Hasan Zain Syed 4
Research Summary
AI-generated summary
Health In Tech (HIT) CGO Hasan Zain Syed Surrenders 4,084 Shares
What Happened
- Hasan Zain Syed, Chief Growth Officer of Health In Tech, surrendered 4,084 shares of Class A common stock on 2026-07-15 to satisfy tax withholding obligations tied to the vesting of restricted shares. The shares were recorded at $1.04 each for a total value of $4,247. This was a withholding/disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-07-15, 4,084 shares at $1.04 per share (total ~$4,247).
- Shares owned after transaction: 204,218 total shares (includes 189,249 restricted shares and 14,969 unrestricted shares) [per footnote].
- Footnote: The surrendered shares represent restricted Class A shares withheld to cover taxes on vested restricted stock; the original restricted-stock grant was previously reported by the insider.
- Filing: Form 4 filed 2026-07-17 for a 2026-07-15 transaction — filed within the typical two-business-day window (timely).
Context
- Code F transactions are administrative tax-withholding events where restricted shares are surrendered to the issuer to cover tax liabilities; they do not reflect an open-market sale or a new investment decision. The underlying restricted shares were previously granted and reported.