Health In Tech Raises 2024 Plan Share Reserve to 30.7M Ahead of November 10 Vote
HIT is trading near its 52-week low of $0.5 (14% above the low) on light trading volume (0.3× avg).
Summary
Health In Tech's proxy supplement doubles the requested 2024 equity-plan share increase to 20,000,000 Class A shares (about 37.3% of Class A outstanding) and voids all prior proxies, requiring shareholders to re-vote before the November 10 meeting.
Key Events · Corporate Governance and Compliance · HIT
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Plan Reserve Increase Doubled
Amended Proposal Four now seeks to raise the 2024 Plan's Class A reserve from 10,677,849 to 30,677,849 shares, up from the 20,677,849 originally proposed.
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Dilution Scale
The 20,000,000 additional shares equal roughly 37.3% of the 53,600,790 Class A shares outstanding as of the September 18, 2026 record date.
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CEO Awards Contingent on Vote
Sanjay Shrestha's MC-2, MC-3 and MC-4 tranches totaling 2,500,000 Class A shares vest only if shareholders approve Amended Proposal Four; otherwise they are forfeited.
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Prior Proxies Voided
All previously submitted proxies are disregarded and will not count toward quorum; new votes must be cast by 11:59 p.m. ET on November 9, 2026 for the November 10 meeting.
Analysis · HIT · Finance
One day before mailing, the Board doubled the requested equity-plan increase from 10 million to 20 million additional Class A shares. That 20,000,000-share increase equals roughly 37.3% of the 53,600,790 Class A shares outstanding. Most of the increase funds new CEO Sanjay Shrestha's contingent awards, including 2,500,000 shares that are forfeited if shareholders reject the proposal. Because every previously submitted proxy is now void, holders must vote again by November 9 or their shares will not count toward quorum or any proposal — including the separate Yorkville SEPA issuance approval and the authorized-share tripling to 720 million.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HIT was trading at $0.57 on NASDAQ in the Finance sector, with a market capitalization of approximately $42.4M. The 52-week trading range was $0.50 to $3.11. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.