Health In Tech (HIT) CEO Tim D. Johnson Surrenders 46,327 Shares

What Happened

• Tim D. Johnson, CEO of Health In Tech, surrendered 46,327 restricted Class A shares on 2026-08-13 to satisfy tax withholding obligations related to vested restricted stock. The shares were reported at $1.06 each, for an aggregate value of $49,107. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-08-13; filing date: 2026-08-17 (Form 4 accession: 0001213900-26-090793).
• Shares surrendered/ disposed: 46,327 Class A shares at $1.06 each; total value reported $49,107.
• Shares owned after transaction (per filing footnote): 842,491 restricted Class A shares and 22,491,874 unrestricted Class A shares (total 23,334,365 Class A). Excludes 9,000,000 Class B shares and 734,707 options.
• Footnote: The shares were surrendered to the issuer to satisfy tax withholding on previously reported restricted stock that vested (cashless/tax-withholding disposition). The original grant was reported earlier.

Context

• This type of transaction is routine: executives commonly surrender vested restricted shares to cover required tax withholding. It does not indicate an open-market sell or necessarily reflect a view on the company's prospects.