Health In Tech Director Acquires $79.6K in Restricted Stock Grant
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.
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
| 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 are the vesting terms for Timothy Hayes's HIT restricted stock grant?
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When did Timothy Hayes sign this Form 4 for HIT stock acquisition?
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