Hyperliquid director awarded 4,764 PURR shares

Hyperliquid Strategies Inc director Thomas C. King received a grant of 4,764 shares of common stock on July 1, 2026.

Rhea-AI Filing Summary

Hyperliquid Strategies Inc director Thomas C. King received a grant of 4,764 shares of common stock on July 1, 2026. The filing states he elected to take this equity instead of cash under the company’s 2025 Equity Incentive Plan, so no purchase occurred in the market.

After this award, King directly holds a total of 76,800 common shares. This is a routine compensation-related acquisition, reflecting additional equity-based pay rather than a discretionary open-market trade.

Insider Trade Summary

Grant/Award: 4,764 shares

Grant/Award 1 txn

Insider KING THOMAS C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,764	$0.00	$0.00

Holdings After Transaction: Common Stock — 76,800 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock the reporting person elected to receive as compensation in lieu of cash pursuant to the Issuer's 2025 Equity Incentive Plan.

Key Figures

Shares granted: 4,764 shares Price per share: $0.00 per share Total shares after: 76,800 shares +1 more

4 metrics

Shares granted 4,764 shares Common Stock grant on July 1, 2026

Price per share $0.00 per share Reported transaction price for grant

Total shares after 76,800 shares Direct holdings following the transaction

Transaction type Grant, award, or other acquisition Code A, non-derivative common stock

Key Terms

2025 Equity Incentive Plan, Grant, award, or other acquisition, Common Stock, Form 4

4 terms

2025 Equity Incentive Plan financial

"pursuant to the Issuer's 2025 Equity Incentive Plan."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hyperliquid Strategies Inc (PURR) director Thomas C. King report in this Form 4?

Thomas C. King reported receiving 4,764 shares of Hyperliquid Strategies common stock. The shares were granted as compensation under the 2025 Equity Incentive Plan, increasing his direct holdings to 76,800 shares after the transaction.

Was the Hyperliquid Strategies (PURR) Form 4 transaction a market buy or sell?

The Form 4 does not show a market buy or sell. It reports an acquisition coded "A" as a grant or award, where Thomas C. King elected to receive 4,764 shares in lieu of cash compensation under the 2025 Equity Incentive Plan.

How many Hyperliquid Strategies (PURR) shares does Thomas C. King hold after this Form 4?

After the reported transaction, Thomas C. King directly holds 76,800 shares of Hyperliquid Strategies common stock. This total reflects his position following the 4,764-share compensation award under the company’s 2025 Equity Incentive Plan.

What is the significance of transaction code "A" in the Hyperliquid Strategies (PURR) Form 4?

Transaction code "A" indicates a grant, award, or other acquisition of securities. In this filing, it reflects 4,764 shares of Hyperliquid Strategies common stock granted as compensation, not an open-market purchase, under the 2025 Equity Incentive Plan.

Did Hyperliquid Strategies (PURR) pay cash for the shares granted to Thomas C. King?

No cash was paid for these shares in the reported transaction. The 4,764 shares of common stock were received by Thomas C. King as compensation instead of cash pursuant to Hyperliquid Strategies’ 2025 Equity Incentive Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 04:51 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

KING THOMAS C.

(Last) (First) (Middle)

C/O HYPERLIQUID STRATEGIES INC

477 MADISON AVENUE, 22ND FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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	07/01/2026		A		4,764	A(1)	(1)	76,800	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 shares of common stock the reporting person elected to receive as compensation in lieu of cash pursuant to the Issuer's 2025 Equity Incentive Plan.

	Jason T. Simon, Attorney-in-Fact	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)