Health In Tech (HIT) exec surrenders stock to cover taxes
Rhea-AI Filing Summary
Health In Tech, Inc. officer Hasan Zain Syed reported a disposition of 4,007 shares of Class A Common Stock on 2026-08-13 at $1.06 per share. The shares were surrendered to cover tax withholding related to vesting of previously granted restricted stock. After this tax-withholding disposition, Syed directly holds 200,211 shares, including 179,326 restricted and 20,885 unrestricted shares of Class A Common Stock.
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Insider Trade Summary
Net Seller: 4,007 shares
Net Sell
1 txn
Insider
Hasan Zain Syed
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 4,007 | $1.06 | $4K |
Holdings After Transaction:
Class A Common Stock — 200,211 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 179,326 restricted shares of Class A Common Stock and 20,885 unrestricted shares of Class A Common Stock.
Key Figures
Shares surrendered for tax: 4,007 shares
Transaction price per share: $1.06 per share
Shares held after transaction: 200,211 shares
+2 more
5 metrics
Shares surrendered for tax
4,007 shares
Restricted Class A Common Stock surrendered on 2026-08-13 to satisfy tax withholding
Transaction price per share
$1.06 per share
Value assigned to the 4,007 surrendered shares of Class A Common Stock
Shares held after transaction
200,211 shares
Direct Class A Common Stock holdings after the 2026-08-13 disposition
Restricted shares held
179,326 shares
Restricted Class A Common Stock included in post-transaction holdings
Unrestricted shares held
20,885 shares
Unrestricted Class A Common Stock included in post-transaction holdings
Key Terms
restricted shares, tax withholding, Class A Common Stock, Form 4
4 terms
tax withholding financial
"surrendered to the Issuer to satisfy tax withholding and remittance obligations"
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.
Class A Common Stock financial
"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.
Form 4 regulatory
"previously reported by the reporting person on a Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What transaction did Hasan Zain Syed report on Form 4 for HIT?
Hasan Zain Syed reported surrendering 4,007 shares of Health In Tech Class A Common Stock on 2026-08-13. The shares were delivered to the issuer to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock.
Was Hasan Zain Syed’s HIT Form 4 transaction a market sale or tax withholding?
The Form 4 describes the transaction as payment of tax liability by delivering or withholding securities, not an open-market sale. Restricted shares were surrendered back to the issuer to cover tax withholding and remittance obligations upon vesting of restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.