Shrestha Sanjay K 4
Research Summary
AI-generated summary
Health In Tech (HIT) Director Sanjay Shrestha Receives Award
What Happened
Sanjay K. Shrestha, a director of Health In Tech, received an award of 18,867 shares of Class A common stock on 2026-07-08. The Form 4 reports an acquisition (code A) at a reported price of $1.06 per share for a total value of $19,999. According to the filing, these are restricted shares granted under the Health in Tech Equity Incentive Plan and they vested as of the grant date, meaning the shares were acquired/owned immediately upon grant.
Key Details
- Transaction date: 2026-07-08
- Transaction type/code: Award/Acquisition (A) — restricted stock grant that vested on grant date
- Shares: 18,867 at $1.06 per share; reported total value $19,999
- Plan: Health in Tech Equity Incentive Plan (footnote confirms restricted shares and same-day vesting)
- Shares owned after transaction: Not specified in the Form 4 filing
- Filing: Form filed 2026-07-10 (filed two days after the transaction; appears to be within the typical 2-business-day reporting window)
- Exhibit: Exhibit 24 — Power of Attorney included
Context
This was a compensated equity award of restricted stock that vested immediately — not an open-market purchase or sale. Such grants are typically part of director compensation or incentives; they indicate the insider received equity but do not, by themselves, signal a buy or sell decision about the company’s stock.
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