Health In Tech (HIT) General Counsel awarded 5,000 restricted Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McStravock John reported acquisition or exercise transactions in this Form 4 filing.
Health In Tech, Inc. reported that General Counsel John McStravock received a grant of 5,000 restricted shares of Class A Common Stock as equity compensation. These shares were granted at no cash cost to him.
The restricted shares will vest in equal monthly installments over a twelve-month period starting on April 6, 2026, as long as he continues to serve with the company through each vesting date. After this grant, he holds 5,000 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McStravock John
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 5,000 shares (Direct)
Footnotes (1)
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Key Figures
Restricted share grant: 5,000 shares
Grant price per share: $0.0000 per share
Shares held after grant: 5,000 shares
+2 more
5 metrics
Restricted share grant
5,000 shares
Class A Common Stock awarded to General Counsel
Grant price per share
$0.0000 per share
Reported value on equity award
Shares held after grant
5,000 shares
Direct ownership following transaction
Vesting period
12 months
Equal monthly vesting installments
Vesting start date
April 6, 2026
Commencement of monthly vesting
Key Terms
restricted shares, Equity Incentive Plan, vest, Class A Common Stock, +1 more
5 terms
Equity Incentive Plan financial
"granted to the reporting person pursuant to the Health in Tech Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vest financial
"The restricted shares vest in equal monthly instalments over a twelve (12) month period"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Class A Common Stock financial
"Represents restricted shares of Class A Common Stock granted to the reporting person"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
continued service financial
"subject to the reporting person's continued service with the registrant through each applicable vesting date"
FAQ
What insider transaction did Health In Tech (HIT) report for John McStravock?
Health In Tech reported that General Counsel John McStravock received a grant of 5,000 restricted Class A Common Stock shares. The award represents equity compensation, not an open-market share purchase, and was reported on a Form 4 insider filing.
Is John McStravock’s Form 4 transaction a market purchase of HIT stock?
No, the Form 4 shows a grant of restricted shares, not a market purchase. The 5,000 Class A shares were awarded as compensation with a reported price of $0.0000 per share, rather than bought on the open market.