Director at Hyperliquid (PURR) awarded 40,789 RSUs vesting 2026–2028

Rhea-AI Filing Summary

Hyperliquid Strategies Inc director Robert E. Diamond Jr. received a grant of 40,789 shares of common stock on February 9, 2026 as a stock award, at a stated price of $0 per share. After this grant, he directly beneficially owns 677,589 common shares.

The award represents restricted stock units scheduled to vest over three years, with one-third vesting on each of December 2, 2026, December 2, 2027, and December 2, 2028. This filing reports an equity-based compensation grant rather than an open-market stock purchase or sale.

SEC Form 4

FORM 4

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

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

OMB APPROVAL

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Diamond Robert E. Jr.

(Last) (First) (Middle)

C/O HYPERLIQUID STRATEGIES INC

477 MADISON AVENUE, 22ND FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hyperliquid Strategies Inc [ PURR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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 Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		A		40,789	A(1)	$0(1)	677,589	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units scheduled to vest over a three-year period, with one-third vesting on each of December 2, 2026, December 2, 2027 and December 2, 2028.

	/s/ Jason T. Simon, Attorney-in-Fact	02/11/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Hyperliquid Strategies Inc (PURR) report in this Form 4?

Hyperliquid Strategies Inc reported that director Robert E. Diamond Jr. received a grant of 40,789 shares of common stock as a stock award. This equity grant is classified as an acquisition under transaction code A, not an open-market purchase or sale.

How many Hyperliquid Strategies Inc (PURR) shares does the director own after this grant?

After the reported grant, director Robert E. Diamond Jr. beneficially owns 677,589 shares of Hyperliquid Strategies Inc common stock. The filing indicates these shares are held directly, reflecting his updated equity stake following the 40,789‑share restricted stock unit award.

What is the vesting schedule for the 40,789 restricted stock units at Hyperliquid Strategies Inc (PURR)?

The 40,789 restricted stock units vest over three years, in three equal installments. One-third vests on December 2, 2026, another third on December 2, 2027, and the final third on December 2, 2028, subject to the award’s standard conditions.

Was the Hyperliquid Strategies Inc (PURR) director’s Form 4 transaction a purchase or a grant?

The transaction was a grant, not an open-market purchase. The Form 4 lists transaction code A, described as a grant, award, or other acquisition, with 40,789 common stock shares awarded at a stated price of $0 per share as restricted stock units.

Who is the reporting person in the Hyperliquid Strategies Inc (PURR) Form 4 filing?

The reporting person is Robert E. Diamond Jr., who serves as a director of Hyperliquid Strategies Inc. The filing shows that he filed individually, reports direct ownership, and discloses the equity grant that increases his beneficially owned common stock position.