Qian LinLin 4
Research Summary
AI-generated summary
Health In Tech (HIT) CFO Qian LinLin Surrenders 21,480 Shares
What Happened
Qian LinLin, Chief Financial Officer of Health In Tech, surrendered 21,480 shares of Class A common stock on April 15, 2026 to satisfy tax-withholding obligations. The shares were valued at $1.50 each, for a total of $32,220. This was a share-for-tax-withholding transaction (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: April 15, 2026 — 21,480 shares at $1.50 per share (total $32,220).
- Shares owned after transaction: 9,107,075 Class A shares total (1,086,284 restricted; 8,020,791 unrestricted), per footnote disclosure. Excludes 2,700,000 Class B shares and 711,510 options.
- Footnote: The surrendered shares were restricted Class A shares withheld to satisfy tax obligations tied to vested restricted stock (see footnote F1). The related restricted-stock grant was previously reported on Form 4 filed January 8, 2026.
- Filing: Form 4 was filed April 17, 2026 for the April 15 transaction — appears to be filed within the normal 2-business-day window.
Context
This was a routine tax-withholding transaction upon vesting of restricted shares (cashless/share-surrender method). Such surrenders are administrative and do not necessarily indicate the insider’s view on the company’s prospects.
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