Health In Tech Director Acquires 128,474 Shares in Restricted Stock Grant
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 128,474 | $0.62 | $80K |
Footnotes (1)
- F1. Represent restricted shares of Class A Common Stock granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan. The shares of restricted stock vest either (i) fully upon one year of service commencing on December 23, 2024, or (ii), if not vested upon such date, partially vest at the first shareholders' meeting, with the number of vested shares determined by multiplying the total number of restricted stock by a ratio with the numerator being the lesser of the period of time since December 23, 2024 and 12 months and the denominator being 12 months, subject to the reporting person's continuous service through the vesting date.
FAQ
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What is the vesting schedule for William Howard's HIT restricted stock grant?
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When did William Howard file this Form 4 for HIT stock acquisition?
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