Health In Tech CEO surrenders 46K shares for taxes
Health In Tech, Inc. Chief Executive Officer and major shareholder Tim Donald Johnson reported a tax-related share disposition.
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Rhea-AI Filing Summary
Health In Tech, Inc. Chief Executive Officer and major shareholder Tim Donald Johnson reported a tax-related share disposition. He surrendered 46,768 shares of Class A Common Stock to the company at $1.05 per share to cover tax withholding tied to vesting restricted stock, rather than selling shares on the open market.
After this transaction, he directly holds 23,427,909 Class A shares, consisting of 984,353 restricted and 22,443,556 unrestricted shares. The footnotes also state that this figure excludes 9,000,000 shares of Class B Common Stock and 734,707 options to purchase Class A shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 46,768 | $1.05 | $49K |
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 984,353 restricted shares of Class A Common Stock and 22,443,556 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
Key Terms
Class A Common Stock financial
tax withholding financial
vesting financial
FAQ
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What insider transaction did Health In Tech (HIT) report for its CEO?
Was the Health In Tech (HIT) CEO’s Form 4 transaction an open-market sale?
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