Perez Daniel Antonio 4

What Happened

• Daniel Antonio Perez, a 10% owner of Hinge Health (HNGE), converted 166,665 derivative shares into common stock and sold 166,665 shares in an open-market transaction on February 12, 2026. The weighted-average sale price was $40.26, generating proceeds of approximately $6,710,516. The conversion was reported at $0.00 (no cash paid) and the resulting shares were disposed the same day.

Key Details

• Transaction date: February 12, 2026
• Sale: 166,665 shares sold; weighted-average price $40.26; total proceeds ≈ $6,710,516
• Price range: shares sold between $40.00 and $40.88 (weighted average reported; seller offers to provide per-price detail on request) [F2]
• Conversion: 166,665 derivative/Class B shares converted into Class A common stock (reported at $0.00) prior to/along with the sale [F3]
• Plan/authorization: Sales were effected under a Rule 10b5-1 trading plan adopted Sept 11, 2025 [F1]
• Shares owned after transaction: filing does not state total shares owned after the sale; filing notes exclusion of 4,721,252 performance stock units held by Perez [F4]
• Filing timeliness: no late filing indicated in the report

Context

• This was a planned sale by a 10% owner under a pre-established 10b5-1 plan, which is typically used to schedule routine dispositions and does not by itself indicate a change in the insider’s view of the company. The transaction involved conversion of convertible (Class B) shares into Class A shares and immediate sale of those shares. For retail investors, purchases typically carry more informational weight than planned sales; this filing documents a routine monetization of equity by a large shareholder.