Director at Hyperliquid (PURR) awarded 40,789 RSUs

Rhea-AI Filing Summary

Hyperliquid Strategies Inc director Albert D. Dyrness reported receiving a grant of 40,789 restricted stock units (RSUs) of common stock on February 9, 2026 at a price of $0 per unit. Following this award, he beneficially owns 41,671 common shares.

The RSUs are scheduled to vest over three years, with one-third vesting on each of December 2, 2026, December 2, 2027, and December 2, 2028. The filing characterizes the transaction as a grant, award, or other acquisition of shares held directly.

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

OMB Number:			3235-0287
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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^*

Dyrness Albert D.

(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)	41,671	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?

Hyperliquid Strategies Inc (PURR) reported that director Albert D. Dyrness received a grant of 40,789 restricted stock units of common stock. The transaction was recorded at a price of $0 per unit and classified as a grant, award, or other acquisition, not an open-market purchase.

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

After the reported grant, director Albert D. Dyrness beneficially owns 41,671 shares of Hyperliquid Strategies Inc common stock. This figure reflects his holdings following receipt of 40,789 restricted stock units awarded on February 9, 2026, as disclosed in the Form 4 insider filing.

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

The 40,789 restricted stock units vest in three equal installments over three years. One-third vests on December 2, 2026, another third on December 2, 2027, and the final third on December 2, 2028, according to the footnote in the insider transaction disclosure.

Was cash paid for the RSU grant reported by Hyperliquid Strategies Inc (PURR)?

No cash was paid for this RSU grant; the transaction price is listed as $0 per share. The filing describes it as a grant, award, or other acquisition of restricted stock units, which are typically part of equity-based compensation rather than purchased in the open market.

What role does the reporting person hold at Hyperliquid Strategies Inc (PURR)?

The reporting person, Albert D. Dyrness, serves as a director of Hyperliquid Strategies Inc. The Form 4 indicates his relationship to the issuer as a director only, with no officer role or 10% beneficial ownership status checked in the relationship section of the filing.

Is the Hyperliquid Strategies Inc (PURR) RSU award held directly or indirectly?

The RSU-related common stock is reported as held directly by Albert D. Dyrness. The ownership form is marked as “D” for direct, and the filing does not list any nature of indirect beneficial ownership such as trusts, partnerships, or other affiliated entities.