HIT Director Reports 5,730 Restricted Shares at $3.49; Ownership 68,735
Rhea-AI Filing Summary
Insider transactions by Director Sanjay K. Shrestha at Health In Tech, Inc. (HIT). The form reports a disposition of 65,469 Class A common shares on 10/03/2025 that were restricted shares subject to forfeiture tied to the annual stockholders meeting. The filing also shows an acquisition of 5,730 restricted Class A shares on 10/08/2025 at a purchase price of $3.49 per share; those restricted shares vest quarterly from the grant date with continued service. After these transactions the reporting person beneficially owned 68,735 Class A shares on a direct basis.
Positive
- Acquisition of 5,730 restricted shares at $3.49 on 10/08/2025, increasing aligned ownership
- Beneficial ownership of 68,735 shares on a direct basis after the transactions, showing continued stake
Negative
- Disposition of 65,469 restricted shares on 10/03/2025 due to forfeiture conditions at the annual meeting
- New restricted shares vest quarterly, so ownership is subject to forfeiture if service conditions lapse
Insights
Director sold forfeitable restricted shares and acquired new restricted stock that vests quarterly.
The reported disposition of 65,469 restricted shares on 10/03/2025 reflects shares that were subject to pro‑rata forfeiture tied to the issuer's annual meeting; this is an administrative settlement of forfeitable awards rather than an open‑market sale. The reporting person subsequently purchased 5,730 restricted shares on 10/08/2025 at $3.49 per share under the company's equity incentive plan.
Key dependencies and near‑term items to watch include the quarterly vesting schedule for the new restricted shares and any future Form 4s that disclose market sales or option exercises; these will change direct beneficial ownership levels over the next quarters as vesting occurs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,730 | $3.49 | $20K |
| Disposition | Class A Common Stock | 65,469 | $0.00 | -- |
Footnotes (1)
- Represent restricted shares of Class A Common Stock granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan, which were subject to forfeiture on a pro-rata basis upon the issuer's annual stockholders meeting held on October 3, 2025. Represent restricted shares of Class A Common Stock granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan. The shares of restricted stock vest quarterly commencing upon the date of grant, subject to the reporting person's continuous service through the vesting date. Includes 5,730 shares of restricted stock and 63,005 shares of Class A Common Stock.