Form 4: Health In Tech Director's Stock Activity Update
Insider Transaction Report
Health In Tech Director William D. Howard reported a forfeiture of 28,159 restricted shares and a new grant of 5,730 restricted shares of Class A Common Stock.
Summary
- Director William D. Howard reported changes in his beneficial ownership of Health In Tech, Inc. Class A Common Stock.
- On October 3, 2025, 28,159 restricted shares of Class A Common Stock were forfeited. These shares were part of the Health in Tech Equity Incentive Plan and were subject to forfeiture upon the annual stockholders meeting.
- On October 8, 2025, Mr. Howard was granted 5,730 restricted shares of Class A Common Stock at a price of $3.49 per share.
- These newly granted restricted shares will vest quarterly, contingent on Mr. Howard's continuous service to the company.
- Following these transactions, Mr. Howard beneficially owns 106,045 shares of Class A Common Stock, which includes the 5,730 restricted shares and 100,315 unrestricted shares.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions (forfeiture and grant of restricted stock) which are part of standard executive compensation plans and do not indicate a significant positive or negative shift in company fundamentals or insider sentiment.
Positives
- Grant of 5,730 restricted shares of Class A Common Stock to Director William D. Howard, indicating continued incentive alignment with the company's performance.
Negatives
- Forfeiture of 28,159 restricted shares of Class A Common Stock by Director William D. Howard, likely due to the expiration of a vesting period or specific conditions tied to the annual stockholders meeting.
Risks
- The newly granted 5,730 restricted shares are subject to forfeiture if the reporting person's continuous service to the company is not maintained through the quarterly vesting dates.
Future Outlook
The vesting schedule for the newly granted restricted shares indicates future quarterly vesting events, contingent on the director's continuous service.
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Incentive Plan Activity | Transactions occurred pursuant to the Health in Tech Equity Incentive Plan, reflecting ongoing use of equity compensation for directors. | 10/03/2025 and 10/08/2025 | Reinforces alignment of director interests with shareholder value through equity-based compensation, subject to performance and service conditions. |
Stakeholder Impact
- Shareholders: Minor impact, as these are routine compensation events for a director, aligning their interests with company performance through equity incentives.
Next Steps
- Quarterly vesting of the 5,730 restricted shares, subject to continuous service by Director William D. Howard.
Key Dates
| Date | Description |
|---|---|
| 10/03/2025 | Annual stockholders meeting date; 28,159 restricted shares were subject to forfeiture on this date. |
| 10/08/2025 | Date of grant for 5,730 restricted shares of Class A Common Stock. |
| 10/10/2025 | Signature date of the Form 4 filing. |
Keywords
Health In Tech, HIT, Form 4, Insider Trading, Stock Grant, Restricted Stock, Equity Incentive Plan, Director Compensation, Beneficial Ownership
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