Hinge Health (HNGE) president relinquishes 831 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hinge Health, Inc. President James Pursley reported a routine tax-related share disposition. On this Form 4, 831 shares of Class A Common Stock were withheld and cancelled at a value of $38.56 per share to cover federal and state tax withholding from the vesting of restricted stock units. After this transaction, Pursley directly holds 731,273 shares of Hinge Health 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 | $38.56 | $32K |
Holdings After Transaction:
Class A Common Stock — 731,273 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 831 shares
Withholding share value: $38.56 per share
Shares held after transaction: 731,273 shares
3 metrics
Shares withheld for taxes
831 shares
Class A Common Stock disposed for tax withholding
Withholding share value
$38.56 per share
Value used for 831-share tax-withholding disposition
Shares held after transaction
731,273 shares
Direct Class A Common Stock holdings after withholding
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"
tax withholding obligations financial
"to pay federal and state tax withholding obligations of the Reporting Person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Hinge Health (HNGE) report for President James Pursley?
Hinge Health reported that President James Pursley had 831 Class A shares withheld and cancelled to cover tax obligations from restricted stock unit vesting, rather than executing an open-market sale. This is a routine compensation-related tax-withholding transaction disclosed on Form 4.
Was James Pursley’s Hinge Health (HNGE) transaction an open-market sale?
No. The Form 4 and footnote state the transaction was an exempt event under Section 16b-3(e), where 831 shares were relinquished and cancelled by the issuer solely to pay tax withholding obligations arising from the vesting of restricted stock units, not a discretionary market sale.