Bhatt Nailesh 4

What Happened

• Nailesh Bhatt, a director of Hyperliquid Strategies Inc (PURR), was issued 2,455 restricted shares on 2026-04-01. The shares were reported at $0.00 per share (total reported value $0) as an award/compensation election.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely filing).
• Transaction type/code: Award/Grant (A) — restricted shares issued in lieu of cash compensation.
• Shares issued: 2,455; reported price: $0.00; reported total value: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — these are restricted shares the reporting person elected to receive as compensation in lieu of cash under the Issuer's 2025 Equity Incentive Plan.
• No 10b5‑1 plan, gift, sale, or option exercise noted.

Context

• This was a compensation award, not an open‑market purchase or sale. Restricted shares typically carry vesting or transfer limits, so this does not indicate an immediate sale or added liquidity. Such awards are common for director compensation and should be viewed as routine unless accompanied by other trading activity.