KING THOMAS C. 4

What Happened
Thomas C. King, a director of Hyperliquid Strategies Inc. (PURR), received an award of 40,789 restricted stock units (RSUs) on February 9, 2026. The grant was awarded at $0.00 per share (total reported acquisition value $0), i.e., these are compensation RSUs rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11.
• Transaction type/code: A (Award/Grant).
• Shares/units granted: 40,789 RSUs; grant price reported $0.00; total reported value $0.
• Vesting: Per footnote, RSUs vest in three equal installments — one-third on each of Dec 2, 2026, Dec 2, 2027 and Dec 2, 2028.
• Shares owned after transaction: not specified in the provided filing details.
• Timeliness: Filing was submitted two days after the transaction date (within typical Form 4 reporting window).

Context
RSUs represent a promise to deliver shares in the future subject to vesting and any transfer restrictions; they are compensation, not an immediate cash purchase or sale. Because these units vest over time, they are not immediately tradable and do not by themselves signal an immediate market action. This filing is informational for shareholders tracking insider compensation and future potential dilution when the RSUs vest and shares are issued.