Insight funds convert and sell 426K Hinge Health shares

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.

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.

Insights

Institutional ownership analyst

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

Exercise and Sale: 426,171 shares ($38.45M approx. pre-tax spread)

Exercise and Sale 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)

Approx. gross sale proceeds $38.45M

Approx. exercise cost $0.00

Approx. pre-tax spread $38.45M

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock	90,640	$0.00	$0.00
Conversion	Class B Common Stock	2,156	$0.00	$0.00
Conversion	Class B Common Stock	74,325	$0.00	$0.00
Conversion	Class B Common Stock	14,378	$0.00	$0.00
Conversion	Class A Common Stock	90,640	$0.00	$0.00
Conversion	Class A Common Stock	2,156	$0.00	$0.00
Conversion	Class A Common Stock	74,325	$0.00	$0.00
Conversion	Class A Common Stock	14,378	$0.00	$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	$0.00
Conversion	Class B Common Stock	2,907	$0.00	$0.00
Conversion	Class B Common Stock	100,195	$0.00	$0.00
Conversion	Class B Common Stock	19,382	$0.00	$0.00
Conversion	Class A Common Stock	122,188	$0.00	$0.00
Conversion	Class A Common Stock	2,907	$0.00	$0.00
Conversion	Class A Common Stock	100,195	$0.00	$0.00
Conversion	Class A Common Stock	19,382	$0.00	$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 — 6,015,659 contracts (Indirect, See footnotes); Class A Common Stock — 0 shares (Indirect, See footnotes)

Footnotes (12)

1. F1. See Exhibit 99.1
2. F2. See Exhibit 99.1
3. F3. See Exhibit 99.1
4. F4. See Exhibit 99.1
5. F5. See Exhibit 99.1
6. F6. See Exhibit 99.1
7. F7. See Exhibit 99.1
8. F8. See Exhibit 99.1
9. F9. See Exhibit 99.1
10. F10. See Exhibit 99.1
11. F11. See Exhibit 99.1
12. F12. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Hinge Health (HNGE) shares were sold and at what prices?

Insight-affiliated reporting persons sold 426,171 Class A shares of Hinge Health, Inc. in open-market transactions at prices around $90.17 to $91.00 per share, based on the detailed transaction rows.

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.

Did Insight-affiliated holders make net purchases or sales of HNGE shares?

According to the transaction summary, the Insight-affiliated reporting persons had a net-sell direction, with sellShares of 426,171 and exerciseShares of 426,171, reflecting conversions followed by sales.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 07/09/2026 - 09:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Insight Holdings Group, LLC

