Health In Tech (HIT) CEO withholds 47,217 shares to cover tax bill
Rhea-AI Filing Summary
Health In Tech, Inc. reports that CEO Tim Donald Johnson had 47,217 Class A Common shares withheld at $1.04 per share to satisfy tax obligations tied to vesting restricted stock. After this tax-withholding disposition, he directly holds 23,380,692 Class A shares, including 911,932 restricted and 22,468,760 unrestricted shares; this excludes Class B shares and options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 47,217 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 | 47,217 | $1.04 | $49K |
Holdings After Transaction:
Class A Common Stock — 23,380,692 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 911,932 restricted shares of Class A Common Stock and 22,468,760 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 withheld for taxes: 47,217 shares
Withholding price per share: $1.04
Post-transaction Class A holdings: 23,380,692 shares
+4 more
7 metrics
Shares withheld for taxes
47,217 shares
Class A Common Stock surrendered on 2026-07-15 for tax withholding
Withholding price per share
$1.04
Per-share value used for tax-withholding disposition of Class A shares
Post-transaction Class A holdings
23,380,692 shares
Direct Class A Common Stock held after tax-withholding event
Restricted Class A shares
911,932 shares
Restricted Class A included in post-transaction holdings
Unrestricted Class A shares
22,468,760 shares
Unrestricted Class A included in post-transaction holdings
Excluded Class B shares
9,000,000 shares
Class B Common Stock specifically 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, service-based vesting requirements, tax withholding and remittance obligations, Class B Common Stock, +1 more
5 terms
service-based vesting requirements financial
"for which service-based vesting requirements have been satisfied"
tax withholding and remittance obligations financial
"to satisfy tax withholding and remittance obligations in connection with the vesting"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Health In Tech (HIT) disclose in this Form 4?
Health In Tech disclosed a tax-withholding disposition of 47,217 Class A shares by CEO Tim Donald Johnson. The shares were surrendered to cover tax obligations arising from vesting restricted stock, rather than being sold in an open market transaction.
What is CEO Tim Donald Johnson’s Class A holding in Health In Tech (HIT) after the transaction?
After the tax-withholding event, Tim Donald Johnson directly holds 23,380,692 Class A shares. This includes 911,932 restricted shares and 22,468,760 unrestricted shares, according to the reported post-transaction ownership footnote in the Form 4 filing.
Was the Health In Tech (HIT) CEO’s Form 4 transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the transaction is described as tax withholding on restricted stock vesting. It reflects an administrative share surrender rather than a discretionary trading-plan sale or purchase in the market.