Director at Health In Tech (HIT) receives 13,598 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shrestha Sanjay K reported acquisition or exercise transactions in this Form 4 filing.
Health In Tech, Inc. director Sanjay K. Shrestha received a grant of 13,598 restricted shares of Class A Common Stock, valued at $1.36 per share, as compensation under the Health in Tech Equity Incentive Plan. The restricted stock vested on the grant date, bringing his direct holdings to 82,333 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shrestha Sanjay K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13,598 | $1.36 | $18K |
Holdings After Transaction:
Class A Common Stock — 82,333 shares (Direct)
Footnotes (1)
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Key Figures
Restricted shares granted: 13,598 shares
Grant value per share: $1.36 per share
Shares owned after grant: 82,333 shares
3 metrics
Restricted shares granted
13,598 shares
Equity grant of Class A Common Stock
Grant value per share
$1.36 per share
Reporting price for restricted stock award
Shares owned after grant
82,333 shares
Total direct Class A holdings post-transaction
Key Terms
restricted shares, Health in Tech Equity Incentive Plan, Class A Common Stock
3 terms
Health in Tech Equity Incentive Plan financial
"granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan"
Class A Common Stock financial
"Represents restricted shares of Class A Common Stock granted to the reporting person"
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.
FAQ
What did Health In Tech (HIT) director Sanjay K. Shrestha receive in this Form 4?
Director Sanjay K. Shrestha received a grant of 13,598 restricted shares of Health In Tech Class A Common Stock. These shares were issued as compensation under the company’s Equity Incentive Plan and vested immediately on the grant date, increasing his direct ownership stake.
Was the Health In Tech (HIT) Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant of restricted shares, not an open-market purchase. The 13,598 shares were awarded as equity compensation under the Health in Tech Equity Incentive Plan and vested as of the grant date, rather than being bought in the market.
What plan governed the restricted stock grant reported for Health In Tech (HIT)?
The restricted stock grant was made under the Health in Tech Equity Incentive Plan. According to the footnote, the 13,598 restricted shares of Class A Common Stock were granted pursuant to this plan and fully vested as of the grant date disclosed in the Form 4.