The CFO and a director both sold material amounts on the same day, with no insider buying. Monitor for upcoming earnings or material news that may have prompted the selling. The derivative conversion and immediate sale pattern by Mecklenburg suggests a lack of confidence in near-term upside.
Price Chart
Executive Summary
Two Hinge Health insiders — CFO James Budge and Director Gabriel Mecklenburg — sold a combined $5.14M in open-market shares on October 12, 2026. Mecklenburg also converted 400,000 derivative shares at $0 (non-cash) before selling a portion. The sales are material relative to the company's $326M market cap (~1.6%), and the cluster is entirely selling with no buys, signaling potential insider caution ahead of upcoming events.
Key Financial Metrics
Key Facts
- CFO James Budge sold 9,400 shares at $104.33 for ~$983K on 2026-10-12.
- Director Gabriel Mecklenburg sold 200,000 shares across four open-market trades at $101.53–$104.34 for ~$20.6M total (including $5.14M in the cluster window).
- Mecklenburg also converted 400,000 derivative shares at $0 (non-cash) on the same day.
- Total cluster open-market sales: $5.14M, representing ~1.6% of the $326M market cap.
- No insider purchases were reported in the cluster window.
- The sales are not clearly 10b5-1 plan-driven; Mecklenburg's pattern of converting derivatives and selling immediately suggests opportunistic monetization.
Financial Impact
Insider sales of $5.14M represent ~1.6% of market cap, a significant signal. Mecklenburg's total sales across the window ($20.6M) are ~6.3% of market cap.
Risk Factors
- Insider selling at this magnitude and concentration (CFO + director) often precedes negative catalysts such as earnings misses, guidance cuts, or operational setbacks.
- The derivative conversion by Mecklenburg adds potential dilution overhang if additional shares are sold.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HNGE-1791926931977 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Institutional Cluster | $112.00 | awaiting T+20 | — | $111.72 (−0.25%) |
Oct 13, 2026 12d ago | Insider Cluster | $105.00 | awaiting T+20 | — | $111.72 (−6.40%) |
Oct 13, 2026 13d ago | 144 | $105.14 | awaiting T+20 | — | $111.72 (+6.26%) |
Oct 6, 2026 19d ago | 144 | $97.86 | awaiting T+20 | — | $111.72 (−14.16%) |
Sep 23, 2026 4w ago | Insider Cluster | $91.98 $109.93 | ▲ +19.52% | ▲ +19.93% | $111.72 (+21.46%) |
Sep 15, 2026 5w ago | Insider Cluster | $93.73 $105.00 | ▼ −12.02% | ▼ −9.96% | $111.72 (−19.19%) |
Sep 15, 2026 5w ago | Insider Cluster | $93.73 $104.82 | ▲ +11.83% | ▲ +8.39% | $111.72 (+19.19%) |
Sep 14, 2026 5w ago | Insider Cluster | $92.39 $105.14 | ▲ +13.80% | ▲ +10.82% | $111.72 (+20.92%) |
Sep 11, 2026 6w ago | Insider Cluster | $94.79 $104.82 | ▼ −10.58% | ▼ −8.32% | $111.72 (−17.86%) |
Sep 1, 2026 7w ago | 144 | $91.85 $97.94 | ▲ +6.63% | ▲ +6.78% | $111.72 (+21.63%) |
US Market Status
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