Talkspace (TALK) Director Swati Abbott Bargotra Receives Merger Cash

What Happened
Swati Abbott Bargotra, a director of Talkspace, reported dispositions on 2026-08-17 related to the company’s merger with Universal Health Services. The Form 4 shows three dispositions to the issuer totaling 229,681 shares/award equivalents (92,866 + 78,830 + 57,985). Under the merger terms, outstanding common shares and vested RSUs were converted into the right to receive $5.25 per share in cash, implying aggregate cash consideration of roughly $1,205,825.25. The 57,985-item is a derivative disposition (stock option/RSU type) and its actual cash payout depends on the option exercise price per the merger terms.

Key Details

• Transaction date: 2026-08-17 (effective time of merger). Filing date: 2026-08-17 (timely).
• Reported dispositions: 92,866; 78,830; and 57,985 shares/award equivalents (total 229,681).
• Stated merger consideration: $5.25 per share (cash). Estimated gross proceeds if all units converted at $5.25: ~$1,205,825.25.
• Price field on the Form 4 entries: N/A (dispositions to issuer under merger).
• Post-transaction holdings: not specified in the provided filing.
• Notable footnotes: shares, vested RSUs, and vested stock options were canceled and converted to cash per the March 9, 2026 Merger Agreement; option payouts equal number of option shares times the excess of $5.25 over the option strike (could be zero if strike ≥ $5.25).

Context

• These are merger-driven cash settlements (dispositions to the issuer), not open-market sales; they reflect contract terms of the acquisition rather than a typical insider sell for liquidity.
• For the derivative (option) portion, the actual cash received may differ from a straight $5.25/share calculation depending on each option’s exercise price (per the filing footnotes).
• Filing was timely (same-day report), and there is no indication of a 10b5-1 plan, tax withholding, or late filing in the provided entries.