Director Thomas C. King granted 40,789 shares at Hyperliquid (PURR)

Rhea-AI Filing Summary

Hyperliquid Strategies Inc director Thomas C. King reported an acquisition of company stock through an equity grant. On February 9, 2026, he received 40,789 shares of Common Stock at a price of $0.00 per share as a grant, increasing his directly held position to 64,669 shares.

The grant 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, aligning potential ownership with longer-term service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KING THOMAS C.

Role Director

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

Holdings After Transaction: Common Stock — 64,669 shares (Direct)

Footnotes (1)

1. [object Object]

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^*

KING THOMAS C.

(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)	64,669	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) disclose for Thomas C. King?

Hyperliquid Strategies Inc reported that director Thomas C. King acquired 40,789 shares of Common Stock via a grant. The transaction occurred on February 9, 2026, at a stated price of $0.00 per share, increasing his direct holdings to 64,669 shares after the award.

Was the Hyperliquid Strategies Inc (PURR) Form 4 transaction a purchase or a grant?

The Form 4 shows a grant, not an open-market purchase. Transaction code "A" indicates a grant, award, or other acquisition of 40,789 Common Stock shares at $0.00 per share, structured as restricted stock units subject to future vesting over three years.

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

After the reported grant, Thomas C. King beneficially owns 64,669 shares of Hyperliquid Strategies Inc Common Stock directly. This figure reflects the addition of 40,789 granted shares to his prior holdings, as disclosed in the Form 4 ownership table.

How do the restricted stock units for Hyperliquid Strategies Inc (PURR) vest for Thomas C. King?

The restricted stock units vest over three years in equal installments. One-third of the 40,789 units vest on December 2, 2026, another third on December 2, 2027, and the final third on December 2, 2028, subject to the applicable grant terms.

What role does Thomas C. King hold at Hyperliquid Strategies Inc (PURR)?

Thomas C. King is a director of Hyperliquid Strategies Inc. The Form 4 indicates his relationship to the issuer as a director, and the reported 40,789-share grant of restricted stock units serves as part of his equity-based director compensation package.

Is Thomas C. King’s ownership in Hyperliquid Strategies Inc (PURR) direct or indirect after the grant?

The Form 4 states that Thomas C. King’s 64,669 shares of Common Stock are held directly. The ownership code "D" in the filing’s table confirms direct beneficial ownership, with no separate indirect ownership entity disclosed in the provided information.