The cluster is sub-material and structurally linked to derivative exercises (zero-cost conversions to shares then sold) — it carries no bearish informational signal. Monitor the next earnings call for any underlying fundamental change, but this filing alone does not warrant a position adjustment.
Price Chart
Executive Summary
Insider cluster shows Hinge Health's President and the largest 10% owner (Insight Holdings Group) selling shares totaling $3.82M over a 7-day window ending June 22, 2026. The sales cluster at ~$70/share, near recent highs, and follow a pattern of derivative conversions and immediate open-market sales, suggesting cash-out of vested equity rather than reactive selling to negative news. Relative to Hinge Health's $5.5B market cap, the cluster value is ~0.07% — well below the 0.1% materiality threshold — and combined with nearly perfect historical prediction calibration on HNGE, this is a routine, non-informative cluster.
Key Financial Metrics
Key Facts
- Insight Holdings Group (10% owner) sold $8.56M after converting derivatives at $0 cost base — classic cash-out of option/exercise proceeds.
- President James sold $1.51M at $68.93 — proceeds are modest relative to market cap.
- Total cluster value of $3.82M represents ~0.07% of Hinge Health's $5.5B market cap — well below the 0.1% materiality floor for insider signals.
- All sales occurred within a 7-day window following derivative conversions (C-code), consistent with tax-motivated or plan-driven liquidity, not informed directional bets.
Financial Impact
$3.82M total insider sales, ~0.07% of market cap, all net selling
Risk Factors
- Insight Holdings sold ~$8.6M over three days after conversion — if they continue selling heavier volume, the cluster could escalate to material levels.
- President James sold ~$1.5M — one-off disposal, but if repeated at higher velocity it may signal concern.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HNGE-1782352620725 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $93.73 $94.45 | ▲ +0.77% | ▼ −2.07% | $97.24 (+3.74%) |
Sep 14, 2026 17d ago | Insider Cluster | $92.39 $94.90 | ▲ +2.72% | ▲ +1.90% | $97.24 (+5.25%) |
Sep 11, 2026 20d ago | Insider Cluster | $94.79 $94.45 | ▲ +0.36% | ▲ +2.02% | $97.24 (−2.58%) |
Sep 1, 2026 4w ago | 144 | $91.85 $88.26 | ▼ −3.91% | ▼ −2.95% | $97.24 (+5.87%) |
Aug 20, 2026 6w ago | 144 | $88.42 $87.35 | ▼ −1.21% | ▼ −1.68% | $97.24 (+9.98%) |
Aug 4, 2026 8w ago | 8-K | $80.79 $86.32 | ▲ +6.84% | ▲ +6.49% | $97.24 (+20.36%) |
Jul 10, 2026 12w ago | Insider Cluster | $88.80 $85.98 | ▲ +3.18% | ▲ +2.62% | $97.24 (−9.50%) |
Jul 2, 2026 13w ago | Insider Cluster | $84.05 $89.92 | ▼ −6.98% | ▼ −6.05% | $97.24 (−15.69%) |
Jul 2, 2026 13w ago | Insider Cluster | $84.05 $89.92 | ▼ −6.98% | ▼ −6.05% | $97.24 (−15.69%) |
Jun 30, 2026 13w ago | Insider Cluster | $83.00 $88.52 | ▼ −6.65% | ▼ −6.05% | $97.24 (−17.16%) |
US Market Status
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