11.2 Capital I Partners, LLC - 23 May 2025 Form 4 Insider Report for Hinge Health, Inc. (HNGE)

Role: 10%+ Owner
Signature: 11.2 Capital I Partners, LLC, By: /s/ Shelley Zhuang
Issuer symbol: HNGE
Transactions as of: 23 May 2025
Net transactions value: -$44,682,880
Form type: 4
Filing time: 27 May 2025, 18:35:54 UTC
Previous filing: 21 May 2025
SEC: View on sec.gov

Reporting Owners (6)

Name	Relationship	Address	Signature	Signature date	CIK
11.2 Capital I Partners, LLC	10%+ Owner	1611 SPRING GATE LN, UNIT 371763, LAS VEGAS	11.2 Capital I Partners, LLC, By: /s/ Shelley Zhuang	27 May 2025	0001591337
11.2 Capital I, L.P.	10%+ Owner	1611 SPRING GATE LN, UNIT 371763, LAS VEGAS	11.2 Capital I, L.P., By: /s/ Shelley Zhuang	27 May 2025	0001591336
11.2 Capital Ivy Partners, LLC	10%+ Owner	1611 SPRING GATE LN, UNIT 371763, LAS VEGAS	11.2 Capital Ivy Partners, LLC, By: /s/ Shelley Zhuang	27 May 2025	0002069659
11.2 Capital HH, LLC	10%+ Owner	1611 SPRING GATE LN, UNIT 371763, LAS VEGAS	11.2 Capital HH, LLC, By: /s/ Shelley Zhuang	27 May 2025	0001838591
11.2 Capital Ivy, LLC	10%+ Owner	1611 SPRING GATE LN, UNIT 371763, LAS VEGAS	11.2 Capital IVY, LLC, By: /s/ Shelley Zhuang	27 May 2025	0002069629
Zhuang Qian	10%+ Owner	1611 SPRING GATE LN, UNIT 371763, LAS VEGAS	/s/ Shelley Zhuang	27 May 2025	0002069630

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNGE	Class A Common Stock	Conversion of derivative security		+1,396,340			1,396,340	23 May 2025	See footnotes	F1, F2, F3
transaction	HNGE	Class A Common Stock	Sale	$44,682,880	-1,396,340	-100%	$32.00	0	23 May 2025	See footnotes	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HNGE	Series S-1 Preferred Stock	Other		-1,455,604	-100%		0	23 May 2025	Class B Common Stock	1,455,604		See footnotes	F1, F2, F3
transaction	HNGE	Series A-1 Preferred Stock	Other		-230,923	-100%		0	23 May 2025	Class B Common Stock	230,923		See footnotes	F1, F2, F3
transaction	HNGE	Series A-2 Preferred Stock	Other		-1,932,367	-100%		0	23 May 2025	Class B Common Stock	1,932,367		See footnotes	F1, F2, F3
transaction	HNGE	Series C Preferred Stock	Other		-1,230,364	-100%		0	23 May 2025	Class B Common Stock	1,230,364		See footnotes	F1, F2, F3
transaction	HNGE	Series D Preferred Stock	Other		-251,606	-100%		0	23 May 2025	Class B Common Stock	251,606		See footnotes	F1, F2, F3
transaction	HNGE	Class B Common Stock	Other		+5,100,864			5,100,864	23 May 2025	Class A Common Stock	5,100,864		See footnotes	F1, F2, F3
transaction	HNGE	Class B Common Stock	Conversion of derivative security		-1,396,340	-27%		3,704,524	23 May 2025	Class A Common Stock	1,396,340		See footnotes	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Immediately prior to the closing of the Issuer's initial public offering, each share of preferred stock of the Issuer, except for the Series E Preferred Stock, automatically converted and was reclassified into one share of Class B Common Stock. Each share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. The Class B Common Stock will automatically convert into shares of Class A Common Stock upon the occurrence of certain events as described further in the Issuer's amended and restated certificate of incorporation.
F2	11.2 Capital I Partners, LLC is the general partner of 11.2 Capital I, L.P. ("11.2 Capital I") and 11.2 Capital Ivy Partners, LLC is the general partner of each of 11.2 Capital HH, LLC ("11.2 Capital HH") and 11.2 Capital IVY, LLC ("11.2 Capital IVY" and together with 11.2 Capital HH and 11.2 Capital I, the "11.2 Capital Entities")). Shelley Zhuang is the sole managing member of each of 11.2 Capital I Partners, LLC and 11.2 Capital Ivy Partners, LLC. As a result, each of the foregoing may be deemed to share beneficial ownership of the securities held by the 11.2 Capital Entities.
F3	Following the transactions reported in this Form 4, the Reporting Persons beneficially own (i) 2,703,954 shares of Class B Common Stock held by 11.2 Capital I, (ii) 171,550 shares of Class B Common Stock held by 11.2 Capital HH, LLC and (iii) 829,020 shares of Class B Common Stock held by 11.2 Capital IVY.