Health In Tech (HIT) CFO surrenders shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Financial Officer Qian LinLin reported a tax-related share disposition. On May 14, 2026, she surrendered 23,324 shares of Class A Common Stock at $1.23 per share to the company to satisfy tax withholding obligations tied to vesting restricted stock.
After this transaction, she directly holds 9,083,751 Class A shares, including 1,060,738 restricted and 8,023,013 unrestricted shares. The filing notes this does not include 2,700,000 Class B shares or 711,510 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Qian LinLin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 23,324 | $1.23 | $29K |
Holdings After Transaction:
Class A Common Stock — 9,083,751 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 1,060,738 restricted shares of Class A Common Stock and 8,023,013 unrestricted shares of Class A Common Stock. Excludes 2,700,000 shares of Class B Common Stock and 711,510 options to purchase shares of Class A Common Stock.
Key Figures
Shares surrendered for taxes: 23,324 shares
Price per surrendered share: $1.23/share
Shares held after transaction: 9,083,751 shares
+4 more
7 metrics
Shares surrendered for taxes
23,324 shares
Class A Common Stock delivered for tax withholding
Price per surrendered share
$1.23/share
Value used for tax-withholding disposition
Shares held after transaction
9,083,751 shares
Total Class A Common Stock directly held post-transaction
Restricted Class A shares held
1,060,738 shares
Restricted Class A Common Stock included in total holdings
Unrestricted Class A shares held
8,023,013 shares
Unrestricted Class A Common Stock included in total holdings
Excluded Class B shares
2,700,000 shares
Class B Common Stock noted but excluded from Class A total
Excluded stock options
711,510 options
Options to purchase Class A Common Stock, excluded from share total
Key Terms
restricted shares, tax withholding, service-based vesting requirements, Class B Common Stock, +1 more
5 terms
tax withholding financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting"
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.
service-based vesting requirements financial
"vesting of restricted shares of Class A Common Stock for which service-based vesting requirements have been satisfied"
Class B Common Stock financial
"Excludes 2,700,000 shares of Class B Common Stock and 711,510 options"
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.
FAQ
What did Health In Tech (HIT) CFO Qian LinLin report in this Form 4?
She reported surrendering shares to cover taxes on vested stock awards. Specifically, 23,324 Class A Common shares were delivered to the company to satisfy tax withholding obligations related to previously granted restricted stock that had met service-based vesting conditions.
Is the Health In Tech (HIT) CFO’s Form 4 transaction an open-market sale?
No, the transaction is not an open-market sale. It is a tax-withholding disposition, where 23,324 shares were delivered back to the issuer to cover tax obligations associated with the vesting of restricted Class A Common Stock awards.