Health In Tech (HIT) grants 200K restricted shares to Chief Growth Officer
Rhea-AI Filing Summary
Health In Tech, Inc. reported that Chief Growth Officer Hasan Zain Syed received 200,000 restricted shares of Class A common stock on January 6, 2026 under the Health in Tech Equity Incentive Plan. These shares are tied to two proposed issuer transactions. Half of the grant vests in equal monthly installments over 12 months starting at the closing of the first transaction, and the other half vests monthly over 12 months starting at the closing of the second transaction, in each case subject to continued service. If either transaction does not close within 24 months after January 6, 2026, the unvested shares relating to that transaction will be automatically forfeited without payment. Following this grant, Syed beneficially owns 220,000 restricted shares of Class A common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 200,000 | $0.00 | -- |
Footnotes (1)
- Represents restricted shares of Class A Common Stock granted pursuant to the Health in Tech Equity Incentive Plan in connection with two proposed issuer transactions (each, a "Transaction"). Half of the shares vest in equal monthly installments over 12 months starting at the closing of the first Transaction ("First Transaction Shares"). The other half vest in equal monthly installments over 12 months starting at the closing of the second Transaction ("Second Transaction Shares"). Vesting is subject to continued service. If either Transaction does not close within 24 months after January 6, 2026 (the "Grant Date"), unvested shares relating to that Transaction will be automatically forfeited without consideration. Includes 220,000 shares of restricted shares of Class A Common Stock.
FAQ
What insider transaction did Health In Tech (HIT) disclose in this Form 4?
The company disclosed that Chief Growth Officer Hasan Zain Syed was granted 200,000 restricted shares of Class A common stock on January 6, 2026 under the Health in Tech Equity Incentive Plan.
Which executive at Health In Tech (HIT) received this equity grant and what is their role?
The equity grant was made to Hasan Zain Syed, who serves as the company's Chief Growth Officer.