Form 4: Hinge Health CFO Sells Shares for Tax Obligations

Hinge Health CFO James Budge disposed of 34,903 Class A Common Stock shares to cover tax liabilities from vested restricted stock units.

Summary

• Hinge Health Chief Financial Officer James Budge reported a disposition of 34,903 shares of Class A Common Stock on November 18, 2025.
• The transaction was an exempt payment of tax liability, where shares were delivered or withheld incident to the vesting of restricted stock units.
• The shares were valued at $40.84 per share for the purpose of covering federal and state tax withholding obligations.
• Following this transaction, James Budge beneficially owns 525,248 shares of Class A Common Stock.
• The reported beneficial ownership includes 781 shares of Class A Common Stock acquired on November 14, 2025, through the Issuer's employee stock purchase plan.
• The disposition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transaction.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations, which typically has a neutral impact on market sentiment.

Positives

• The acquisition of 781 shares through the employee stock purchase plan demonstrates continued participation in the company's equity programs.
• The disposition was for tax purposes, which is a routine and non-discretionary event associated with executive compensation, rather than a sale based on a change in investment sentiment.

Negatives

• A reduction of 34,903 shares in direct beneficial ownership by a key executive, even if for tax purposes, decreases their direct equity stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine event related to executive compensation and tax planning, and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal as this is a routine tax-related transaction, not a discretionary sale indicating a change in management's view of the company's prospects.
• Employees: The acquisition of shares through the employee stock purchase plan indicates continued participation in employee equity programs.

Key Dates

Keywords

Hinge Health, HNGE, Form 4, insider transaction, James Budge, CFO, stock disposition, tax withholding, restricted stock units, equity compensation, Rule 10b5-1