Health In Tech (HIT) CFO Qian LinLin Surrenders Shares for Taxes

What Happened
CFO Qian LinLin surrendered 28,725 restricted shares of Health In Tech Class A common stock on July 15, 2026 at $1.04 per share, resulting in a disposal value of approximately $29,874. The transaction was recorded as a tax-withholding share surrender (code F) related to the vesting of restricted stock.

Key Details

• Transaction date and price: July 15, 2026 — 28,725 shares at $1.04 each; total ~$29,874.
• Filing date: Form 4 filed July 17, 2026; appears to be timely (within required reporting window).
• Shares owned after transaction (per footnote): 984,340 restricted Class A shares + 8,042,235 unrestricted Class A shares = 9,026,575 Class A shares. Excludes 2,700,000 Class B shares and 711,510 options.
• Footnote F1: Shares surrendered were restricted shares given up to satisfy tax withholding obligations tied to vesting.
• Transaction code: F — tax withholding/cashless surrender rather than an open-market sale.

Context
This was a withholding-related surrender of vested restricted stock to cover taxes (a common, routine administrative action), not an open-market sale indicating a directional trade. For retail investors, such transactions typically reflect tax mechanics of equity awards rather than a direct signal about the insider’s view of the company.