Director Jeffrey Tuder receives 40,789-share grant at Hyperliquid (PURR)

Rhea-AI Filing Summary

Hyperliquid Strategies Inc director Jeffrey Tuder reported an equity award. On February 9, 2026, he acquired 40,789 shares of common stock at a price of $0 through a grant classified as a restricted stock unit award. These restricted stock units are scheduled to vest over three years, with one-third vesting on each of December 2, 2026, December 2, 2027, and December 2, 2028. After this grant, he holds 40,789 shares directly and 8,188 shares indirectly through Tremson Capital Management, LLC, for which he disclaims beneficial ownership except for his pecuniary interest.

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

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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^*

TUDER JEFFREY

(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	40,789	D
Common Stock								8,188	I	See footnote(2)

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.

2. The securities are held directly by Tremson Capital Management, LLC ("Tremson") and indirectly by Jeffrey Tuder, managing member of Tremson. Mr. Tuder disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

	/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 for Jeffrey Tuder?

Hyperliquid director Jeffrey Tuder reported an equity grant of 40,789 shares of common stock on February 9, 2026. The transaction was a grant or award at a price of $0, rather than an open-market purchase or sale.

How do the 40,789 restricted stock units for Hyperliquid (PURR) vest?

The 40,789 restricted stock units vest in three equal installments over time. 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 terms.

Did Jeffrey Tuder buy or sell Hyperliquid (PURR) shares in this Form 4?

The Form 4 shows an acquisition through a grant, not a market buy or sell. Tuder received 40,789 shares at a price of $0 as a grant, classified as a grant, award, or other acquisition.

How many Hyperliquid (PURR) shares does Jeffrey Tuder own after this transaction?

Following the reported grant, Jeffrey Tuder beneficially owns 40,789 shares directly. In addition, 8,188 shares are held indirectly through Tremson Capital Management, LLC, with Tuder disclaiming beneficial ownership except for his pecuniary interest.

What is the nature of Jeffrey Tuder’s indirect Hyperliquid (PURR) holdings?

The indirect holdings consist of 8,188 Hyperliquid common shares held by Tremson Capital Management, LLC. Tuder is the managing member of Tremson and disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

What role does Jeffrey Tuder hold at Hyperliquid Strategies Inc (PURR)?

Jeffrey Tuder is identified as a director of Hyperliquid Strategies Inc. The reported Form 4 reflects an equity grant associated with his role, resulting in 40,789 directly held shares of common stock after the transaction.