The insider sales are too small relative to market cap to warrant a bearish read. Monitor the next 8-K or earnings release for any operational updates, but this cluster alone does not indicate a material change in company outlook.
Price Chart
Executive Summary
Three Hinge Health insiders, including the CFO and President, sold a total of $733K in open-market sales over a 7-day window. The sales are modest relative to the $4.5B market cap (0.016%), and the CFO's and President's sales on May 26 are likely routine liquidity/vesting-related. Director Mecklenburg's June 1 sale follows a non-cash derivative conversion, further reducing informational content. The cluster is not material enough to signal a bearish view.
Key Financial Metrics
Key Facts
- Total insider sales of $733K represent 0.016% of $4.5B market cap — trivial
- CFO Budge sold $187K and President Pursley sold $479K on May 26; Director Mecklenburg sold $67K on June 1
- Mecklenburg's sale followed a non-cash derivative conversion of 83,334 shares at $0
- CFO and President also had tax-withholding transactions on June 1 ($561K and $356K respectively) — non-cash, not directional
- Historical calibration shows cluster sells are not amplified; no bearish override warranted
Financial Impact
Total open-market sales of $733K, or 0.016% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if insiders perceive headwinds, but current volume is negligible
- No evidence of 10b5-1 plan, but sales are small and likely liquidity-driven
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-1780518276692 |
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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