HIT Director Gets 128K Restricted Shares with One-Year Vesting Schedule
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Chike Umemezia of Health In Tech received a grant of 128,474 restricted shares of Class A Common Stock on June 23, 2025, at a price of $0.62 per share under the company's Equity Incentive Plan.
The restricted shares have specific vesting conditions:
- Full vesting after one year of service from December 23, 2024, or
- Partial vesting at the first shareholders' meeting based on a pro-rata calculation of service time (up to 12 months) from December 23, 2024
The grant represents a direct ownership position and requires continuous service through the vesting date. This equity compensation aligns the director's interests with shareholders and serves as a retention mechanism through the vesting schedule.
Positive
- Director Chike Umemezia received 128,474 restricted shares at $0.62 per share ($79,654 total value), demonstrating alignment of board interests with shareholders through equity-based compensation
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Umemezia Chike
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 128,474 | $0.62 | $80K |
Holdings After Transaction:
Class A Common Stock — 128,474 shares (Direct)
Footnotes (1)
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FAQ
What are the vesting terms for HIT's restricted stock grant to Director Umemezia?
The restricted shares vest either (i) fully after one year of service from December 23, 2024, or (ii) partially at the first shareholders' meeting if not fully vested, with vesting calculated as a ratio of time served since December 23, 2024 (up to 12 months) divided by 12 months, subject to continuous service.
What is the total value of HIT restricted stock granted to Director Umemezia?
Based on the reported price of $0.62 per share and 128,474 shares granted, the total value of the restricted stock grant to Director Umemezia was approximately $79,654.
What position does Chike Umemezia hold at HIT according to the Form 4?
According to the Form 4 filing, Chike Umemezia serves as a Director of Health In Tech, Inc. (HIT), as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.