Health In Tech CEO surrenders 63K shares for tax
Rhea-AI Filing Summary
Health In Tech, Inc. (HIT) reported that Chief Executive Officer and director Tim Donald Johnson surrendered 63,339 restricted shares of Class A Common Stock to the company on September 15, 2026 to satisfy tax withholding obligations tied to the vesting of previously granted restricted stock. After this tax-withholding disposition, he holds 23,271,026 Class A shares, consisting of restricted and unrestricted stock, in addition to separate holdings of Class B shares and stock options.
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Insider Trade Summary
Tax Withholding: 63,339 shares
Tax Withholding
1 txn
Insider
Johnson Tim Donald
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 63,339 | $0.89 | $56K |
Holdings After Transaction:
Class A Common Stock — 23,271,026 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 755,592 restricted shares of Class A Common Stock and 22,515,434 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: 63,339 shares
Implied price per share for tax withholding: $0.89 per share
Class A shares held after transaction: 23,271,026 shares
+4 more
7 metrics
Shares surrendered for tax withholding
63,339 shares
Restricted Class A Common Stock surrendered on September 15, 2026
Implied price per share for tax withholding
$0.89 per share
Value used for the 63,339 surrendered shares
Class A shares held after transaction
23,271,026 shares
Total direct Class A Common Stock after September 15, 2026 disposition
Restricted Class A shares included in holdings
755,592 shares
Restricted shares of Class A Common Stock included in post-transaction total
Unrestricted Class A shares included in holdings
22,515,434 shares
Unrestricted shares of Class A Common Stock included in post-transaction total
Excluded Class B Common Stock
9,000,000 shares
Class B Common Stock not included in the reported Class A holdings
Excluded stock options
734,707 options
Options to purchase Class A Common Stock excluded from share totals
Key Terms
restricted shares, Class A Common Stock, Class B Common Stock, options to purchase shares, +1 more
5 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"
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.
tax withholding and remittance obligations financial
"to satisfy tax withholding and remittance obligations in connection with the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HIT’s CEO report on this Form 4?
Tim Donald Johnson reported surrendering 63,339 restricted shares of Health In Tech Class A Common Stock on September 15, 2026 to the issuer to satisfy tax withholding and remittance obligations arising from the vesting of restricted shares.
Was the HIT CEO’s September 15, 2026 Form 4 transaction an open-market sale?
No. The filing describes the transaction as restricted shares of Class A Common Stock surrendered to the issuer to satisfy tax withholding and remittance obligations related to vesting, rather than an open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.