TALK Form 4: Shachar Erez Receives 33,509 RSUs, Discloses Indirect Holdings
Rhea-AI Filing Summary
Shachar Erez, a director of Talkspace, Inc. (TALK), reported two grants of restricted stock units (RSUs) on 09/01/2025. One award of 4,680 RSUs vested in full on the grant date and another award of 28,829 RSUs vests 25% after 12 months and the remaining 75% in 12 substantially equal quarterly installments, subject to continued service. Following the transactions, Mr. Erez directly beneficially owns 369,970 shares and Qumra Capital II, L.P. indirectly holds 8,573,437 shares; the filings were signed by an attorney-in-fact on 09/03/2025.
Positive
- Immediate vesting of 4,680 RSUs increases the reporting person’s direct ownership without future service condition
- Structured vesting for 28,829 RSUs aligns director incentives with ongoing service and future performance
- Clear disclosure of both direct and indirect beneficial ownership, including pecuniary interest disclaimer
Negative
- None.
Insights
TL;DR: Routine director equity awards disclosed; one grant fully vested immediately, another follows standard multi-year vesting.
The Form 4 documents non-derivative grants to a director rather than purchases or sales. Immediate vesting of 4,680 RSUs increases the director's direct stake immediately, while the 28,829-RSU award uses time-based vesting that aligns director incentives with future company performance and retention. The disclosure also clarifies indirect holdings via Qumra entities and includes a pecuniary interest disclaimer; no sales, option exercises, or derivative transactions were reported.
TL;DR: Disclosure shows increased beneficial ownership and substantial indirect holdings by an affiliated investment vehicle.
The report quantifies the director's direct holdings at 369,970 shares post-grant and identifies significant indirect ownership of 8,573,437 shares held by Qumra Capital II, L.P. The awards were issued at $0 price as RSUs, indicating compensation rather than open-market activity. This filing is informational for ownership tracking; it does not report a change in outstanding options or debt instruments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,680 | $0.00 | -- |
| Grant/Award | Common Stock | 28,829 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Talkspace, Inc. common stock. The RSUs vest in full on the grant date, September 1, 2025. Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Talkspace, Inc. common stock. The RSUs vest with respect to 25% of the award on the twelve month anniversary of the grant date, and with respect to the remaining 75% of the award, in 12 substantially equally installments on a quarterly basis, subject to the Reporting Person's continued service with the Company through each vesting date. Qumra Capital GP II, L.P. ("Qumra GP II") is the general partner of Qumra Capital II, L.P ("Qumra II") and Qumra Capital Israel I Ltd. ("Qumra Capital Israel I") is the general partner of Qumra GP II. Mr. Shachar is a managing partner of Qumra Capital Israel I and disclaims beneficial ownership of the shares held of record by Qumra II except to the extent of his pecuniary interest therein.
