Budge James 4
Research Summary
AI-generated summary
Hinge Health CFO James Budge Surrenders 4,614 Shares for Tax Withholding
What Happened
- James Budge, Chief Financial Officer of Hinge Health (HNGE), had 4,614 shares relinquished and cancelled by the company on April 1, 2026 to cover federal and state tax withholding obligations tied to vested restricted stock units. The shares were recorded at $38.56 each, for a total value of $177,916. This was a tax-withholding disposition (routine), not an open-market sale.
Key Details
- Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-01.
- Disposed: 4,614 shares at $38.56 per share; total value reported $177,916.
- Transaction code: F — payment of exercise price or tax liability by delivering or withholding securities.
- Footnote: Exempt under Section 16b-3(e). Shares were relinquished and cancelled in exchange for the issuer's agreement to pay the reporting person’s federal and state tax withholding arising from RSU vesting.
- Shares owned after the transaction: Not specified in the provided filing details.
- Filing timeliness: Filing date matches the transaction date; no late filing indicated in the provided record.
Context
- This was a tax-withholding action tied to RSU vesting (a common, administrative disposition). Such withholding/surrender transactions are routine and do not necessarily indicate the insider’s view on company stock price.