Health In Tech (HIT) CEO uses shares for tax on vested stock
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Executive Officer Tim Donald Johnson reported a code F transaction involving restricted Class A Common Stock. On 2026-08-13, 46,327 shares of Class A Common Stock were surrendered to the company at $1.06 per share to satisfy tax withholding and remittance obligations arising from the vesting of restricted shares.
After this withholding transaction, Johnson directly holds 23,334,365 Class A shares, consisting of 842,491 restricted and 22,491,874 unrestricted Class A shares. In addition, the disclosure notes that this figure excludes 9,000,000 shares of Class B Common Stock and 734,707 options to purchase Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 46,327 shares
Net Sell
1 txn
Insider
Johnson Tim Donald
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 46,327 | $1.06 | $49K |
Holdings After Transaction:
Class A Common Stock — 23,334,365 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 842,491 restricted shares of Class A Common Stock and 22,491,874 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
Shares surrendered for tax withholding: 46,327 shares
Per-share value for surrendered shares: $1.06 per share
Total Class A shares held after transaction: 23,334,365 shares
+4 more
7 metrics
Shares surrendered for tax withholding
46,327 shares
Restricted Class A Common Stock surrendered on 2026-08-13 in a code F transaction
Per-share value for surrendered shares
$1.06 per share
Applied to the 46,327 restricted Class A shares used for tax withholding
Total Class A shares held after transaction
23,334,365 shares
Direct Class A holdings following the 2026-08-13 tax-withholding transaction
Restricted Class A shares included in holdings
842,491 shares
Portion of the post-transaction 23,334,365 Class A shares that remains restricted
Unrestricted Class A shares included in holdings
22,491,874 shares
Unrestricted portion of the reporting person’s direct Class A holdings
Excluded Class B shares
9,000,000 shares
Shares of Class B Common Stock noted as excluded from the Class A holding total
Excluded stock options
734,707 options
Options to purchase Class A Common Stock noted as excluded from the Class A holding total
Key Terms
restricted shares, Class A Common Stock, Class B Common Stock, options to purchase shares
4 terms
Class A Common Stock financial
"Represents restricted shares of Class A Common Stock surrendered to the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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 transaction did HIT CEO Tim Donald Johnson report on this Form 4?
Tim Donald Johnson reported surrendering 46,327 restricted Class A shares of Health In Tech, Inc. on 2026-08-13. The shares were delivered to the issuer to cover tax withholding and remittance obligations related to the vesting of restricted stock.
Was this HIT insider transaction made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked as affirmatively used. The transaction is reported as a tax-withholding surrender of restricted shares, with no additional 10b5-1 trading plan details described in the data provided.
AI-generated analysis. How Rhea-AI works. Not financial advice.