Perez Daniel Antonio 4

What Happened

• Daniel Antonio Perez, a reported 10% owner of Hinge Health (HNGE), converted Class B common shares into Class A common shares and sold a total of 150,000 shares in open‑market transactions. On 2026-05-06 he converted and sold 104,544 shares (weighted avg sale price $55.09) for $5,759,162; on 2026-05-07 he converted and sold 45,456 shares (weighted avg sale price $55.05) for $2,502,366. Total proceeds were approximately $8,261,528. The sales were effected under a pre-existing Rule 10b5‑1 trading plan.

Key Details

• Transaction dates: 2026-05-06 (104,544 shares; Wtd avg $55.09; total $5,759,162) and 2026-05-07 (45,456 shares; Wtd avg $55.05; total $2,502,366).
• Price ranges: 5/6 sales ranged $55.00–$55.60; 5/7 sales ranged $55.00–$55.16 (per filing footnotes).
• Conversions: Class B → Class A conversions were recorded (each Class B converts 1:1 into Class A per the certificate of incorporation).
• Filing/timeliness: Form 4 was filed 2026-05-08 for trades on 5/06 and 5/07 — the filing appears timely.
• Shares owned after transaction: the filing provided no net post‑trade total; it notes 4,721,252 performance stock units are excluded from the reported holdings.
• Plan note: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted by Perez and his spouse on September 11, 2025.

Context

• These transactions represent planned disposition of shares by a large (10%) shareholder rather than an on‑the‑spot market sell; 10b5‑1 plans are pre-arranged and can limit inferences about the seller’s short‑term view of the company. The conversion entries reflect converting voting Class B shares into publicly tradable Class A shares before sale. Sales by insiders are common and, while noteworthy for size, do not alone indicate company performance.