Health In Tech (HIT) CFO surrenders 21,480 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Financial Officer Qian LinLin reported a routine tax-related share disposition. On the vesting of previously granted restricted Class A Common Stock, 21,480 shares were surrendered to the company at $1.50 per share to satisfy tax withholding and remittance obligations, rather than sold on the open market.
After this tax-withholding disposition, LinLin directly holds 9,107,075 shares of Class A Common Stock, consisting of 1,086,284 restricted shares and 8,020,791 unrestricted shares, while separately excluding 2,700,000 shares of Class B Common Stock and 711,510 options to purchase Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Qian LinLin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 21,480 | $1.50 | $32K |
Holdings After Transaction:
Class A Common Stock — 9,107,075 shares (Direct)
Footnotes (1)
- 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 filed on January 8, 2026. Includes 1,086,284 restricted shares of Class A Common Stock and 8,020,791 unrestricted shares of Class A Common Stock. Excludes 2,700,000 shares of Class B Common Stock and 711,510 options to purchase shares of Class A Common Stock.
Key Figures
Shares surrendered for taxes: 21,480 shares
Implied tax price per share: $1.50/share
Class A shares after transaction: 9,107,075 shares
+4 more
7 metrics
Shares surrendered for taxes
21,480 shares
Restricted Class A Common Stock used to satisfy tax withholding
Implied tax price per share
$1.50/share
Value used for restricted shares surrendered for taxes
Class A shares after transaction
9,107,075 shares
Total Class A Common Stock directly held following disposition
Restricted Class A shares held
1,086,284 shares
Portion of post-transaction Class A position subject to restrictions
Unrestricted Class A shares held
8,020,791 shares
Unrestricted portion of Class A holdings after transaction
Excluded Class B shares
2,700,000 shares
Class B Common Stock interests noted as excluded
Excluded stock options
711,510 options
Options to purchase Class A Common Stock excluded from Class A total
Key Terms
restricted shares, Class A Common Stock, Class B Common Stock, tax withholding, +1 more
5 terms
Class A Common Stock financial
"Represents 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.
Class B Common Stock financial
"Excludes 2,700,000 shares of Class B Common Stock and 711,510 options"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
tax withholding financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting"
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.
FAQ
What did HIT CFO Qian LinLin report in this Form 4 filing?
Qian LinLin reported surrendering 21,480 Class A Common Stock shares to Health In Tech, Inc. to cover tax withholding obligations on vesting restricted stock. This was a non-market, tax-related disposition, not an open-market purchase or sale of shares.