Health In Tech Announces Voluntary Extension of Lock-Up Period

Health In Tech (Nasdaq: HIT) announced on Dec 2, 2025 that its executive officers, vice presidents and board have voluntarily extended their existing lock-up by an additional six months beyond the original twelve-month restriction tied to the company's IPO.

Rhea-AI Summary

Health In Tech (Nasdaq: HIT) announced on Dec 2, 2025 that its executive officers, vice presidents and board have voluntarily extended their existing lock-up by an additional six months beyond the original twelve-month restriction tied to the company's IPO.

Under the extension, shares held by current executives and directors remain restricted from sale or transfer until June 20, 2026. Health In Tech completed its IPO on Dec 20, 2024, raising gross proceeds of $9.2 million, and says it continues investing in systems, distribution and service expansion.

Positive

• Lock-up extended by 6 months, signaling insider confidence
• Insider shares restricted until June 20, 2026
• Company completed IPO raising $9.2 million in December 2024

Negative

• Insiders have no immediate liquidity until June 20, 2026
• Extended lock-up may limit circulating float in near term

Argus Dec 2 session

-19.02% close to close Open Argus

Details

News Market Reaction – HIT

On Dec 2, the day this news came out, HIT closed 19.02% below the previous close.

Data tracked by StockTitan Argus for the Dec 2 session.

Market Context

On Dec 2, the day this news came out, the stock closed 19.0% below the previous close. A negative re...

Analysis

On Dec 2, the day this news came out, the stock closed 19.0% below the previous close. A negative reaction despite insiders extending their lock-up through June 20, 2026 would fit a recent pattern where positive-sounding announcements coincided with declines, including moves of -19.02% and -26.37% after earlier news. Such a response could reflect market focus on other factors disclosed in regulatory filings and earnings, including leadership turnover and growth investments. Historical behavior suggests that sentiment around the name has been fragile following news events.

Key Figures

IPO gross proceeds: $9.2 million Original lock-up period: 12 months Lock-up extension: 6 months +2 more

IPO gross proceeds

$9.2 million

Initial public offering in December 2024

Original lock-up period

12 months

Lock-up from final IPO prospectus dated December 20, 2024

Lock-up extension

6 months

Voluntary extension by executives, VPs, and Board

Lock-up end date

June 20, 2026

Shares of current executive officers and Board restricted until this date

IPO date

December 20, 2024

Date of final prospectus for initial public offering

Historical Context

5 past events · Latest: Dec 02

5 events

1. Dec 02

   Insider lock-up

   24h Move

   -19.0%

   Executives and directors extend IPO lock-up to June 20, 2026.

2. Nov 11

   Blockchain LOI news

   24h Move

   -26.4%

   Non-binding LOI and Web Summit panel on HITChain blockchain platform.

3. Nov 10

   Q3 2025 earnings

   24h Move

   +0.3%

   Strong revenue and EBITDA growth with rising enrolled employees and partners.

4. Nov 04

   Davos panel news

   24h Move

   -3.1%

   Announcement of Davos 2026 panel featuring high-profile speaker on women leaders.

5. Nov 03

   Earnings call notice

   24h Move

   +1.9%

   Scheduling and access details for Q3 2025 earnings call and webcast.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lock-up restrictions, forward-looking statements

2 terms

lock-up restrictions financial

"have voluntarily agreed to extend the lock-up restrictions on all shares"

A lock-up restriction is a temporary rule that prevents company insiders, early investors and employees from selling their shares for a set period after a public offering. It matters to investors because it limits how many shares can enter the market immediately—like a cooling-off period after a big sale—and when the restriction ends a large increase in available shares can put downward pressure on the stock price or reveal insiders’ confidence in the company.

forward-looking statements regulatory

"Certain statements in this press release are forward-looking statements for purposes"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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STUART, Fla., Dec. 2, 2025 /PRNewswire/ -- Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced that its executive management team, vice presidents across functions, and  Board of Directors have voluntarily agreed to extend the lock-up restrictions on all shares they hold for an additional six months beyond the original twelve-month lock-up established at the time of the Company's final prospectus issued in connection with its initial public offering on December 20, 2024.

Under this voluntary extension, all shares held by Health In Tech's current executive officers and Board of Directors will remain restricted from sale or transfer until June 20, 2026.

"Our leadership team remains highly committed to the long-term growth of Health In Tech," said Tim Johnson, CEO of Health In Tech. "By choosing to extend their lock-up period, our executives are demonstrating confidence in the Company's outlook and our ongoing initiatives in technology, underwriting automation, and market expansion."

Health In Tech completed its IPO in December 2024, raising gross proceeds of $9.2 million. The Company has since continued to invest in system enhancements, broaden its distribution network, and expand its service offerings across the self-funded healthcare ecosystem.

Use of Forward‑Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity.

About Health In Tech

Health In Tech (Nasdaq: "HIT") is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

Investor Contact

Investor Relations:
ir@healthintech.com

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SOURCE Health In Tech

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Health In Tech (HIT) announce on December 2, 2025?

Health In Tech announced executives, vice presidents and the board voluntarily extended their share lock-up by six months to June 20, 2026.

When does the HIT insider lock-up now expire?

The extended lock-up for insider-held shares expires on June 20, 2026.

How long was the original HIT IPO lock-up and when was the IPO?

The original lock-up was 12 months tied to the IPO completed on December 20, 2024.

How much did Health In Tech raise in its December 2024 IPO (HIT)?

Health In Tech raised gross proceeds of $9.2 million in its December 2024 IPO.

What does the HIT lock-up extension mean for shareholders?

The extension limits insider share sales until June 20, 2026, which may reduce near-term insider selling pressure.