LEIBOWITZ LAWRENCE E 4

What Happened Lawrence E. Leibowitz, a director of Hyperliquid Strategies Inc. (PURR), was granted 40,789 restricted stock units (RSUs) on February 9, 2026. The Form 4 lists the acquisition as an award (code A) at $0.00 per share (no cash paid at grant). This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-09 (Form 4 filed 2026-02-11; filing appears timely).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 40,789 RSUs; per Form 4 value at grant = $0.00.
• Vesting: RSUs vest in three equal installments — one-third on each of Dec 2, 2026; Dec 2, 2027; and Dec 2, 2028 (footnote F1).
• Shares owned after transaction: Not specified in this filing.
• No indication of immediate sale, tax withholding, or a 10b5‑1 plan in the filing.

Context RSUs are a form of equity compensation that convert to shares only as they vest; they may be forfeited if vesting conditions aren't met. Because this was a grant, it does not represent an open-market purchase or sale and should be viewed as routine director compensation rather than a direct bullish or bearish trading signal.