Qian LinLin 4
Research Summary
AI-generated summary
Health In Tech (HIT) CFO Qian LinLin Surrenders 23,324 Shares
What Happened
- Qian LinLin, Chief Financial Officer of Health In Tech, surrendered 23,324 shares of Class A common stock to the company on May 14, 2026 to satisfy tax withholding obligations. The shares were valued at $1.23 each for a total of $28,689. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: May 14, 2026 — 23,324 shares at $1.23 per share (total $28,689).
- Shares owned after the transaction: 1,060,738 restricted Class A shares and 8,023,013 unrestricted Class A shares (total 9,083,751 Class A shares). Excludes 2,700,000 Class B shares and 711,510 options to purchase Class A shares (per footnote).
- Footnote F1: These surrendered shares represent restricted Class A shares withheld to satisfy tax withholding for recently vested restricted shares; the original grant was previously reported on a Form 4.
- Filing: Form filed May 18, 2026 reporting the May 14 transaction (filing date shown on the Form 4).
Context
- This was a routine tax-withholding surrender related to vested restricted stock (a common administrative step) rather than a voluntary sale in the open market; such transactions typically reflect tax compliance rather than insider sentiment about the company.