Healthcare Integrated (HITC) Form 5 Healthcare Integrated / Charles Burns Lobetti III ownership change

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Form 3 Holdings Reported.

X

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

Lobetti Charles Burns III

(Last) (First) (Middle)

814 EVOLVE WAY APT 108

(Street)

KNOXVILLE TN 37915

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Healthcare Integrated Technologies Inc. [ HITC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
07/31/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	07/16/2020		A4(1)	500,000	A	$0.06	500,000	D
Common Stock	07/31/2023		A4(2)	1,500,000	A	$0.11	1,500,000	D
Common Stock	07/31/2024		A4(3)	2,028,764	A	$0.1	2,028,764	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Holdings	$0.15			3(4)			10/08/2019	10/07/2024	Common Stock	150,000		150,000	D
Holdings	$0.15			3(4)			10/08/2020	10/07/2024	Common Stock	150,000		150,000	D
Holdings	$0.15			3(4)			10/08/2021	10/07/2024	Common Stock	150,000		150,000	D
Holdings	$0.15			3(4)			10/08/2022	10/07/2024	Common Stock	150,000		150,000	D

Explanation of Responses:

1. On July 16, 2020, the Board of Directors of the issuer awarded the Reporting Person 600,000 shares of restricted common stock, all of which are currently vested. The shares vested as follows: 7/16/20 - 200,000 shares; 7/16/21 - 100,000 shares; 7/16/22 - 100,000 shares; and 7/16/23 - 100,000 shares.

2. On July 31, 2023, the Board of Directors of the issuer approved the issuance of 1,500,000 shares of common stock to the Reporting Person as partial payment for compensation owed to him as of July 31, 2023 under his Employment Agreement dated October 8, 2019.

3. On July 31, 2024, the Board of Directors of the issuer approved the issuance of 2,028,764 shares of common stock to the Reporting Person as partial payment for compensation owed to him as of July 31, 2024 under his Employment Agreement dated January 31, 2024.

4. On October 8, 2019, the Reporting Person was appointed Chief Financial Officer of the issuer. Upon execution of an Employment Agreement dated on such date, the Reporting Person was awarded 600,000 common stock purchase options, all of which are currently vested. The common stock purchase options vested as follows: 10/8/19 - 150,000 shares; 10/8/20 - 150,000 shares; 10/8/21 - 150,000 shares; and 10/8/22 - 150,000.

	/s/ Charles B. Lobetti, III	08/02/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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