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"
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.