Hasan Zain Syed 4

What Happened
Hasan Zain Syed, Chief Growth Officer of Health In Tech, surrendered 4,205 shares of Class A common stock on May 14, 2026 to satisfy tax withholding obligations tied to the vesting of restricted shares. The shares were recorded at $1.23 each, totaling approximately $5,172. This was a tax-withholding/net-share settlement (not an open-market sale).

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (appears timely).
• Shares surrendered/disposed: 4,205 at $1.23 per share; total value ≈ $5,172.
• Nature of transaction: Code F — shares surrendered to issuer to satisfy tax withholding on vested restricted stock (see footnote F1).
• Holdings reported (per footnote F2): includes 205,680 restricted shares and 6,667 unrestricted shares (as reported by the insider).
• Filing type: Form 4 (insider report). This is a routine tax withholding action, not a market sale or purchase.

Context
Surrendering shares for tax withholding is a common administrative step when restricted stock vests; it reduces the insider’s outstanding restricted shares but does not necessarily indicate a change in sentiment about the company. Unlike an open-market sale, these shares were returned to the issuer to cover tax obligations (a “net share settlement”).