Platinum Equity Advisors, LLC - Jul 31, 2024 Form 5 Insider Report for Healthcare Integrated Technologies Inc. (HITC)

Role: 10%+ Owner
Signature: /s/ Scott M. Boruff, Manager
Stock symbol: HITC
Transactions as of: Jul 31, 2024
Transactions value $: $1,240,118
Form type: 5
Date filed: 8/2/2024, 04:05 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HITC	Common Stock	Purchase	$768K	+6.98M		$0.11	6.98M	Jul 31, 2023	Direct	F1
transaction	HITC	Common Stock	Purchase	$472K	+4.72M	+208.47%	$0.10	6.98M	Jul 31, 2023	Direct	F2
holding	HITC	Holdings						11.7M	Jul 31, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 31, 2023, the Board of Directors of the issuer approved the issuance of 6,983,343 shares of common stock to the Platinum Equity Advisors, LLC ("Platinum") as payment for accrued compensation owed to its Manager as of July 31, 2023 under the Manager's Employment Agreement with the issuer dated March 13, 2018. The shares were issued to Platinum pursuant to an Assignment of Rights to Compensation agreement between Platinum and the Manager dated May 1, 2021.
F2	On July 31, 2023, the Board of Directors of the issuer approved the issuance of 4,719,500 shares of common stock to Platinum as partial payment for fees owed to Platinum as of July 31, 2023 under a Non-Employee Chief Executive Officer Engagement Agreement dated May 1, 2021.

Content

On July 31, 2023, the Board of Directors of the issuer approved the issuance of 6,983,343 shares of common stock to the Platinum Equity Advisors, LLC ("Platinum") as payment for accrued compensation owed to its Manager as of July 31, 2023 under the Manager's Employment Agreement with the issuer dated March 13, 2018. The shares were issued to Platinum pursuant to an Assignment of Rights to Compensation agreement between Platinum and the Manager dated May 1, 2021.

On July 31, 2023, the Board of Directors of the issuer approved the issuance of 4,719,500 shares of common stock to Platinum as partial payment for fees owed to Platinum as of July 31, 2023 under a Non-Employee Chief Executive Officer Engagement Agreement dated May 1, 2021.