Beldner Brett Douglas 4

What Happened
Brett Douglas Beldner, Chief Financial Officer of Hyperliquid Strategies Inc. (PURR), was granted 421,623 restricted stock units (RSUs) on May 5, 2026. The RSUs were issued as an award (transaction code A) in connection with an employment agreement; the grant price is $0.00 (compensation award), so no cash was exchanged.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (within the two-business-day filing window).
• Grant: 421,623 RSUs at $0.00 (award/compensation).
• Vesting: Two tranches — 271,923 RSUs vest ratably on an annual basis over 3 years beginning December 2, 2026; 149,700 RSUs vest ratably on an annual basis over 3 years beginning May 5, 2027. (Footnote from the filing.)
• Shares owned after the transaction: not specified in the Form 4.
• No sale, purchase, exercise, or tax-withholding event reported in this filing.

Context
RSUs represent a right to receive company stock when they vest and are generally compensation tied to continued service. This grant does not involve an open-market purchase or sale and should be viewed as part of executive compensation rather than a direct trading signal.