Bhatt Nailesh 4

What Happened

• Nailesh Bhatt, a director of Hyperliquid Strategies Inc. (ticker: PURR), was granted/received 1,588 shares of common stock on July 1, 2026. The Form 4 reports the transaction as an acquisition/award (code A). No per-share price or total dollar value is provided in the filing.

Key Details

• Transaction date: 2026-07-01
• Transaction type/code: Award/Grant/Acquisition (A)
• Shares received: 1,588 common shares
• Price/value: Not disclosed (listed as N/A)
• Shares owned after transaction: Not specified in the filing
• Footnote: F1 — These shares were elected to be received as compensation in lieu of cash under the Issuer's 2025 Equity Incentive Plan.
• Filing timing: Report filed 2026-07-06 for a 2026-07-01 transaction; this appears to exceed the typical 2-business-day Form 4 reporting window and may be late.

Context

• This was a compensation award (shares received instead of cash) rather than an open-market purchase or sale. Such awards are routine director compensation and do not by themselves indicate a buy or sell signal from the insider.