Health In Tech (HIT) CFO LinLin surrenders shares for tax withholding on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Financial Officer Qian LinLin reported a disposition of 28,451 shares of Class A Common Stock on June 15, 2026. These shares were surrendered to the company to satisfy tax withholding obligations tied to the vesting of restricted stock, not sold in the open market.
After this tax-withholding disposition, LinLin directly holds 9,055,300 Class A shares, consisting of 1,030,065 restricted shares and 8,025,235 unrestricted shares. The footnotes also state that this figure excludes 2,700,000 shares of Class B Common Stock and 711,510 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Qian LinLin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 28,451 | $1.05 | $30K |
Holdings After Transaction:
Class A Common Stock — 9,055,300 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. Includes 1,030,065 restricted shares of Class A Common Stock and 8,025,235 unrestricted shares of Class A Common Stock. Excludes 2,700,000 shares of Class B Common Stock and 711,510 options to purchase shares of Class A Common Stock.
Key Figures
Tax-withholding shares: 28,451 shares
Tax-withholding price: $1.05 per share
Shares held after transaction: 9,055,300 shares
+4 more
7 metrics
Tax-withholding shares
28,451 shares
Class A Common Stock surrendered for tax withholding on June 15, 2026
Tax-withholding price
$1.05 per share
Value used for tax-withholding disposition of 28,451 shares
Shares held after transaction
9,055,300 shares
Total Class A Common Stock directly held following the disposition
Restricted Class A shares
1,030,065 shares
Restricted Class A Common Stock included in post-transaction holdings
Unrestricted Class A shares
8,025,235 shares
Unrestricted Class A Common Stock included in post-transaction holdings
Excluded Class B shares
2,700,000 shares
Class B Common Stock explicitly excluded from the Class A holding total
Excluded stock options
711,510 options
Options to purchase Class A Common Stock excluded from the holding count
Key Terms
restricted shares, Class A Common Stock, tax withholding, service-based vesting requirements, +1 more
5 terms
Class A Common Stock financial
"Represents restricted shares of Class A Common Stock surrendered to the Issuer to satisfy tax withholding"
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.
tax withholding financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
service-based vesting requirements financial
"in connection with the vesting of restricted shares of Class A Common Stock for which service-based vesting requirements have been satisfied"
stock options financial
"Excludes 2,700,000 shares of Class B Common Stock and 711,510 options to purchase shares of Class A Common Stock"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
FAQ
What did Health In Tech (HIT) director Qian LinLin report in this Form 4?
Qian LinLin reported surrendering 28,451 Class A shares to Health In Tech to cover tax withholding on vested restricted stock. This was a tax-related disposition, not an open-market sale, and reflects routine handling of equity-based compensation.
Was the Health In Tech (HIT) Form 4 transaction an insider sale?
The filing shows a tax-withholding disposition under code F, not a market sale. Shares were delivered back to Health In Tech to satisfy tax obligations arising from restricted stock vesting, rather than being sold to third-party investors in the open market.
What is the nature of the restricted stock involved for Health In Tech (HIT)?
The restricted shares relate to Class A Common Stock that vested after service-based vesting requirements were met. When these restricted shares vested, some were surrendered back to Health In Tech to satisfy tax withholding, as reflected in the Form 4 transaction and footnote details.
What other equity interests in Health In Tech (HIT) are noted for Qian LinLin?
Footnotes state that LinLin’s position excludes 2,700,000 Class B Common Stock shares and 711,510 options to purchase Class A shares. These excluded interests highlight additional potential equity exposure beyond the 9,055,300 Class A shares reported as directly held.