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

Role
Director
Signature
By: /s/ John Reilly, Attorney-in-fact
Issuer symbol
TALK
Transactions as of
22 Jun 2021
Net transactions value
+$75,000,000
Form type
4
Filing time
24 Jun 2021, 20:03:15 UTC
Next filing
26 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALK Common Stock Other $0 -10,300,000 -100% $0.000000* 0 22 Jun 2021 By HEC Sponsor LLC F1
transaction TALK Common Stock Purchase $50,000,000 +5,000,000 +97% $10.00* 10,150,000 22 Jun 2021 By HEC Master Fund LP F4
holding TALK Common Stock 5,150,000 22 Jun 2021 By HEC Master Fund LP F1
holding TALK Common Stock 1,273,690 22 Jun 2021 Direct F1, F3
holding TALK Common Stock 1,000,756 22 Jun 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 -10,280,000 -100% $0.000000* 0 22 Jun 2021 Common Stock 10,280,000 $11.50 By HEC Sponsor LLC F1
transaction TALK Stock Options Award $0 +63,402 $0.000000 63,402 22 Jun 2021 Common Stock 63,402 $8.52 Direct F2
transaction TALK Warrants Purchase $25,000,000 +2,500,000 +49% $10.00* 7,640,000 22 Jun 2021 Common Stock 2,500,000 $11.50 By HEC Master Fund LP F4
holding TALK Warrants 5,140,000 22 Jun 2021 Common Stock 5,140,000 $11.50 By HEC Master Fund LP F1
holding TALK Warrants 1,271,200 22 Jun 2021 Common Stock 1,271,200 $11.50 Direct F1, F3
holding TALK Warrants 998,800 22 Jun 2021 Common Stock 998,800 $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