Talkspace (TALK) Director Benzur Liat Sells 214,261 Shares in Merger

What Happened
Director Benzur Liat disposed of a total of 214,261 Talkspace shares on August 17, 2026. These dispositions were not open‑market sales but conversions of common shares and vested equity into cash under the merger with Universal Health Services; the merger consideration was $5.25 per share, totaling approximately $1,124,870.25. One of the reported dispositions (57,985 shares) was a derivative position (vested equity instrument) converted under the merger terms.

Key Details

• Transaction date: 2026-08-17 (filed 2026-08-17). Transaction code: D (Disposition to issuer).
• Individual disposals reported: 77,446 shares; 78,830 shares; and 57,985 shares (derivative), for a combined 214,261 shares.
• Cash per share: $5.25 (merger consideration) → total cash ≈ $1,124,870.25.
• Footnotes: Merger between Talkspace and UHS; vested RSUs and vested stock options were canceled and converted to cash per the merger agreement.
• Filing appears timely (reporting period equals filing date). The Form 4 does not state post-transaction shareholdings on the summary lines provided.

Context
These dispositions reflect the contractual conversion of equity into cash at closing of the merger (not discretionary open‑market sales). For derivative items, vested RSUs or vested options were canceled and paid out in cash per the agreement. Such merger-related conversions are routine outcomes of acquisition agreements and do not necessarily indicate the insider’s view about the company's post‑transaction prospects.