STOCK TITAN

Insight funds (NASDAQ: HNGE) convert 1.47M Class B into Class A, then sell

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hinge Health, Inc. disclosed that investment entities affiliated with Insight, reported as ten percent owners, completed a large convert-and-sell transaction in the company’s Class A Common Stock. They converted 1,466,667 Class B shares into Class A and then sold the same number in multiple open-market trades at prices between roughly $81.31 and $84.59 per share, resulting in a net sale of 1,466,667 shares and no remaining derivative position from this block.

Positive

  • None.

Negative

  • None.

Insights

Insight-affiliated funds converted and sold 1.47M HNGE shares in a net-sell transaction.

Affiliated Insight funds, disclosed as ten percent owners of Hinge Health, Inc., converted 1,466,667 Class B Common Stock shares into Class A Common Stock and sold the entire amount in open-market trades. Sale prices ranged from about $81.305 to $84.59 per share.

This pattern is a classic exercise-or-conversion-and-sell event: the derivative Class B position was converted and fully exited, with no remaining derivative holdings shown. The filing does not quantify the funds’ overall ownership stake after these trades, so the scale is visible only for this specific block.

The transactions are economically meaningful in absolute terms, but their impact on the company’s overall float or Insight’s total ownership cannot be gauged from this information alone. Future company disclosures or ownership filings would provide additional context on remaining holdings and any broader change in control or influence.

Insider Insight Holdings Group, LLC, Insight Venture Associates X, L.P., Insight Venture Associates X, Ltd., Insight Venture Partners X, L.P., Insight Venture Partners (Cayman) X, L.P., Insight Venture Partners (Delaware) X, L.P., Insight Venture Partners X (Co-Investors), L.P.
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 1,466,667 shs ($121.49M)
Type Security Shares Price Value
Conversion Class A Common Stock 732,444 $0.00 --
Conversion Class A Common Stock 17,427 $0.00 --
Conversion Class A Common Stock 600,613 $0.00 --
Conversion Class A Common Stock 116,183 $0.00 --
Sale Class A Common Stock 216,787 $81.305 $17.63M
Sale Class A Common Stock 5,158 $81.305 $419K
Sale Class A Common Stock 177,768 $81.305 $14.45M
Sale Class A Common Stock 34,387 $81.305 $2.80M
Sale Class A Common Stock 72,672 $82.0479 $5.96M
Sale Class A Common Stock 1,729 $82.0479 $142K
Sale Class A Common Stock 59,592 $82.0479 $4.89M
Sale Class A Common Stock 11,528 $82.0479 $946K
Sale Class A Common Stock 162,965 $83.1765 $13.55M
Sale Class A Common Stock 3,877 $83.1765 $322K
Sale Class A Common Stock 133,633 $83.1765 $11.12M
Sale Class A Common Stock 25,850 $83.1765 $2.15M
Sale Class A Common Stock 279,671 $84.0207 $23.50M
Sale Class A Common Stock 6,654 $84.0207 $559K
Sale Class A Common Stock 229,334 $84.0207 $19.27M
Sale Class A Common Stock 44,363 $84.0207 $3.73M
Sale Class A Common Stock 349 $84.59 $30K
Sale Class A Common Stock 9 $84.59 $761.31
Sale Class A Common Stock 286 $84.59 $24K
Sale Class A Common Stock 55 $84.59 $5K
Conversion Class B Common Stock 732,444 $0.00 --
Conversion Class B Common Stock 17,427 $0.00 --
Conversion Class B Common Stock 600,613 $0.00 --
Conversion Class B Common Stock 116,183 $0.00 --
Holdings After Transaction: Class A Common Stock — 732,444 shares (Indirect, See footnotes); Class B Common Stock — 3,217,008 shares (Indirect, See footnotes)
Footnotes (1)
  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 See Exhibit 99.1 See Exhibit 99.1
Shares sold 1,466,667 shares Total Class A shares sold in open-market trades
Shares converted 1,466,667 shares Class B Common Stock converted into Class A
Highest sale price $84.59 per share Open-market sale price for Class A on transaction date
Lowest sale price $81.305 per share Lowest reported open-market sale price in the series
Sell transactions 20 transactions Number of non-derivative open-market sale entries
Conversion transactions 8 transactions Total derivative and non-derivative conversion entries
Net share direction 1,466,667 net shares sold NetBuySellShares value from transaction summary
open-market sale financial
"transaction_action": "open-market sale""
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.
Class B Common Stock financial
"security_title": "Class B Common Stock""
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.
derivative conversion financial
"transaction_action": "derivative conversion""
ten percent owner regulatory
"is_ten_percent_owner": 1"
indirect ownership regulatory
"ownership_type": "indirect""
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FAQ

What did Insight-affiliated funds do in this Hinge Health (HNGE) Form 4 filing?

Affiliated Insight funds converted and sold shares of Hinge Health. They converted 1,466,667 Class B Common Stock shares into Class A, then sold the same number in open-market trades, fully exiting this specific Class B-derived block.

How many Hinge Health (HNGE) shares were sold by the Insight entities and at what prices?

Insight-affiliated entities sold 1,466,667 Hinge Health Class A shares. The open-market sale prices ranged from about $81.305 to $84.59 per share, executed across multiple transactions on the same reported trade date.

