Talkspace, Inc. ownership disclosure: Balyasny Asset Management and affiliated entities report beneficial ownership of 8,866,727 shares of Common Stock, representing approximately 5.31% of the class. The percentage is calculated using 167,076,010 shares outstanding as of March 10, 2026. The shares are held by Atlas Diversified Master Fund, Ltd., for which Balyasny serves as investment manager; the filing states ADMF has the right to receive dividends or sale proceeds.
Positive
None.
Negative
None.
Insights
Balyasny group discloses a ~5.31% stake in Talkspace held through ADMF.
The filing lists 8,866,727 shares as the beneficial position tied to Atlas Diversified Master Fund, Ltd.; ownership is reported across BAM, BAM GP, BAM Holdings, Dames, and Dmitry Balyasny via managerial relationships. The percentage is calculated from March 10, 2026 outstanding shares.
Concentration at this scale may be visible to shareholders; subsequent filings or trading by ADMF would determine market activity. Cash‑flow treatment is stated: ADMF has the right to receive dividends or sale proceeds.
Schedule 13G properly attributes beneficial ownership through manager and affiliated entities.
The filing explains the chain of control: BAM is investment manager to ADMF, BAM GP is BAM's general partner, BAM Holdings is sole member of BAM GP, Dames is GP of BAM Holdings, and Mr. Balyasny is Managing Member of Dames. The filing cites the CUSIP 87427V103.
The disclosure follows beneficial‑owner attribution norms; any change in ADMF holdings should be reported in future amendments per Section 13 rules. Timing and specific transfer mechanics are not described in the excerpt.
Key Figures
Beneficially owned shares:8,866,727 sharesPercent of class:5.31%Shares outstanding:167,076,010 shares+1 more
4 metrics
Beneficially owned shares8,866,727 sharesReported beneficial ownership held by ADMF via Balyasny entities
Percent of class5.31%Calculated using outstanding shares as of <date>March 10, 2026</date>
Shares outstanding167,076,010 sharesShares outstanding as of <date>March 10, 2026</date> (source: issuer 10‑K cited in filing)
CUSIP87427V103Talkspace, Inc. Common Stock
Key Terms
Schedule 13G, Beneficial ownership, Investment manager, Dispositive power
4 terms
Schedule 13Gregulatory
"This statement is being filed by (1) Balyasny Asset Management L.P."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownershipfinancial
"By virtue of its position as the investment manager of Atlas Diversified Master Fund, Ltd."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Investment managerfinancial
"BAM may be deemed to exercise voting and investment power over such Shares held by ADMF"
Dispositive powerregulatory
"Sole Dispositive Power 8,866,727.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Talkspace, Inc
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
87427V103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
87427V103
1
Names of Reporting Persons
Balyasny Asset Management L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,866,727.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,866,727.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,866,727.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.31 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
87427V103
1
Names of Reporting Persons
BAM GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,866,727.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,866,727.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,866,727.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.31 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
87427V103
1
Names of Reporting Persons
Balyasny Asset Management Holdings LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,866,727.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,866,727.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,866,727.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.31 %
12
Type of Reporting Person (See Instructions)
HC, PN
SCHEDULE 13G
CUSIP Number(s):
87427V103
1
Names of Reporting Persons
Dames GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,866,727.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,866,727.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,866,727.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.31 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
87427V103
1
Names of Reporting Persons
Dmitry Balyasny
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
8,866,727.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,866,727.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,866,727.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.31 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Talkspace, Inc
(b)
Address of issuer's principal executive offices:
622 Third Avenue, New York, NY 10017
Item 2.
(a)
Name of person filing:
This statement is being filed by (1) Balyasny Asset Management L.P., a Delaware limited partnership ("BAM"), (2) BAM GP LLC, a Delaware limited liability company ("BAM GP"), (3) Balyasny Asset Management Holdings LP, a Delaware limited partnership ("BAM Holdings"), (4) Dames GP LLC, a Delaware limited liability company ("Dames"), and (5) Dmitry Balyasny, a United States citizen (collectively, the "Reporting Persons"). BAM GP is the General Partner of BAM. BAM Holdings is the Sole Member of BAM GP. Dames is the General Partner of BAM Holdings. Dmitry Balyasny is the Managing Member of Dames.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of BAM, BAM GP, BAM Holdings, Dames, and Mr. Balyasny is located at 444 West Lake Street, 50th Floor, Chicago, IL 60606.
(c)
Citizenship:
(1) BAM is a Delaware limited partnership, (2) BAM GP is a Delaware limited liability company, (3) BAM Holdings is a Delaware limited partnership, (4) Dames is a Delaware limited liability company, and (5) Mr. Balyasny is a United States citizen.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
87427V103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
By virtue of its position as the investment manager of Atlas Diversified Master Fund, Ltd. ("ADMF"), the direct holder of the 8,866,727 shares of common stock, par value $0.0001 per share ("Shares"), reported herein, BAM may be deemed to exercise voting and investment power over such Shares held by ADMF and thus may be deemed to beneficially own such Shares. By virtue of its position as the General Partner of BAM, BAM GP may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares. By virtue of its position as the Sole Member of BAM GP, BAM Holdings may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares. By virtue of its position as the General Partner of BAM Holdings, Dames may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares. By virtue of his position as the Managing Member of Dames, Mr. Balyasny may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares.
(b)
Percent of class:
Each of the Reporting Persons may be deemed to be the beneficial owner of approximately 5.31% of the Shares, based on 167,076,010 Shares outstanding as of March 10, 2026, as reported in the Issuer's annual report on form 10-K filed with the Securities and Exchange Commission on March 13, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Each of the Reporting Persons has the sole power to vote or to direct the vote of 8,866,727 shares.
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
Each of the Reporting Persons has the sole power to vote or to direct the vote of 8,866,727 shares.
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
ADMF, a Cayman Islands exempted company that is an investment management client of BAM, has the right to receive dividends from, or the proceeds from the sale of, the reported securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many Talkspace (TALK) shares does Balyasny report owning?
The filing reports 8,866,727 shares beneficially owned by Balyasny‑affiliated entities, held through Atlas Diversified Master Fund, Ltd. That position is disclosed across BAM, BAM GP, BAM Holdings, Dames, and Dmitry Balyasny.
What percentage of TALK does the 8,866,727‑share position represent?
The reported position represents approximately 5.31% of common stock, calculated using 167,076,010 shares outstanding as of March 10, 2026, per the filing's cited 10‑K figure.
Who actually holds the shares reported in the Schedule 13G for TALK?
The shares are held by Atlas Diversified Master Fund, Ltd. (ADMF), a client of Balyasny Asset Management; ADMF is identified as the direct holder with Balyasny entities reporting beneficial ownership as manager.
Does the filing state who receives proceeds or dividends from the TALK shares?
Yes. The filing states that ADMF has the right to receive dividends or the proceeds from sale of the reported securities; the Balyasny entities report managerial power over those shares.
What entity relationships does the Schedule 13G disclose for TALK ownership?
The filing details the control chain: BAM (investment manager), BAM GP (general partner), BAM Holdings (sole member of BAM GP), Dames (general partner of BAM Holdings), and Dmitry Balyasny (Managing Member of Dames).
