Health In Tech (HIT) CEO surrenders shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Health In Tech, Inc. Chief Executive Officer and 10% owner Johnson Tim Donald reported a compensation-related share transaction. On the vesting of restricted Class A Common Stock, he surrendered 35,140 shares at $1.50 per share to the company to satisfy tax withholding obligations. This Form 4 characterizes the move as a tax-withholding disposition, not an open-market sale, and indicates he continues to hold a substantial direct position in Class A Common Stock after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Tim Donald
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 35,140 | $1.50 | $53K |
Holdings After Transaction:
Class A Common Stock — 23,514,601 shares (Direct)
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 filed on January 8, 2026. Includes 1,079,624 restricted shares of Class A Common Stock and 222,434,977 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 taxes: 35,140 shares
Implied share value: $1.50 per share
Direct Class A holdings after transaction: 23,514,601 shares
+4 more
7 metrics
Shares surrendered for taxes
35,140 shares
Class A Common Stock delivered for tax withholding
Implied share value
$1.50 per share
Value used for tax-withholding disposition
Direct Class A holdings after transaction
23,514,601 shares
Direct ownership reported following disposition
Restricted Class A shares
1,079,624 shares
Restricted shares referenced in footnote
Unrestricted Class A shares
222,434,977 shares
Unrestricted shares referenced in footnote
Excluded Class B shares
9,000,000 shares
Class B Common Stock not included in main tally
Excluded stock options
734,707 options
Options to purchase Class A shares noted as excluded
Key Terms
restricted shares of Class A Common Stock, tax withholding and remittance obligations, service-based vesting requirements, unrestricted shares of Class A Common Stock, +2 more
6 terms
tax withholding and remittance obligations financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting"
service-based vesting requirements financial
"vesting of restricted shares of Class A Common Stock for which service-based vesting requirements have been satisfied"
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 insider transaction did HIT CEO Johnson Tim Donald report?
HIT CEO Johnson Tim Donald reported surrendering 35,140 Class A shares. The shares were delivered back to the company at $1.50 each to cover tax withholding tied to vesting restricted stock, rather than being sold on the open market.
What do the HIT Form 4 footnotes say about the restricted stock grant?
The footnotes explain the surrendered shares came from restricted Class A stock that had met service-based vesting conditions. They state the tax-related surrender and note the original grant was previously disclosed on a Form 4 filed January 8, 2026 for transparency on the award history.
What additional HIT equity interests are noted in the Form 4 footnotes?
The Form 4 notes 1,079,624 restricted and 222,434,977 unrestricted Class A shares, while excluding 9,000,000 Class B shares and 734,707 options. This highlights the CEO’s broader equity interests and indicates separate classes and derivative awards beyond the reported tax-withholding share surrender.