What type of securities did the Insight entities convert in Hinge Health (HNGE)?

They converted Hinge Health Class B Common Stock into Class A Common Stock. In total, 1,466,667 Class B shares were converted, with corresponding non-derivative entries showing receipt of the same number of Class A shares before the subsequent open-market sales.

Are the Insight entities considered insiders or major shareholders of Hinge Health (HNGE)?

Yes. The filing identifies multiple Insight investment entities as ten percent owners of Hinge Health. This status requires them to report transactions on Form 4, including the conversions and open-market sales disclosed in this filing.

Did the Insight entities retain any derivative position after these Hinge Health (HNGE) transactions?

The filing’s derivative summary is empty after the reported conversions. This indicates the Class B Common Stock derivative positions tied to the 1,466,667 converted shares no longer remain outstanding following the transactions.
SEC Form 4
FORM 4UNITED 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
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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/29/2026C732,444A(8)732,444ISee footnotes(1)(6)(7)
Class A Common Stock06/29/2026C17,427A(8)17,427ISee footnotes(2)(6)(7)
Class A Common Stock06/29/2026C600,613A(8)600,613ISee footnotes(3)(6)(7)
Class A Common Stock06/29/2026C116,183A(8)116,183ISee footnotes(4)(6)(7)
Class A Common Stock06/29/2026S(14)216,787D$81.305(9)515,657ISee footnotes(1)(6)(7)
Class A Common Stock06/29/2026S(14)5,158D$81.305(9)12,269ISee footnotes(2)(6)(7)
Class A Common Stock06/29/2026S(14)177,768D$81.305(9)422,845ISee footnotes(3)(6)(7)
Class A Common Stock06/29/2026S(14)34,387D$81.305(9)81,796ISee footnotes(4)(6)(7)
Class A Common Stock06/29/2026S(14)72,672D$82.0479(10)442,985ISee footnotes(1)(6)(7)
Class A Common Stock06/29/2026S(14)1,729D$82.0479(10)10,540ISee footnotes(2)(6)(7)
Class A Common Stock06/29/2026S(14)59,592D$82.0479(10)363,253ISee footnotes(3)(6)(7)
Class A Common Stock06/29/2026S(14)11,528D$82.0479(10)70,268ISee footnotes(4)(6)(7)
Class A Common Stock06/29/2026S(14)162,965D$83.1765(11)280,020ISee footnotes(1)(6)(7)
Class A Common Stock06/29/2026S(14)3,877D$83.1765(11)6,663ISee footnotes(2)(6)(7)
Class A Common Stock06/29/2026S(14)133,633D$83.1765(11)229,620ISee footnotes(3)(6)(7)
Class A Common Stock06/29/2026S(14)25,850D$83.1765(11)44,418ISee footnotes(4)(6)(7)
Class A Common Stock06/29/2026S(14)279,671D$84.0207(12)349ISee footnotes(1)(6)(7)
Class A Common Stock06/29/2026S(14)6,654D$84.0207(12)9ISee footnotes(2)(6)(7)
Class A Common Stock06/29/2026S(14)229,334D$84.0207(12)286ISee footnotes(3)(6)(7)
Class A Common Stock06/29/2026S(14)44,363D$84.0207(12)55ISee footnotes(4)(6)(7)
Class A Common Stock06/29/2026S(14)349D$84.59(13)0ISee footnotes(1)(6)(7)
Class A Common Stock06/29/2026S(14)9D$84.59(13)0ISee footnotes(2)(6)(7)
Class A Common Stock06/29/2026S(14)286D$84.59(13)0ISee footnotes(3)(6)(7)
Class A Common Stock06/29/2026S(14)55D$84.59(13)0ISee 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock(8)06/25/2026C732,444 (8) (8)Class A Common Stock732,444(5)3,217,008ISee footnotes(1)(6)(7)
Class B Common Stock(8)06/25/2026C17,427 (8) (8)Class A Common Stock17,427(5)76,545ISee footnotes(2)(6)(7)
Class B Common Stock(8)06/25/2026C600,613 (8) (8)Class A Common Stock600,613(5)2,637,985ISee footnotes(3)(6)(7)
Class B Common Stock(8)06/25/2026C116,183 (8) (8)Class A Common Stock116,183(5)510,292ISee 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
DirectorX10% 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
13. See Exhibit 99.1
14. See Exhibit 99.1
Remarks:
This Form 4 is the second of two Form 4s filed relating to the same event. The Form 4 has been split into two filings because there are more than 30 rows in Table I, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 30 rows in Table I. Each Form 4 is filed by Designated Filer, Insight Holdings Group, LLC.
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 Officer06/29/2026
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 Officer06/29/2026
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 Officer06/29/2026
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 Officer06/29/2026
Insight Holdings Group, LLC, By: /s/ Andrew Prodromos/Attorney-in-Fact06/29/2026
Insight Venture Associates X Ltd., By: /s/ Andrew Prodromos/Authorized Officer06/29/2026
Insight Venture Associates X, L.P., By: Insight Venture Associates X, Ltd., its general partner, By: /s/ Andrew Prodromos/Authorized Officer06/29/2026
** Signature of Reporting PersonDate
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)