Health In Tech (HIT) exec surrenders 4,084 shares to cover taxes
Rhea-AI Filing Summary
Health In Tech, Inc. reported that Chief Growth Officer Hasan Zain Syed surrendered 4,084 shares of Class A Common Stock on July 15, 2026 to the company to satisfy tax withholding obligations related to vesting of restricted stock. The shares were valued at $1.04 each. After this tax-withholding disposition, Syed directly holds 204,218 Class A shares, including 189,249 restricted and 14,969 unrestricted shares.
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Insider Trade Summary
Net Seller: 4,084 shares
Net Sell
1 txn
Insider
Hasan Zain Syed
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 4,084 | $1.04 | $4K |
Holdings After Transaction:
Class A Common Stock — 204,218 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 189,249 restricted shares of Class A Common Stock and 14,969 unrestricted shares of Class A Common Stock.
Key Figures
Shares surrendered for taxes: 4,084 shares
Tax withholding value per share: $1.04
Total shares after transaction: 204,218 shares
+2 more
5 metrics
Shares surrendered for taxes
4,084 shares
Class A Common Stock surrendered on 2026-07-15 to satisfy tax withholding obligations
Tax withholding value per share
$1.04
Implied value per surrendered Class A share for tax withholding
Total shares after transaction
204,218 shares
Direct Class A holdings after the tax-withholding disposition
Restricted shares included in holdings
189,249 shares
Restricted Class A shares included in post-transaction direct ownership
Unrestricted shares included in holdings
14,969 shares
Unrestricted Class A shares included in post-transaction direct ownership
Key Terms
restricted shares, Class A Common Stock, tax withholding, service-based vesting requirements
4 terms
Class A Common Stock financial
"restricted shares of Class A Common Stock surrendered to the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hasan Zain Syed report in the latest Form 4 for HIT?
He reported surrendering 4,084 Class A shares to Health In Tech to satisfy tax withholding tied to vesting restricted stock. The transaction used a value of $1.04 per share and left him with 204,218 Class A shares held directly afterward.
What is Hasan Zain Syed's remaining stake in Health In Tech (HIT) after this transaction?
After the tax-withholding disposition, Syed directly holds 204,218 Class A shares of Health In Tech. This reported stake consists of 189,249 restricted shares and 14,969 unrestricted shares, reflecting his updated equity position following the vesting-related event.
Was the Health In Tech (HIT) Form 4 transaction under a Rule 10b5-1 plan?
No, the Rule 10b5-1 checkbox on the Form 4 was not marked as applicable. The transaction is characterized instead as a tax-withholding disposition, where shares were surrendered to cover tax obligations arising from vesting restricted stock awards.
What triggered the tax withholding reported for Health In Tech (HIT)?
The tax withholding arose from the vesting of restricted shares of Class A Common Stock. Footnotes state the surrendered shares covered tax obligations once service-based vesting requirements were satisfied on a previously granted restricted stock award reported in an earlier Form 4.