Director at Hyperliquid Strategies (PURR) receives 40,789-share stock grant

Rhea-AI Filing Summary

Hyperliquid Strategies Inc director Nailesh Bhatt received a stock award of 40,789 shares of common stock on February 9, 2026. The filing shows this as an acquisition at a price of $0 per share, bringing his directly held stake to 42,871 shares.

The award represents restricted stock units that are scheduled to vest over three years, with one-third vesting on each of December 2, 2026, December 2, 2027, and December 2, 2028. This structure ties Bhatt’s compensation to the company’s longer-term performance and continued service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bhatt Nailesh

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	40,789	$0.00	--

Holdings After Transaction: Common Stock — 42,871 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Bhatt Nailesh

(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)	42,871	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 (PURR) disclose?

Hyperliquid Strategies disclosed that director Nailesh Bhatt acquired 40,789 shares of common stock via a stock grant. The grant increased his directly owned stake to 42,871 shares, aligning part of his compensation with future company performance.

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

After the reported transaction, director Nailesh Bhatt beneficially owns 42,871 shares of Hyperliquid Strategies common stock. This figure includes the 40,789-share award reported in the filing, which was acquired at a stated price of $0 per share.

What type of equity award did Hyperliquid Strategies (PURR) grant to the director?

The award to director Nailesh Bhatt consists of restricted stock units covering 40,789 shares of common stock. These units convert into shares only as they vest over time, encouraging longer-term alignment between the director and shareholders.

How do the Hyperliquid Strategies (PURR) restricted stock units vest?

The 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, assuming the award’s conditions are satisfied.

Was the Hyperliquid Strategies (PURR) insider transaction a market buy or a grant?

The transaction was a grant or award, not a market purchase. The filing codes it as an acquisition with a transaction price of $0 per share, indicating compensatory equity rather than an open-market buy or sell.

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

The reporting person is Nailesh Bhatt, identified as a director of Hyperliquid Strategies Inc. The Form 4 indicates the transaction was reported for his direct ownership of common stock, reflecting changes in his beneficial holdings.