Health In Tech (HIT) CEO surrenders shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Executive Officer Tim Donald Johnson reported a tax-related share disposition. On April 15, 2026, he surrendered 35,140 shares of Class A Common Stock at $1.50 per share to cover withholding and remittance obligations triggered by the vesting of restricted stock.
After this tax-withholding disposition, he directly holds 23,514,601 Class A shares, consisting of 1,079,624 restricted and 22,434,977 unrestricted Class A shares, and this figure excludes 9,000,000 Class B shares and 734,707 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Tim Donald
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 35,140 | $1.50 | $53K |
Holdings After Transaction:
Class A Common Stock — 23,514,601 shares (Direct, null)
Footnotes (1)
- Represents restricted shares of Class A Common Stock surrendered to the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting of restricted shares of Class A Common Stock for which service-based vesting requirements have been satisfied. The grant of such restricted stock was previously reported by the reporting person on a Form 4 filed on January 8, 2026. Includes 1,079,624 restricted shares of Class A Common Stock and 22,434,977 unrestricted shares of Class A Common Stock. Excludes 9,000,000 shares of Class B Common Stock and 734,707 options to purchase shares of Class A Common Stock.
Key Figures
Tax-withholding shares surrendered: 35,140 shares
Tax-withholding share value: $1.50 per share
Class A shares after transaction: 23,514,601 shares
+4 more
7 metrics
Tax-withholding shares surrendered
35,140 shares
Class A Common Stock surrendered for tax obligations on 2026-04-15
Tax-withholding share value
$1.50 per share
Valuation used for surrendered Class A shares
Class A shares after transaction
23,514,601 shares
Total Class A Common Stock directly held following disposition
Restricted Class A shares
1,079,624 shares
Restricted Class A Common Stock included in post-transaction holdings
Unrestricted Class A shares
22,434,977 shares
Unrestricted Class A Common Stock included in post-transaction holdings
Excluded Class B shares
9,000,000 shares
Class B Common Stock interests noted as excluded from Class A total
Excluded stock options
734,707 options
Options to purchase Class A Common Stock excluded from share count
Key Terms
restricted shares, tax withholding and remittance obligations, service-based vesting requirements, restricted stock, +1 more
5 terms
tax withholding and remittance obligations financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting"
service-based vesting requirements financial
"vesting of restricted shares of Class A Common Stock for which service-based vesting requirements have been satisfied"
restricted stock financial
"The grant of such restricted stock was previously reported by the reporting person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Class B Common Stock financial
"Excludes 9,000,000 shares of Class B Common Stock and 734,707 options"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What insider transaction did Health In Tech (HIT) report in this Form 4/A?
The filing shows CEO Tim Donald Johnson surrendered 35,140 Class A shares at $1.50 each to satisfy tax withholding on vested restricted stock. This is a tax-withholding disposition, not an open-market trade, and reflects routine handling of equity-based compensation.
Was the Health In Tech (HIT) CEO’s Form 4/A transaction a market sale?
No, the reported transaction is a tax-withholding disposition, not an open-market sale. Shares were surrendered back to the issuer to cover tax obligations arising from the vesting of restricted Class A stock, which is a common administrative step for equity compensation.
What additional equity interests linked to Health In Tech (HIT) are noted in the footnotes?
Footnotes state that, beyond the reported Class A holdings, the CEO has interests excluded from this count: 9,000,000 shares of Class B Common Stock and 734,707 options to purchase Class A shares, which together represent additional potential equity exposure.