LEIBOWITZ LAWRENCE E 4

What Happened

• Lawrence E. Leibowitz, a director of Hyperliquid Strategies Inc. (PURR), was granted 3,274 shares of common stock on 2026-04-01. The shares were issued at $0.00 per share (total reported value $0) as an award/acquisition rather than an open-market purchase or sale.
• The filing shows these are restricted shares elected in lieu of cash compensation under the Issuer's 2025 Equity Incentive Plan, so they are compensation-based awards (not a cash purchase or sale).

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (Accession 0001193125-26-139796).
• Amount: 3,274 shares granted at $0.00 per share; total cash consideration reported $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — these are restricted shares the reporting person elected to receive as compensation in lieu of cash under the 2025 Equity Incentive Plan.
• Filing timeliness: Form 4 was filed the day after the transaction date; no late-filing flag noted in the provided data.

Context

• This was a compensation award (restricted stock) rather than a market buy or sale. Such awards reflect compensation decisions and vesting arrangements and do not necessarily indicate immediate bullish or bearish trading intent.
• For retail investors, compensation-based grants are useful to track insider alignment with shareholders but should be weighed alongside other insider activity and company fundamentals.