Hinge Health (NASDAQ: HNGE) president surrenders 831 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hinge Health, Inc. President James Pursley reported a small, exempt tax-withholding transaction involving 831 shares of Class A Common Stock. These shares were relinquished and cancelled so the company could pay his federal and state tax obligations arising from the vesting of restricted stock units, as permitted under Section 16b-3(e). Following this non-market disposition, Pursley directly holds 740,066 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pursley James
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 831 | $83.00 | $69K |
Holdings After Transaction:
Class A Common Stock — 740,066 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares relinquished for tax withholding: 831 shares
Price per share used in transaction: $83.00 per share
Shares held after transaction: 740,066 shares
3 metrics
Shares relinquished for tax withholding
831 shares
Tax-withholding disposition on Class A Common Stock
Price per share used in transaction
$83.00 per share
Value applied to tax-withholding disposition
Shares held after transaction
740,066 shares
Direct ownership of Class A Common Stock post-transaction
Key Terms
Class A Common Stock, Section 16b-3(e), restricted stock units, tax withholding obligations
4 terms
Class A Common Stock financial
"reported a small, exempt tax-withholding transaction involving 831 shares of 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.
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
"in exchange for the Issuer's agreement to pay federal and state tax withholding obligations"
FAQ
What did HNGE President James Pursley report in this Form 4?
James Pursley reported relinquishing 831 shares of Hinge Health Class A Common Stock. The shares were cancelled in exchange for the company paying his tax withholding obligations from vested restricted stock units.
How is the HNGE Form 4 transaction classified under SEC rules?
The transaction is coded F, an exempt event under Section 16b-3(e). It reflects payment of exercise price or tax liability by delivering or withholding securities incident to the vesting of equity awards.