Hinge Health (HNGE) Protective Put Calculator
Calculator · free · no signup · HNGEPrice a protective put or zero-cost collar on Hinge Health. Annual cost, max loss, upside cap, tax treatment, auto-filled from current HNGE option chain.
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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
Request beta access →About Hinge Health
Hinge Health (HNGE) is a public Vertical SaaS company, incorporated in Delaware and headquartered in San Francisco, CA. IPO'd May 22, 2025.
Last close: $68.35 per share (as of 2026-06-16).
Digital MSK care.
Equity grants at Hinge Health typically include incentive stock options (ISOs), non-qualified stock options (NSOs), and restricted stock units (RSUs).
Daniel Perez and Gabriel Mecklenburg founded Hinge Health in San Francisco in 2014 to treat musculoskeletal conditions (back, knee, and hip pain) through digital physical therapy delivered through employer health benefit programs. The platform combines wearable motion sensors, AI-guided exercise therapy, and clinical coaching to replace high-cost in-person PT for working-age adults. Hinge Health reported $588 million in revenue in 2025, up 51% year-over-year. It priced its NYSE IPO at $32 per share in May 2025, raising $437 million at a $2.6 billion implied valuation.
Sources: ir.hingehealth.com · fiercehealthcare.com
Equity comp at Hinge Health
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Researched 2026-05-07.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Hinge Health.
A protective put caps your downside on the HNGE position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current HNGE option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share HNGE position at $68.35 is worth $341,750. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $6,835 to $13,670) before any premium offset from a short call. The calculator prices both structures off HNGE's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Hinge Health tools → · Use the generic Protect Your Stock Calculator for any company.
Hinge Health equity questions
- How much does it cost to hedge HNGE stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and HNGE's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current HNGE option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Hinge Health grant ISOs, NSOs, or RSUs?
- Equity compensation at Hinge Health typically takes the form of incentive stock options (ISOs), non-qualified stock options (NSOs), and restricted stock units (RSUs). Incentive stock options can trigger the alternative minimum tax (AMT) when you exercise. Restricted stock units are taxed as ordinary income when they vest.
- When did the Hinge Health IPO lockup expire?
- Hinge Health (HNGE) went public on May 22, 2025. The standard post-IPO lockup runs 180 days, so employee and insider shares generally became sellable around November 18, 2025. Confirm against your own grant paperwork, since some lockups release early or in stages.
- Do Hinge Health RSUs use double-trigger vesting?
- No. Hinge Health restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
One piece of the puzzle.
OptionsAhoy plans your Hinge Health equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.