Nieuwkoop Jeroen 4

What Happened
Jeroen Nieuwkoop, Chief Operating Officer of Hyperliquid Strategies Inc. (PURR), was granted 421,623 restricted stock units (RSUs) on June 23, 2026. The filing reports an acquisition at $0.00 per unit (total reported value $0) — this is a grant/award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-23; filing date: 2026-06-25 (filed promptly).
• Grant size: 421,623 RSUs; reported price: $0.00; reported aggregate value: $0.
• Vesting (per footnote): 271,923 RSUs vest ratably annually over 3 years beginning December 2, 2026; 149,700 RSUs vest ratably annually over 3 years beginning May 5, 2027.
• Award was made to SBR Limited, a Hong Kong company controlled by the reporting person (per footnote).
• Shares owned following the transaction: not specified in the filing.

Context
RSUs are a form of equity compensation that convert into shares only as they vest; they do not represent immediately tradable stock. Grants like this are typically retention/compensation actions and do not by themselves signal an insider buying or selling stock. If and when the RSUs vest and convert to shares, that could dilute outstanding shares and may create future reportable transactions (e.g., sales or tax-withholding dispositions).