Health In Tech insider report: 7,000 restricted shares awarded to CTO
Rhea-AI Filing Summary
Health In Tech, Inc. (HIT) reporting person Imran Yousuf, Chief Technology Officer and Director, received a grant of 7,000 restricted Class A common shares on 08/15/2025. The restricted shares are subject to vesting tied to two separate product launches: 50% vests monthly over 12 months after the first specified program is successfully launched and operational, and the remaining 50% vests monthly over 12 months after the second specified program is successfully launched and operational. Following the grant the reporting person beneficially owns 107,000 shares (comprised of 100,000 shares and 7,000 restricted shares). The filing excludes 100,000 options to purchase Class A common stock.
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Insights
TL;DR: Routine restricted-stock grant to CTO ties compensation to product launches; no immediate dilution but signals long-term incentive alignment.
The grant of 7,000 restricted Class A shares to the CTO is a compensation event linked to operational milestones rather than cash pay. It does not show an immediate cash impact or share issuance at public markets; the filing reports beneficial ownership rising to 107,000 shares. Excluded from the beneficial ownership tally are 100,000 options, which remain outstanding but were not transacted here. For investors, this is a governance and incentive disclosure rather than a material corporate financing or divestiture.
TL;DR: Vesting tied to product launches aligns executive incentives with company milestones; standard Section 16 reporting completed.
The restricted-share award includes milestone-based vesting conditions that delay recognition until specific products are operational. The filing fulfills Section 16 reporting for an insider grant and clarifies ownership composition. The structure limits immediate transferability until vesting events occur, which is consistent with retention and performance alignment practices. No amendments, departures, or exceptional governance items are disclosed in this record.