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

Role
Chief Marketing Officer
Signature
By: /s/ John Reilly, Attorney-in-fact
Stock symbol
TALK
Transactions as of
Jun 22, 2021
Transactions value $
$0
Form type
4
Date filed
6/24/2021, 08:08 PM
Next filing
Oct 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TALK Common Stock 1M Jun 22, 2021 By Braunstein 2015 Trust F1

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 Stock Options Award +509K 509K Jun 22, 2021 Common Stock 509K $7.24 Direct F2, F3
holding TALK Warrants 999K Jun 22, 2021 Common Stock 999K $11.50 By Braunstein 2015 Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities received in a pro-rata distribution in-kind by HEC Sponsor LLC.
F2 The stock option vests and becomes exercisable in 48 equal monthly installments beginning on December 4, 2020.
F3 Pursuant to the business combination of Hudson Executive Investment Corp. and Groop Internet Platform, Inc. (d/b/a Talkspace) ("Legacy Talkspace"), each share of Legacy Talkspace outstanding common and preferred stock was automatically converted into the right to receive a combination of cash and a number shares of the Issuer's Common Stock based on a 1-to-1.1341 exchange ratio (the "Exchange Ratio") in accordance with the merger agreement governing the business combination. In addition, each outstanding Legacy Talkspace stock option was automatically converted into a corresponding stock option of the Issuer based on the Exchange Ratio and with the same terms and vesting conditions as the Legacy Talkspace equity awards.

Remarks:

Excludes securities beneficially owned by Douglas Braunstein, which are being reported on a separate Form 4 filing by Douglas Braunstein.