Health In Tech (HIT) CFO surrenders stock to cover taxes
Rhea-AI Filing Summary
Health In Tech, Inc. director and Chief Financial Officer Qian LinLin reported a disposition of Class A Common Stock related to tax withholding. On 2026-08-13, 28,183 shares of Class A Common Stock were surrendered to the company at $1.06 per share to satisfy tax withholding and remittance obligations arising from the vesting of previously granted restricted shares. After this transaction, Qian LinLin directly holds 8,998,392 Class A Common Stock, consisting of 938,743 restricted shares and 8,059,649 unrestricted shares. The reported total excludes 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
Net Seller: 28,183 shares
Net Sell
1 txn
Insider
Qian LinLin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 28,183 | $1.06 | $30K |
Holdings After Transaction:
Class A Common Stock — 8,998,392 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 938,743 restricted shares of Class A Common Stock and 8,059,649 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 tax withholding: 28,183 shares
Reported price per surrendered share: $1.06 per share
Total Class A shares held after transaction: 8,998,392 shares
+4 more
7 metrics
Shares surrendered for tax withholding
28,183 shares
Class A Common Stock delivered on 2026-08-13 to satisfy tax obligations
Reported price per surrendered share
$1.06 per share
Value applied to 28,183 Class A shares used for tax withholding
Total Class A shares held after transaction
8,998,392 shares
Direct holdings of Class A Common Stock following the 2026-08-13 disposition
Restricted Class A shares included in holdings
938,743 shares
Portion of the 8,998,392 Class A shares that are restricted
Unrestricted Class A shares included in holdings
8,059,649 shares
Portion of the 8,998,392 Class A shares that are unrestricted
Excluded Class B shares
2,700,000 shares
Class B Common Stock held but excluded from the Class A holdings total
Excluded options to purchase Class A shares
711,510 options
Options to acquire Class A Common Stock excluded from the Class A holdings total
Key Terms
restricted shares, Class A Common Stock, Class B Common Stock, options to purchase shares
4 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"
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.
FAQ
What did HIT insider Qian LinLin report in this Form 4 transaction?
Qian LinLin reported surrendering 28,183 Class A shares of Health In Tech, Inc. on 2026-08-13. These shares were delivered back to the issuer to cover tax withholding obligations related to the vesting of previously granted restricted stock.
Does Qian LinLin have other HIT equity interests not counted in the Class A total?
Yes. The reported 8,998,392 Class A shares specifically excludes 2,700,000 shares of Class B Common Stock and 711,510 options to purchase Class A Common Stock, which are disclosed separately in the footnotes.
Was the HIT Form 4 transaction by Qian LinLin a market sale or tax withholding?
The transaction was for tax withholding, not an open-market sale. The 28,183 Class A shares were surrendered to the issuer to satisfy tax withholding and remittance obligations arising from restricted stock vesting.
Is the HIT Form 4 transaction reported under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 indicator is unchecked, and the transaction is described as a tax-withholding disposition tied to restricted stock vesting rather than a trade under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.