Health In Tech (HIT) CFO surrenders 28,725 shares for tax
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Financial Officer Qian LinLin surrendered 28,725 Class A Common shares on July 15, 2026 to the issuer to satisfy tax withholding tied to vesting of restricted stock. After this, LinLin directly owns 9,026,575 Class A shares, including 984,340 restricted and 8,042,235 unrestricted, and also holds 2,700,000 Class B shares and 711,510 options that are excluded from this Class A total.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 28,725 shares
Net Sell
1 txn
Insider
Qian LinLin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 28,725 | $1.04 | $30K |
Holdings After Transaction:
Class A Common Stock — 9,026,575 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 984,340 restricted shares of Class A Common Stock and 8,042,235 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: 28,725 shares of Class A Common Stock
Implied price per surrendered share: $1.04 per share
Post-transaction Class A holdings: 9,026,575 shares
+4 more
7 metrics
Shares surrendered for taxes
28,725 shares of Class A Common Stock
Shares surrendered on 2026-07-15 to satisfy tax withholding on vested restricted stock
Implied price per surrendered share
$1.04 per share
Value used for the 28,725 surrendered Class A shares
Post-transaction Class A holdings
9,026,575 shares
Direct Class A Common Stock owned after the tax-withholding disposition
Restricted Class A shares
984,340 shares
Restricted Class A shares included in post-transaction holdings
Unrestricted Class A shares
8,042,235 shares
Unrestricted Class A shares included in post-transaction holdings
Class B Common Stock held
2,700,000 shares
Class B shares held that are excluded from the Class A total
Options to purchase Class A
711,510 options
Options to purchase Class A Common Stock excluded from direct Class A share count
Key Terms
restricted shares, tax withholding, service-based vesting requirements, Class B Common Stock, +1 more
5 terms
tax withholding financial
"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
"for which service-based vesting requirements have been satisfied"
Class B Common Stock financial
"Excludes 2,700,000 shares of Class B Common Stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.