TUDER JEFFREY 4

What Happened
Jeffrey Tuder, a director of Hyperliquid Strategies Inc. (ticker: PURR), was granted 40,789 restricted stock units (RSUs) reported as an acquisition on 2026-02-09. The award has a grant price of $0.00 (no cash exchanged at grant), so the immediate transaction value is $0. These are equity awards that will convert to shares if vesting conditions are met.

Key Details

• Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11). Filing appears timely (within the two-business-day Form 4 window).
• Transaction type/code: Award/Grant (A). Price: $0.00. Shares: 40,789 RSUs. Reported value at grant: $0.
• Vesting: Footnote F1 — RSUs vest over three years, with one-third vesting on each of Dec 2, 2026, Dec 2, 2027, and Dec 2, 2028.
• Ownership vehicle: Footnote F2 — the securities are held directly by Tremson Capital Management, LLC and indirectly by Mr. Tuder (he disclaims beneficial ownership except to the extent of his pecuniary interest).
• Shares owned after transaction: Not specified in the provided filing details.

Context: This was an equity grant (restricted stock units), not a market purchase or sale. RSU awards indicate potential future ownership as they vest; they do not reflect an immediate purchase or liquidation. The indirect holding through Tremson and the disclaimer mean the reported units are held in an investment vehicle tied to Mr. Tuder rather than solely in his name.