HIT Director Gets 128K Share Incentive Package with One-Year Vesting Terms
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Timothy Hayes, Director of Health In Tech (HIT), acquired 128,474 shares of Class A Common Stock on June 23, 2025, at a price of $0.62 per share through a restricted stock grant under the company's Equity Incentive Plan.
Key vesting terms:
- Full vesting after one year of service from December 23, 2024
- Alternative partial vesting at first shareholders' meeting based on service time ratio
- Vesting conditional on continuous service through vesting date
The transaction was reported via Form 4 filing on June 25, 2025, within the required reporting window. This equity grant aligns the director's interests with shareholders and serves as part of the company's executive compensation strategy.
Positive
- Director Timothy Hayes received 128,474 restricted shares worth approximately $79,654 ($0.62 per share), aligning his interests with shareholders through a one-year vesting schedule
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hayes Timothy
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 are the vesting terms for Timothy Hayes's HIT restricted stock grant?
The restricted shares vest either (i) fully after one year of service from 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 is Timothy Hayes's role at HIT (Health In Tech, Inc.)?
According to the Form 4 filing, Timothy Hayes serves as a Director of Health In Tech, Inc. (HIT). This is indicated by the 'X' marked in the Director box under the relationship section of the filing.
What was the total value of HIT restricted stock granted to Timothy Hayes?
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 Timothy Hayes sign this Form 4 for HIT stock acquisition?
Timothy Hayes signed the Form 4 on June 25, 2025, two days after the transaction date of June 23, 2025, and three days before the filing date of June 28, 2025.