Douglas L. Braunstein - Jun 22, 2021 Form 4 Insider Report for Talkspace, Inc. (TALK)

Role
Director
Signature
By: /s/ John Reilly, Attorney-in-fact
Stock symbol
TALK
Transactions as of
Jun 22, 2021
Transactions value $
$75,000,000
Form type
4
Date filed
6/24/2021, 08:03 PM
Next filing
Oct 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALK Common Stock Other $0 -10.3M -100% $0.00* 0 Jun 22, 2021 By HEC Sponsor LLC F1
transaction TALK Common Stock Purchase $50M +5M +97.09% $10.00* 10.2M Jun 22, 2021 By HEC Master Fund LP F4
holding TALK Common Stock 5.15M Jun 22, 2021 By HEC Master Fund LP F1
holding TALK Common Stock 1.27M Jun 22, 2021 Direct F1, F3
holding TALK Common Stock 1M Jun 22, 2021 By Braunstein 2015 Trust F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TALK Warrants Other $0 -10.3M -100% $0.00* 0 Jun 22, 2021 Common Stock 10.3M $11.50 By HEC Sponsor LLC F1
transaction TALK Stock Options Award $0 +63.4K $0.00 63.4K Jun 22, 2021 Common Stock 63.4K $8.52 Direct F2
transaction TALK Warrants Purchase $25M +2.5M +48.64% $10.00* 7.64M Jun 22, 2021 Common Stock 2.5M $11.50 By HEC Master Fund LP F4
holding TALK Warrants 5.14M Jun 22, 2021 Common Stock 5.14M $11.50 By HEC Master Fund LP F1
holding TALK Warrants 1.27M Jun 22, 2021 Common Stock 1.27M $11.50 Direct F1, F3
holding TALK Warrants 999K Jun 22, 2021 Common Stock 999K $11.50 By Braunstein 2015 Trust F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a pro-rata distribution in-kind by HEC Sponsor LLC to its members for no consideration.
F2 The stock option vests in 4 equal annual installments beginning on June 22, 2022.
F3 These securities are jointly held with the Reporting Person's spouse.
F4 Purchase price of $10.00 includes Common Stock and Warrants.

Remarks:

Excludes securities beneficially owned by Samara Braunstein, which are being reported on a separate Form 4 filing by Samara Braunstein. Exhibit 24 - Power of Attorney