Health In Tech (HIT) CSO awarded 50,000 performance-based restricted shares
Rhea-AI Filing Summary
Lockett Jonathan Del reported acquisition or exercise transactions in this Form 4 filing.
Health In Tech, Inc. Chief Strategy Officer Jonathan Del Lockett received a grant of 50,000 restricted shares of Class A Common Stock under the Health In Tech Equity Incentive Plan. These shares are subject to performance-based milestones and will be forfeited if those milestones are not achieved.
If the first milestone is met by on or before July 1, 2026, 20,000 shares will vest in equal monthly installments over 12 months. If a second milestone is met by on or before August 15, 2026, the remaining 30,000 shares will vest in equal monthly installments over 12 months. Following this award, he directly holds 143,539 shares, consisting of 78,985 unrestricted and 64,554 restricted shares, and also holds options to purchase 165,085 additional shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 50,000 | $0.00 | -- |
Footnotes (1)
- Represents restricted shares of Class A Common Stock granted pursuant to the Health In Tech Equity Incentive Plan which shall be automatically forfeited without consideration unless certain performance-based milestones are achieved. 20,000 shares shall vest in equal monthly installments over 12 months, commencing on or before July 1, 2026, if the first milestone is achieved by such date. The remaining 30,000 shares shall vest in equal monthly installments over 12 months, commencing on or before August 15, 2026, if the second milestone is achieved by such date. Includes 78,985 unrestricted shares of Class A Common Stock and 64,554 restricted shares of Class A Common Stock. Excludes 165,085 options to purchase shares of Class A Common Stock.