Insight Holdings Group, LLC 4

What Happened
Insight Holdings Group, LLC (a reported 10% owner) converted derivative securities into 530,982 Hinge Health common shares on June 25, 2026, and sold those shares in multiple open‑market transactions the same day. The sales were executed at prices between $71.59 and $73.19 per share for aggregate proceeds of approximately $38.14 million.

Key Details

• Transaction date: June 25, 2026 (Form filed June 29, 2026).
• Sales: 530,982 shares sold in multiple blocks at $71.59–$73.19; total proceeds ≈ $38,137,010.
• Conversions: 4 derivative conversions totaling 530,982 shares (reported both as acquisitions and as derivative disposals in the filing).
• Shares owned after transaction: Not disclosed in this Form 4 (see filing exhibits).
• Footnotes/Exhibits: Multiple footnotes refer to Exhibit 99.1 for details.
• Filing timeliness: Filed on 6/29 for 6/25 transactions — appears timely (meets the SEC two-business-day reporting window).
• Filing logistics: This is the first of two Form 4s covering the event; filings were split because Table I exceeded EDGAR’s 30-row limit.

Context

• The filing shows a derivative conversion followed by immediate open-market sales (i.e., converted shares were sold the same day). That pattern is common for transactions involving convertible securities or exercises where the holder monetizes the underlying shares.
• As a 10% owner, Insight Holdings is an institutional/large holder — this is not an executive (officer/director) trade. Institutional sales can be for portfolio or liquidity reasons and don’t necessarily indicate management sentiment.