Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Health In Tech, Inc. (HIT)

Health In Tech Names Sanjay Shrestha CEO; Founder Tim Johnson Becomes Executive Chairman

Neutral Impact 4 of 5 leadership Written later

Health In Tech appointed Sanjay Shrestha as Chief Executive Officer effective October 20, 2026, succeeding founder Tim Johnson, who became Executive Chairman on the same date. The filing sets out Shrestha's employment terms and restricted stock awards, and part of the equity grant depends on stockholder approval of a plan amendment.

Key points

  • Shrestha, age 52, previously served as a director from April 2025 until his resignation in August 2026.
  • Base salary is $500,000, increasing to at least $700,000 upon the Company raising at least $10,000,000.
  • Sign-On Award of 2,000,000 Class A shares; Market Capitalization Awards total 4,500,000 shares.
  • MC-2, MC-3 and MC-4 tranches (2,500,000 shares) depend on stockholder approval at the November 10, 2026 annual meeting.

The filing

CompanyHealth In Tech, Inc. (HIT)
Form8-K, current report
Filed with the SECOct 26, 2026, 4:33 PM ET
Accession number0001213900-26-112502

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.