Health In Tech, Inc.·4

Jun 18, 8:52 AM ET

Qian LinLin 4

Research Summary

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Health In Tech (HIT) CFO Qian LinLin Surrenders 28,451 Shares (Tax Withholding)

What Happened

  • Qian LinLin, Chief Financial Officer of Health In Tech, surrendered 28,451 restricted Class A shares to the company on June 15, 2026 to satisfy tax withholding obligations. The shares were valued at $1.05 each for a total of $29,874. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

  • Transaction date and price: June 15, 2026 — 28,451 shares at $1.05 per share.
  • Total value of surrendered shares: $29,874.
  • Reported holdings after transaction (per filing footnote): 1,030,065 restricted Class A shares and 8,025,235 unrestricted Class A shares. Excludes 2,700,000 Class B shares and 711,510 options to purchase Class A shares (per footnote F2).
  • Footnote F1: These were restricted shares surrendered to the issuer to satisfy tax withholding in connection with vesting of restricted shares previously reported.
  • Filing timing: Form 4 was filed on June 18, 2026 for a June 15 transaction. Form 4s are generally due within two business days; this filing appears to have been submitted after that standard window.

Context

  • This was a routine tax-withholding surrender tied to vesting, not an active open-market sale. Such transactions are common when restricted stock awards vest and do not necessarily signal insider sentiment about the company’s stock.