Director Timothy Hayes receives 13,598 HIT shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hayes Timothy reported acquisition or exercise transactions in this Form 4 filing.
Health In Tech, Inc. director Timothy Hayes received a grant of 13,598 restricted shares of Class A Common Stock on April 8, 2026 under the Health in Tech Equity Incentive Plan. The filing reports the transaction at $1.36 per share.
The footnote states these restricted shares vested as of the grant date, meaning they became fully owned immediately. Following this equity award, Hayes directly holds 119,643 shares of Class A Common Stock.
Positive
- None.
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 | 13,598 | $1.36 | $18K |
Holdings After Transaction:
Class A Common Stock — 119,643 shares (Direct)
Footnotes (1)
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Key Figures
Restricted shares granted: 13,598 shares
Reported share price: $1.36 per share
Total shares after grant: 119,643 shares
3 metrics
Restricted shares granted
13,598 shares
Class A Common Stock award on April 8, 2026
Reported share price
$1.36 per share
Transaction price for restricted stock grant
Total shares after grant
119,643 shares
Direct Class A Common Stock holdings following transaction
Key Terms
restricted shares, Equity Incentive Plan, Class A Common Stock
3 terms
Equity Incentive Plan financial
"granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Class A Common Stock financial
"Represents restricted shares of Class A Common Stock granted to the reporting person"
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.
FAQ
What insider transaction did Health In Tech (HIT) report for Timothy Hayes?
Health In Tech reported that director Timothy Hayes received a grant of 13,598 restricted shares of Class A Common Stock. The award was made under the Health in Tech Equity Incentive Plan and is recorded at a transaction price of $1.36 per share.
Was the Health In Tech (HIT) Form 4 transaction a market purchase or a grant?
The Form 4 for Health In Tech shows a grant or award acquisition, not an open-market purchase. Timothy Hayes received 13,598 restricted shares as equity compensation under the Health in Tech Equity Incentive Plan, with the shares vesting immediately on the grant date.