The simultaneous large-scale selling by both the CEO and CFO on the same day is a bearish signal, especially given the CEO's prior derivative conversions. While the dollar amount is modest relative to market cap, the concentration of sales by both top executives suggests potential near-term headwinds. Monitor for any upcoming earnings miss, guidance revision, or material adverse events. The stock's strong recent performance (historical reports show +11.37% avg T+20 alpha) may have created a selling opportunity for insiders.
Price Chart
Executive Summary
CEO and CFO of Hinge Health sold a combined $3.32M in open-market shares on September 10, 2026, following the CEO's conversion of 295,000 derivative shares (non-cash). The CEO alone sold ~$18.4M across multiple trades, while the CFO sold ~$5.0M. This is a significant insider selling cluster at a $7.1B market cap, representing ~0.33% of market cap in total open-market sales, which is modest in proportionality but notable for involving both top executives on the same day.
Key Financial Metrics
Key Facts
- CEO Perez Daniel Antonio sold ~$18.4M in open-market shares on September 10, 2026, across 10 trades at prices between $88.22 and $91.60
- CFO Budge James sold ~$5.0M in open-market shares on September 10, 2026, across 5 trades at prices between $88.22 and $91.62
- CEO also converted 295,000 derivative shares (non-cash) and gifted 45,000 shares (non-cash) on the same day
- Total open-market sales by both insiders on September 10: ~$23.4M, representing ~0.33% of $7.1B market cap
- Prior 30-day insider activity showed 7 sells totaling $13.2M, indicating an acceleration of selling
Financial Impact
CEO and CFO sold ~$23.4M in open-market shares on a single day, representing 0.33% of market cap
Risk Factors
- Insider selling may signal deteriorating fundamentals or upcoming negative news
- CEO and CFO both selling large amounts on the same day suggests coordinated or informed selling
- Stock has rallied significantly (historical alpha +11.37% T+20) — insiders may be taking profits ahead of a pullback
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-1789171281108 |
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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