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

Role
Chief Marketing Officer
Signature
By: /s/ John Reilly, Attorney-in-fact
Issuer symbol
TALK
Transactions as of
22 Jun 2021
Net transactions value
$0
Form type
4
Filing time
24 Jun 2021, 20:08:29 UTC
Next filing
20 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TALK Common Stock 1,000,756 22 Jun 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 +508,551 508,551 22 Jun 2021 Common Stock 508,551 $7.24 Direct F2, F3
holding TALK Warrants 998,800 22 Jun 2021 Common Stock 998,800 $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.