HIRSCHHORN MARK 4
4 · Talkspace, Inc. · Filed Jun 24, 2021
Insider Transaction Report
Form 4
Talkspace, Inc.TALK
HIRSCHHORN MARK
President and COO
Transactions
- Award
Stock Options
2021-06-22+646,800→ 646,800 totalExercise: $1.21Exp: 2030-02-10→ Common Stock (646,800 underlying) - Award
Stock Options
2021-06-22+1,730,408→ 1,730,408 totalExercise: $1.21Exp: 2030-02-10→ Common Stock (1,730,408 underlying) - Award
Common Stock
2021-06-22+541,467→ 541,467 total
Footnotes (3)
- [F1]Pursuant to the business combination of Hudson Executive Investment Corp. and Groop Internet Platform, Inc. (d/b/a Talkspace) ("Legacy Talkspace"), each share of Legacy Talkspace outstanding common and preferred stock was automatically converted into the right to receive a combination of cash and a number shares of the Issuer's Common Stock based on a 1-to-1.1341 exchange ratio (the "Exchange Ratio") in accordance with the merger agreement governing the business combination. In addition, each outstanding Legacy Talkspace stock option was automatically converted into a corresponding stock option of the Issuer based on the Exchange Ratio and with the same terms and vesting conditions as the Legacy Talkspace equity awards.
- [F2]The stock option is currently vested and fully exercisable.
- [F3]The stock option vested and became exercisable with respect to 25% of the underlying shares on February 10, 2021. The remainder of the stock options will vest in 36 equal monthly installments beginning on March 10, 2021.