Insight Holdings Group, LLC 4

What Happened
Insight Holdings Group, LLC (identified as a 10% owner) converted derivative securities into 65,581 Hinge Health (HNGE) common shares on June 16, 2026, and immediately sold those shares in the open market at $70.36 per share. The four separate sale lots (32,751; 779; 26,856; 5,195 shares) generated total gross proceeds of approximately $4,614,252. The conversion entries are reported with no per-share acquisition price (marked N/A), consistent with a derivative-to-common conversion.

Key Details

• Transaction date: 2026-06-16; Filing date: 2026-06-18 (appears timely under Form 4 rules).
• Sale price: $70.36 per share. Total disposed: 65,581 shares for ~$4,614,252.
• Conversion: Four derivative-to-common conversions of 32,751; 779; 26,856; and 5,195 shares (acquisition price N/A).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes: Several footnotes reference Exhibit 99.1 for explanations; Exhibit 99.2 contains joint filers’ signatures.
• Insider type: 10% owner (institutional investor), not an executive officer or director.

Context
The filing shows a conversion of derivative securities (e.g., warrants/options or other convertible instruments) into common shares followed by immediate sale — often reported as a conversion plus subsequent disposition. Because Insight Holdings is a 10% owner (an institutional holder), this is institutional selling rather than insider executive trading; filings by large holders can be routine portfolio or liquidity transactions. The Form 4 provides facts but does not state motives; see Exhibit 99.1 for detailed explanations attached to the filing.