Health In Tech CGO surrenders shares for tax withholding
Health In Tech, Inc. Chief Growth Officer Hasan Zain Syed reported a compensation-related share disposition tied to tax withholding.
Rhea-AI Filing Summary
Health In Tech, Inc. Chief Growth Officer Hasan Zain Syed reported a compensation-related share disposition tied to tax withholding. On restricted stock vesting, he surrendered 4,205 shares of Class A Common Stock at $1.23 per share to cover tax obligations rather than selling them in the market.
After this transaction, Syed directly holds 212,347 Class A shares, including 205,680 restricted shares and 6,667 unrestricted shares. This filing reflects routine tax withholding associated with previously reported restricted stock awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 4,205 | $1.23 | $5K |
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 205,680 restricted shares of Class A Common Stock and 6,667 unrestricted shares of Class A Common Stock.
Key Figures
Key Terms
tax withholding financial
service-based vesting requirements financial
Class A Common Stock financial
Form 4 regulatory
FAQ
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What did Health In Tech (HIT) Chief Growth Officer report in this Form 4?
Was the Health In Tech (HIT) Form 4 transaction an open-market sale?
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