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hinge Health, Inc. [ HNGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/07/2026		C		122,188	A	(8)	122,188	I	See footnotes(1)(6)(7)
Class A Common Stock	07/07/2026		C		2,907	A	(8)	2,907	I	See footnotes(2)(6)(7)
Class A Common Stock	07/07/2026		C		100,195	A	(8)	100,195	I	See footnotes(3)(6)(7)
Class A Common Stock	07/07/2026		C		19,382	A	(8)	19,382	I	See footnotes(4)(6)(7)
Class A Common Stock	07/07/2026		S(12)		122,188	D	$90.2263(9)	0	I	See footnotes(1)(6)(7)
Class A Common Stock	07/07/2026		S(12)		2,907	D	$90.2263(9)	0	I	See footnotes(2)(6)(7)
Class A Common Stock	07/07/2026		S(12)		100,195	D	$90.2263(9)	0	I	See footnotes(3)(6)(7)
Class A Common Stock	07/07/2026		S(12)		19,382	D	$90.2263(9)	0	I	See footnotes(4)(6)(7)
Class A Common Stock	07/09/2026		C		90,640	A	(8)	90,640	I	See footnotes(1)(6)(7)
Class A Common Stock	07/09/2026		C		2,156	A	(8)	2,156	I	See footnotes(2)(6)(7)
Class A Common Stock	07/09/2026		C		74,325	A	(8)	74,325	I	See footnotes(3)(6)(7)
Class A Common Stock	07/09/2026		C		14,378	A	(8)	14,378	I	See footnotes(4)(6)(7)
Class A Common Stock	07/09/2026		S(12)		87,848	D	$90.174(10)	2,792	I	See footnotes(1)(6)(7)
Class A Common Stock	07/09/2026		S(12)		2,090	D	$90.174(10)	66	I	See footnotes(2)(6)(7)
Class A Common Stock	07/09/2026		S(12)		72,036	D	$90.174(10)	2,289	I	See footnotes(3)(6)(7)
Class A Common Stock	07/09/2026		S(12)		13,935	D	$90.174(10)	443	I	See footnotes(4)(6)(7)
Class A Common Stock	07/09/2026		S(12)		2,792	D	$91(11)	0	I	See footnotes(1)(6)(7)
Class A Common Stock	07/09/2026		S(12)		66	D	$91(11)	0	I	See footnotes(2)(6)(7)
Class A Common Stock	07/09/2026		S(12)		2,289	D	$91(11)	0	I	See footnotes(3)(6)(7)
Class A Common Stock	07/09/2026		S(12)		443	D	$91(11)	0	I	See footnotes(4)(6)(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(8)	07/07/2026		C			122,188	(8)	(8)	Class A Common Stock	122,188	(5)	3,094,820	I	See footnotes(1)(6)(7)
Class B Common Stock	(8)	07/07/2026		C			2,907	(8)	(8)	Class A Common Stock	2,907	(5)	73,638	I	See footnotes(2)(6)(7)
Class B Common Stock	(8)	07/07/2026		C			100,195	(8)	(8)	Class A Common Stock	100,195	(5)	2,537,790	I	See footnotes(3)(6)(7)
Class B Common Stock	(8)	07/07/2026		C			19,382	(8)	(8)	Class A Common Stock	19,382	(5)	490,910	I	See footnotes(4)(6)(7)
Class B Common Stock	(8)	07/09/2026		C			90,640	(8)	(8)	Class A Common Stock	90,640	(5)	3,004,180	I	See footnotes(1)(6)(7)
Class B Common Stock	(8)	07/09/2026		C			2,156	(8)	(8)	Class A Common Stock	2,156	(5)	71,482	I	See footnotes(2)(6)(7)
Class B Common Stock	(8)	07/09/2026		C			74,325	(8)	(8)	Class A Common Stock	74,325	(5)	2,463,465	I	See footnotes(3)(6)(7)
Class B Common Stock	(8)	07/09/2026		C			14,378	(8)	(8)	Class A Common Stock	14,378	(5)	476,532	I	See footnotes(4)(6)(7)

1. Name and Address of Reporting Person^*

Insight Holdings Group, LLC

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Associates X, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Associates X, Ltd.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners (Cayman) X, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners (Delaware) X, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners X (Co-Investors), L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners X, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1

2. See Exhibit 99.1

3. See Exhibit 99.1

4. See Exhibit 99.1

5. See Exhibit 99.1

6. See Exhibit 99.1

7. See Exhibit 99.1

8. See Exhibit 99.1

9. See Exhibit 99.1

10. See Exhibit 99.1

11. See Exhibit 99.1

12. See Exhibit 99.1

	Insight Venture Partners X, L.P., By: Insight Venture Associates X, L.P., its general partner, By: Insight Venture Associates X, Ltd., its general partner, By: /s/ Andrew Prodromos/Authorized Officer	07/09/2026
	Insight Venture Partners (Cayman) X, L.P., By: Insight Venture Associates X, L.P., its general partner, By: Insight Venture Associates X, Ltd., its general partner, By: /s/ Andrew Prodromos/Authorized Officer	07/09/2026
	Insight Venture Partners (Delaware) X, L.P., By: Insight Venture Associates X, L.P., its general partner, By: Insight Venture Associates X, Ltd., its general partner, By: /s/ Andrew Prodromos/Authorized Officer	07/09/2026
	Insight Venture Partners X (Co-Investors), L.P., By: Insight Venture Associates X, L.P., its general partner, By: Insight Venture Associates X, Ltd., its general partner, By: /s/ Andrew Prodromos/Authorized Officer	07/09/2026
	Insight Holdings Group, LLC, By: /s/ Andrew Prodromos/Attorney-in-Fact	07/09/2026
	Insight Venture Associates X Ltd., By: /s/ Andrew Prodromos/Authorized Officer	07/09/2026
	Insight Venture Associates X, L.P., By: Insight Venture Associates X, Ltd., its general partner, By: /s/ Andrew Prodromos/Authorized Officer	07/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)