HIT Director Gets $80K Worth of Shares with One-Year Vesting Terms
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Health In Tech director William D. Howard acquired 128,474 shares of Class A Common Stock on June 23, 2025 at $0.62 per share through a restricted stock grant under the company's Equity Incentive Plan.
Key details of the restricted stock grant:
- Vesting conditions: Full vesting after one year of service from December 23, 2024
- Alternative partial vesting: At first shareholders' meeting based on service period ratio
- Vesting requirement: Continuous service through vesting date
- Total value of grant: Approximately $79,654
This Form 4 filing was signed by Howard on June 25, 2025, meeting the SEC's two-day reporting requirement for insider transactions. The shares are held directly by the reporting person.
Positive
- Director William D. Howard received 128,474 restricted shares at $0.62 per share, valued at approximately $79,654, demonstrating alignment with shareholder interests through equity-based compensation
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Howard William D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 128,474 | $0.62 | $80K |
Holdings After Transaction:
Class A Common Stock — 128,474 shares (Direct)
Footnotes (1)
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FAQ
What is the vesting schedule for William Howard's HIT restricted stock grant?
The restricted shares vest either (i) fully after one year of service starting December 23, 2024, or (ii) partially at the first shareholders' meeting if not fully vested, with partial vesting calculated as a ratio of time served since December 23, 2024 (up to 12 months) divided by 12 months, subject to continuous service.
What position does William Howard hold at HIT (Health In Tech)?
According to the Form 4 filing, William Howard serves as a Director of Health In Tech, Inc. (HIT). This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.
What was the total value of HIT restricted stock granted to William Howard?
The total value of the restricted stock grant was approximately $79,654, calculated by multiplying 128,474 shares by the reported price of $0.62 per share.
When did William Howard file this Form 4 for HIT stock acquisition?
William Howard signed and filed the Form 4 on June 25, 2025, reporting the stock acquisition that occurred on June 23, 2025, which was within the required 2-day filing window for Form 4 submissions.