HIT director ends forfeiture, acquires 5,730 restricted shares at $3.49
Rhea-AI Filing Summary
Insider transactions by director William D. Howard at Health In Tech, Inc. (HIT)
The reporting person, a director, disposed of 28,159 restricted shares of Class A common stock that were subject to pro-rata forfeiture upon the annual stockholders meeting held on 10/03/2025. Five days later, on 10/08/2025, the director acquired 5,730 restricted shares at a price of $3.49 per share under the company’s Equity Incentive Plan. After these transactions the director beneficially owns 106,045 shares of Class A common stock.
Positive
- Purchased 5,730 shares at $3.49, increasing beneficial ownership to 106,045 shares
- Acquisition executed under the Equity Incentive Plan, indicating alignment with company compensation structure
Negative
- Disposed of 28,159 restricted shares due to forfeiture tied to the annual stockholders meeting on 10/03/2025
Insights
Director converted forfeitable awards and modestly increased reported holdings.
The director’s 10/03/2025 disposal reflects forfeiture tied to the annual meeting mechanism, not an open-market sale, and the subsequent 10/08/2025 purchase of 5,730 restricted shares at $3.49 increases the reported beneficial stake to 106,045 shares.
This pattern is consistent with equity compensation vesting and plan activity; monitor upcoming vesting schedules and any additional Form 4s within the next quarter for changes to beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,730 | $3.49 | $20K |
| Disposition | Class A Common Stock | 28,159 | $0.00 | -- |
Footnotes (1)
- Represent restricted shares of Class A Common Stock granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan, which were subject to forfeiture on a pro-rata basis upon the issuer's annual stockholders meeting held on October 3, 2025. Represent restricted shares of Class A Common Stock granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan. The shares of restricted stock vest quarterly commencing upon the date of grant, subject to the reporting person's continuous service through the vesting date. Includes 5,730 shares of restricted stock and 100,315 shares of Class A Common Stock.