Health In Tech, Inc. (HIT) Form 8-K — Oct 26, 2026
Health In Tech (Nasdaq: HIT) appointed Sanjay Shrestha as CEO effective October 20, 2026, replacing founder Tim Johnson, who transitions to Executive Chairman. Johnson's move was explicitly stated to not result from any disagreement with company operations, policies or practices. Shrestha previously served as President of Plug Power (Nasdaq: PLUG) and was a HIT independent director from April 2025 to August 2026, then Strategic Advisor to the Board. His mandate emphasizes commercial execution, scaling the AI-enabled health insurance marketplace, and pursuing strategic acquisitions and partnerships.
Key figures
- Base Salary
- 500000
- Annual Bonus Range
- 0%-200% of base salary
- Sign On Award Shares
- 2000000
- Market Cap Thresholds
- ["$150M (April 30, 2028)","$300M (Dec 31, 2028)","$500M (Dec 31, 2029)","$1B (Dec 31, 2031)"]
- Market Cap Award Shares
- 4500000
- Salary Increase Trigger
- greater of $700,000 or market rate upon raising at least $10,000,000
- Acquisition Award Shares
- 1,500,000-2,000,000
- Equity Awards Total Shares
- 8000000
AI analysis
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