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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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.
How do the 200,000 restricted shares granted to Hasan Zain Syed vest at Health In Tech (HIT)?
Half of the restricted shares vest in equal monthly installments over 12 months starting at the closing of the first proposed transaction, and the other half vest monthly over 12 months starting at the closing of the second proposed transaction, subject to continued service.
What happens to the restricted shares if the proposed transactions at Health In Tech (HIT) do not close?
If either proposed transaction does not close within 24 months after January 6, 2026, any unvested restricted shares relating to that specific transaction will be automatically forfeited without consideration.
How many Health In Tech (HIT) shares does Hasan Zain Syed own after this grant?
After the reported grant, Hasan Zain Syed beneficially owns 220,000 restricted shares of Health In Tech Class A common stock, held directly.
Was there any cash paid for the restricted shares granted to the Health In Tech (HIT) executive?
The reported transaction shows an acquisition of 200,000 restricted shares of Class A common stock at a stated price of $0 per share.
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.