Health In Tech (HIT): CEO Awarded 80K Restricted Class A Shares with Milestone Vesting
Rhea-AI Filing Summary
Health In Tech, Inc. (HIT) reported an insider grant to Tim Johnson, who is the company's Chief Executive Officer, a director and a >10% owner. On 09/24/2025 Mr. Johnson was granted 80,000 restricted shares of Class A Common Stock under the Health in Tech Equity Incentive Plan at no cash price. The restricted shares vest in three equal tranches, each vesting monthly over a 12-month period tied to milestones: signing a letter of intent or MOU for an initiative, proof-of-concept or beta launch, and full commercial launch. After the grant Mr. Johnson beneficially owns 22,549,741 shares (which the form notes includes 137,495 restricted shares and 22,412,246 Class A shares); the filing excludes 9,000,000 Class B shares and 734,707 options.
Positive
- 80,000 restricted Class A shares were granted to CEO Tim Johnson, providing equity-based alignment with company performance
- Vesting tied to specific milestones (LOI/MOU, proof-of-concept/beta, full commercial launch), aligning incentives with operational progress
- Clear disclosure of post-grant beneficial ownership and exclusions (restricted shares, Class B, and options) on Form 4
Negative
- None.
Insights
TL;DR: CEO received 80,000 restricted Class A shares with milestone-based vesting, increasing reported beneficial ownership to 22.55M shares.
The grant represents a non-cash, equity-based compensation event recorded on Form 4 for timeliness and disclosure. Vesting is tied to specific operational milestones rather than time alone, aligning payoff with commercial progress. The post-grant beneficial ownership figure reported includes restricted shares and outstanding Class A shares but explicitly excludes substantial Class B holdings and outstanding options, which are material to control and potential dilution analyses. This transaction is routine for executive compensation and informative for ownership tracking.
TL;DR: Milestone-linked restricted-stock grant to CEO signals incentive alignment with company initiatives and requires continued disclosure as milestones progress.
The Form 4 discloses the grant structure and vesting triggers clearly, which is good governance practice for transparency. The filing confirms Mr. Johnson's roles as CEO and director and reports his beneficial ownership after the grant. The form also transparently notes exclusions (Class B shares and options) from the reported Class A total, which stakeholders should consider when assessing voting control and future dilution. No amendment or sale activity is reported.