[Form 4] Health In Tech, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Tim Donald
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 46,768 | $1.05 | $49K |
Holdings After Transaction:
Class A Common Stock — 23,427,909 shares (Direct, null)
Footnotes (1)
- 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. 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
Tax-withholding shares: 46,768 shares
Price per surrendered share: $1.05 per share
Class A shares after transaction: 23,427,909 shares
+4 more
7 metrics
Tax-withholding shares
46,768 shares
Class A Common Stock surrendered for tax withholding
Price per surrendered share
$1.05 per share
Value used for tax-withholding disposition
Class A shares after transaction
23,427,909 shares
Total Class A Common Stock directly held after disposition
Restricted Class A shares
984,353 shares
Restricted Class A Common Stock included in post-transaction holdings
Unrestricted Class A shares
22,443,556 shares
Unrestricted Class A Common Stock included in post-transaction holdings
Excluded Class B shares
9,000,000 shares
Class B Common Stock excluded from reported Class A total
Options to purchase Class A
734,707 options
Options to buy Class A Common Stock excluded from Class A count
Key Terms
restricted shares, Class A Common Stock, tax withholding, vesting, +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.
tax withholding financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
vesting financial
"in connection with the vesting of restricted shares of Class A Common Stock"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Health In Tech (HIT) report for its CEO?
Health In Tech CEO Tim Donald Johnson surrendered 46,768 Class A shares to the company to satisfy tax withholding obligations from vesting restricted stock. This was a tax-withholding disposition, not an open-market sale of shares on an exchange.
Was the Health In Tech (HIT) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were surrendered back to Health In Tech to cover exercise price or tax liabilities arising from vesting restricted Class A Common Stock.