Director at Hyperliquid Strategies (PURR) granted 7,367 shares

Rhea-AI Filing Summary

Rosengren Eric S reported acquisition or exercise transactions in this Form 4 filing.

Hyperliquid Strategies Inc director Eric S. Rosengren received a grant of 7,367 restricted shares of common stock as compensation in lieu of cash under the company’s 2025 Equity Incentive Plan. Following this award, he directly holds 72,036 shares of Hyperliquid Strategies common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rosengren Eric S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,367	$0.00	--

Holdings After Transaction: Common Stock — 72,036 shares (Direct)

Footnotes (1)

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Key Figures

Restricted share grant: 7,367 shares Post-transaction holdings: 72,036 shares Grant price per share: $0.00 per share

3 metrics

Restricted share grant 7,367 shares Award of common stock as compensation in lieu of cash

Post-transaction holdings 72,036 shares Eric S. Rosengren’s direct common stock ownership after grant

Grant price per share $0.00 per share Equity compensation grant, no cash paid by director

Key Terms

restricted shares, 2025 Equity Incentive Plan, grant, award, or other acquisition, Form 4

4 terms

restricted shares financial

"Represents restricted shares of common stock the reporting person elected to receive as compensation"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

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"

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.

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^*

Rosengren Eric S

(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)
04/01/2026

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	04/01/2026		A		7,367	A(1)	$0(1)	72,036	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 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.

	/s/ Jason T. Simon, Attorney-in-Fact	04/02/2026
	** 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)

FAQ

What insider transaction did Hyperliquid Strategies (PURR) report?

Hyperliquid Strategies reported that director Eric S. Rosengren received 7,367 restricted shares of common stock as a compensation grant. The shares were issued under the company’s 2025 Equity Incentive Plan instead of a cash payment for services rendered.

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

After the grant, director Eric S. Rosengren holds 72,036 shares of Hyperliquid Strategies common stock directly. This figure reflects his updated ownership position following receipt of 7,367 restricted shares as equity compensation in lieu of cash.

Was cash involved in Eric Rosengren’s latest Hyperliquid Strategies (PURR) Form 4 transaction?

No cash changed hands in this transaction. Eric S. Rosengren elected to receive 7,367 restricted shares of common stock as compensation instead of a cash payment, pursuant to Hyperliquid Strategies’ 2025 Equity Incentive Plan for directors.

What does the Form 4 grant mean for Hyperliquid Strategies (PURR) director compensation?

The Form 4 shows that Eric S. Rosengren chose equity-based compensation, receiving 7,367 restricted shares. This indicates part of director pay is delivered in stock under the 2025 Equity Incentive Plan, aligning compensation with company share performance over time.

Is Eric Rosengren’s Hyperliquid Strategies (PURR) transaction a purchase or an award?

The transaction is an award, not an open-market purchase. The filing classifies it as a grant or other acquisition, with 7,367 restricted shares issued as compensation in lieu of cash, rather than shares being bought on the open market.