares
Class B shares convertible into Class A via family trust
GRAT convertible holding
857,880 shares
Class B shares convertible into Class A via GRAT
Excluded performance stock units
944,250 units
Performance stock units held, excluded from share tables
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Class B Common Stock, Class A Common Stock, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold was $55.21 and the highest price at which shares were sold was $55.82."
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder."
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.
performance stock units financial
"Excludes 944,250 performance stock units held by the Reporting Person."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
GRAT financial
"transaction entry notes indirect ownership "By GRAT" of Class B Common Stock convertible into Class A shares."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HNGE executive Gabriel Mecklenburg report on June 1, 2026?
Gabriel Mecklenburg reported converting 83,334 shares of Class B Common Stock into Class A and selling 83,334 Class A shares. The sales were executed in multiple open-market trades on June 1, 2026, as disclosed in the Form 4 insider filing.
What does the Form 4 say about Gabriel Mecklenburg’s remaining derivative or convertible HNGE interests?
The derivative summary lists Class B Common Stock positions, each convertible into Class A at a 1:1 ratio. These indirect holdings correspond to 383,592 and 857,880 underlying Class A shares, providing significant ongoing equity exposure alongside his remaining direct Class A stake.
Does the HNGE Form 4 mention performance stock units held by Gabriel Mecklenburg?
Yes. A footnote notes that the reported figures exclude 944,250 performance stock units held by the reporting person. These units represent additional potential equity-based compensation that is not included in the share counts disclosed in the main transaction tables.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates