Hinge Health (HNGE): Insight funds convert derivatives, sell 426,171 Class A shares around $90
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insight Holdings Group, LLC and affiliated Insight Venture funds, as ten percent owners of Hinge Health, Inc., reported a coordinated sequence of derivative conversions and open-market sales of Class A Common Stock on July 7 and July 9, 2026. The group converted derivative positions into an aggregate 426,171 Class A shares and sold the same number of shares in open-market transactions at prices around $90–$91 per share, according to the transaction data. The transactions are reported as indirect holdings, with further ownership details referenced in Exhibit 99.1.
Positive
- None.
Negative
- None.
Insights
Large Insight funds converted and sold 426,171 Hinge Health shares.
Reporting entities affiliated with Insight Holdings Group, LLC and several Insight Venture funds, all listed as ten percent owners, converted derivative positions into 426,171 Class A Common shares of Hinge Health, Inc. and sold the same amount in open-market trades. Sale prices clustered around $90.17–$91.00 per share on July 7, 2026 and July 9, 2026.
The pattern is a classic convert-and-sell sequence: derivative Class B interests were converted (code C) into Class A shares, which were then disposed of via sales (code S). The filing’s transaction summary characterizes this as a net-sell of 426,171 shares, with no offsetting open-market purchases. Because the positions are held indirectly through fund entities and details are deferred to Exhibit 99.1, the activity reflects portfolio-level decisions by these investment vehicles rather than personal trading by an individual executive.
Insider Trade Summary 10b5-1
Net Seller: 426,171 shares ($38,446,957)
Net Sell
28 txns
Insider
Insight Holdings Group, LLC, Insight Venture Associates X, L.P., Insight Venture Associates X, Ltd., Insight Venture Partners (Cayman) X, L.P., Insight Venture Partners (Delaware) X, L.P., Insight Venture Partners X (Co-Investors), L.P., Insight Venture Partners X, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
426,171 shs ($38.45M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 90,640 | $0.00 | -- |
| Conversion | Class B Common Stock | 2,156 | $0.00 | -- |
| Conversion | Class B Common Stock | 74,325 | $0.00 | -- |
| Conversion | Class B Common Stock | 14,378 | $0.00 | -- |
| Conversion | Class A Common Stock | 90,640 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,156 | $0.00 | -- |
| Conversion | Class A Common Stock | 74,325 | $0.00 | -- |
| Conversion | Class A Common Stock | 14,378 | $0.00 | -- |
| Sale | Class A Common Stock | 87,848 | $90.174 | $7.92M |
| Sale | Class A Common Stock | 2,090 | $90.174 | $188K |
| Sale | Class A Common Stock | 72,036 | $90.174 | $6.50M |
| Sale | Class A Common Stock | 13,935 | $90.174 | $1.26M |
| Sale | Class A Common Stock | 2,792 | $91.00 | $254K |
| Sale | Class A Common Stock | 66 | $91.00 | $6K |
| Sale | Class A Common Stock | 2,289 | $91.00 | $208K |
| Sale | Class A Common Stock | 443 | $91.00 | $40K |
| Conversion | Class B Common Stock | 122,188 | $0.00 | -- |
| Conversion | Class B Common Stock | 2,907 | $0.00 | -- |
| Conversion | Class B Common Stock | 100,195 | $0.00 | -- |
| Conversion | Class B Common Stock | 19,382 | $0.00 | -- |
| Conversion | Class A Common Stock | 122,188 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,907 | $0.00 | -- |
| Conversion | Class A Common Stock | 100,195 | $0.00 | -- |
| Conversion | Class A Common Stock | 19,382 | $0.00 | -- |
| Sale | Class A Common Stock | 122,188 | $90.2263 | $11.02M |
| Sale | Class A Common Stock | 2,907 | $90.2263 | $262K |
| Sale | Class A Common Stock | 100,195 | $90.2263 | $9.04M |
| Sale | Class A Common Stock | 19,382 | $90.2263 | $1.75M |
Holdings After Transaction:
Class B Common Stock — 3,004,180 shares (Indirect, See footnotes);
Class A Common Stock — 90,640 shares (Indirect, See footnotes)
Footnotes (1)
- See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1
Key Figures
Shares sold: 426,171 shares
Shares converted: 426,171 shares
Sale price high: $91.0000 per share
+5 more
8 metrics
Shares sold
426,171 shares
Aggregate Class A shares sold in open-market transactions reported in the transaction summary
Shares converted
426,171 shares
Aggregate Class A shares acquired via derivative conversions (exerciseShares) in transaction summary
Sale price high
$91.0000 per share
Price for several Class A open-market sales on July 9, 2026
Sale price mid
$90.2263 per share
Price for multiple Class A open-market sales on July 7, 2026
Sale price low
$90.1740 per share
Price for several Class A open-market sales on July 9, 2026
Sell transactions
12
Number of sell (code S) entries in transaction summary
Conversion transactions
8
Number of derivative exercise or conversion entries (exerciseCount) in transaction summary
Net buy/sell direction
net-sell
Overall direction of share activity in transactionSummary
Key Terms
open-market sale, derivative security, ten percent owner, Class B Common Stock, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for multiple Class A Common Stock transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description: "Conversion of derivative security" for Class B Common Stock"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
ten percent owner regulatory
"reportingPersons entries list is_ten_percent_owner: 1 for each Insight entity"
Class B Common Stock financial
"security_title: "Class B Common Stock" in derivative conversion rows"
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.
indirect ownership financial
"ownership_type: "indirect" and ownership_code: "I" on all transactions"
FAQ
What did Insight-affiliated holders report in this Form 4 for HNGE?
They reported conversions of derivative holdings into 426,171 Class A shares of Hinge Health, Inc. and open-market sales of the same 426,171 shares on July 7 and July 9, 2026.
What transaction codes were used in the HNGE Form 4 by Insight entities?
The filing lists code S for open-market or private sale transactions of Class A Common Stock and code C for conversion of derivative securities, including Class B Common Stock converting into Class A Common Stock.
Were the HNGE transactions by Insight Holdings direct or indirect ownership?
All reported transactions are marked as indirect ownership with the notation “See footnotes,” indicating the shares are held through related entities described in Exhibit 99.1, rather than directly by a single reporting person.
What types of Hinge Health stock were involved in this Insight Form 4?
The Form 4 shows transactions in Class A Common Stock for sales and post-conversion holdings, and in Class B Common Stock as derivative securities converted (code C) into Class A Common Stock on the same dates.