Form 4: Health In Tech Director's Stock Activity

Health In Tech Director Timothy Hayes reported both forfeiture and acquisition of Class A Common Stock, adjusting his beneficial ownership.

Summary

• Timothy Hayes, a Director of Health In Tech, Inc. (HIT), reported changes in his beneficial ownership of Class A Common Stock.
• On October 3, 2025, 28,159 restricted shares of Class A Common Stock were forfeited. These shares were granted under the Health in Tech Equity Incentive Plan and were subject to pro-rata forfeiture upon the annual stockholders meeting.
• Following this forfeiture, beneficial ownership stood at 100,315 shares of Class A Common Stock.
• On October 8, 2025, Mr. Hayes acquired 5,730 restricted shares of Class A Common Stock at a price of $3.49 per share. These shares were also granted under the Health in Tech Equity Incentive Plan.
• The newly acquired restricted shares vest quarterly, contingent on continuous service.
• After these transactions, Mr. Hayes' total beneficial ownership is 106,045 shares, comprising 5,730 restricted shares and 100,315 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The forfeiture of restricted shares was a pre-scheduled event under an equity plan. The subsequent grant of new restricted shares to a director is generally viewed positively as it aligns management's interests with shareholders and provides an incentive for continued service, leading to a net increase in total beneficial ownership.

Positives

• Timothy Hayes, a Director, received a new grant of 5,730 restricted shares of Class A Common Stock, aligning his interests with shareholders.
• The new restricted shares vest quarterly, providing an incentive for continuous service and long-term commitment.

Negatives

• 28,159 restricted shares of Class A Common Stock were forfeited on October 3, 2025, as per the terms of the equity incentive plan.

Risks

• The vesting of the 5,730 restricted shares is subject to Timothy Hayes' continuous service through the vesting dates, meaning the shares could be forfeited if service is terminated prematurely.

Future Outlook

The 5,730 restricted shares acquired on October 8, 2025, will vest quarterly, contingent upon Timothy Hayes' continuous service through each vesting date.

Industry Context

Insider transactions, such as those reported in a Form 4, are routine disclosures that provide transparency into management's equity holdings. While individual transactions may not always signal significant shifts, they offer insights into how executives and directors are compensated and their alignment with shareholder interests through equity ownership. The grant of restricted stock is a common incentive mechanism in the technology and healthcare sectors to retain talent and align long-term performance.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of new restricted stock to a director can be seen as a positive signal of management's continued commitment and alignment with shareholder interests. The forfeiture was a pre-scheduled event under the equity plan.
• Employees (specifically Timothy Hayes): The new restricted stock grant provides a future equity stake and incentive for continued service.

Next Steps

• The 5,730 restricted shares will vest quarterly, subject to Timothy Hayes' continuous service.

Key Dates

Keywords

Health In Tech, HIT, Timothy Hayes, Director, Insider Trading, Form 4, Restricted Stock, Equity Incentive Plan, Beneficial Ownership, Stock Grant, Forfeiture