Hyperliquid COO awarded 421,623 RSUs via entity

Nieuwkoop Jeroen reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Nieuwkoop Jeroen reported acquisition or exercise transactions in this Form 4 filing.

Hyperliquid Strategies Inc reported that SBR Limited, a Hong Kong company controlled by Chief Operating Officer Jeroen Nieuwkoop, received 421,623 restricted stock units (RSUs) of common stock as of June 23, 2026 under an executive placement agreement.

Of these RSUs, 271,923 are scheduled to vest ratably on an annual basis over three years starting on December 2, 2026, and 149,700 are scheduled to vest ratably over three years starting on May 5, 2027. Following the transactions, Nieuwkoop also holds 31,840 common shares directly and 421,623 common shares indirectly through SBR Limited.

Insider Trade Summary

Grant/Award: 421,623 shares

Grant/Award 2 txns

Insider Nieuwkoop Jeroen

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	421,623	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 421,623 shares (Indirect, By SBR Limited); Common Stock — 31,840 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units ("RSUs") received on June 23, 2026 by SBR Limited, a Hong Kong company controlled by the reporting person, in connection with the entry of an executive placement agreement by and between the registrant and SBR Limited, vesting as follows: (a) as to 271,923 RSUs, ratably on an annual basis over 3 years commencing on December 2, 2026, and (b) as to 149,700 units, ratably on an annual basis over 3 years commencing on May 5, 2027.

Key Figures

RSUs granted: 421,623 RSUs First vesting tranche: 271,923 RSUs Second vesting tranche: 149,700 RSUs +3 more

6 metrics

RSUs granted 421,623 RSUs Granted to SBR Limited on June 23, 2026

First vesting tranche 271,923 RSUs Vest ratably over 3 years from December 2, 2026

Second vesting tranche 149,700 RSUs Vest ratably over 3 years from May 5, 2027

Direct common shares 31,840 shares Direct holdings following transactions

Indirect common shares/RSUs 421,623 shares Indirect holdings via SBR Limited following grant

Grant price per share $0.0000 per share Stated price for RSU acquisition

Key Terms

restricted stock units ("RSUs"), executive placement agreement, vesting, ratably, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") received on June 23, 2026 by SBR Limited"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

executive placement agreement financial

"in connection with the entry of an executive placement agreement by and between the registrant and SBR Limited"

vesting financial

"vesting as follows: (a) as to 271,923 RSUs, ratably on an annual basis over 3 years"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

ratably financial

"ratably on an annual basis over 3 years commencing on December 2, 2026"

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By SBR Limited""

FAQ

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

What insider transaction did Hyperliquid Strategies (PURR) report for Jeroen Nieuwkoop?

Hyperliquid Strategies reported an indirect equity award to COO Jeroen Nieuwkoop. SBR Limited, a company he controls, received 421,623 RSUs of common stock on June 23, 2026 under an executive placement agreement, with multi-year vesting schedules.

How many RSUs did SBR Limited receive related to Hyperliquid Strategies (PURR)?

SBR Limited received 421,623 restricted stock units (RSUs) tied to Hyperliquid Strategies common stock. These RSUs were granted in connection with an executive placement agreement and will vest in two separate three-year schedules beginning in December 2026 and May 2027.

What is the vesting schedule for the PURR RSUs granted to SBR Limited?

The RSU grant vests in two tranches. 271,923 RSUs vest ratably over three years starting December 2, 2026, and 149,700 RSUs vest ratably over three years starting May 5, 2027, providing a multi-year equity incentive structure.

Does the Hyperliquid Strategies (PURR) Form 4 show a market purchase or sale by the COO?

The Form 4 does not show any open-market purchases or sales. It reports an equity award of 421,623 RSUs to SBR Limited, controlled by the COO, and a holding entry, reflecting compensation rather than trading activity.

How many Hyperliquid Strategies (PURR) shares does Jeroen Nieuwkoop hold after this filing?

After the reported transactions, Jeroen Nieuwkoop holds 31,840 common shares directly. Indirectly, through SBR Limited, he is associated with 421,623 RSUs, which represent future common shares subject to the specified vesting schedules.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/25/2026 - 05:06 PM EDT 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^*

Nieuwkoop Jeroen

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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	06/23/2026		A		421,623	A(1)	$0(1)	421,623	I	By SBR Limited
Common Stock								31,840	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 ("RSUs") received on June 23, 2026 by SBR Limited, a Hong Kong company controlled by the reporting person, in connection with the entry of an executive placement agreement by and between the registrant and SBR Limited, vesting as follows: (a) as to 271,923 RSUs, ratably on an annual basis over 3 years commencing on December 2, 2026, and (b) as to 149,700 units, ratably on an annual basis over 3 years commencing on May 5, 2027.

	Jason T. Simon, Attorney-in-Fact	06/25/2026
	** 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)