Health In Tech (HIT) CFO gets 1M restricted shares tied to deals
Rhea-AI Filing Summary
Health In Tech, Inc. officer and director LinLin Qian reported an award of 1,000,000 restricted shares of Class A Common Stock on January 6, 2026 under the Health in Tech Equity Incentive Plan at a price of $0 per share. The grant is tied to two proposed issuer transactions, with half of the shares vesting in equal monthly installments over 12 months after the closing of the first transaction and the other half vesting monthly over 12 months after the closing of the second transaction, subject to continued service.
If either transaction does not close within 24 months after January 6, 2026, any unvested shares related to that transaction will be forfeited without consideration. Following this grant, Qian beneficially owns 9,128,555 Class A shares, including 1,119,130 restricted shares and 8,009,425 unrestricted shares, and also holds but does not count here 2,700,000 Class B shares and 711,510 options to purchase Class A shares.
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FAQ
What insider transaction did Health In Tech (HIT) report for January 6, 2026?
Health In Tech reported that officer and director LinLin Qian received an award of 1,000,000 restricted shares of Class A Common Stock on January 6, 2026 under the company’s equity incentive plan at a price of $0 per share.
How do the 1,000,000 restricted shares granted to Health In Tech CFO vest?
Half of the 1,000,000 restricted Class A shares vest in equal monthly installments over 12 months starting at the closing of the first proposed issuer transaction, and the other half vest monthly over 12 months starting at the closing of the second proposed issuer transaction, in each case subject to continued service.
What happens to the restricted shares if the proposed transactions for HIT do not close?
If either proposed issuer transaction does not close within 24 months after January 6, 2026, all unvested shares tied to that specific transaction will be automatically forfeited without consideration.
How many Health In Tech Class A shares does LinLin Qian own after this transaction?
After the reported grant, LinLin Qian beneficially owns 9,128,555 Class A Common shares, consisting of 1,119,130 restricted shares and 8,009,425 unrestricted shares.
What other Health In Tech securities associated with LinLin Qian are noted but not included in the Class A total?
The disclosure notes but excludes from the Class A total 2,700,000 shares of Class B Common Stock and 711,510 options to purchase shares of Class A Common Stock.
Did LinLin Qian pay cash for the 1,000,000 restricted Health In Tech shares?
No cash payment is indicated; the 1,000,000 restricted Class A shares were reported at a price of $0 per share as an equity incentive grant.