Gil Margolin - 20 Nov 2024 Form 4 Insider Report for Talkspace, Inc. (TALK)

Role
Chief Technology Officer
Signature
By: /s/ John Reilly, Attorney-in-fact for Gil Margolin
Issuer symbol
TALK
Transactions as of
20 Nov 2024
Net transactions value
-$248,806
Form type
4
Filing time
22 Nov 2024, 16:23:01 UTC
Previous filing
13 Sep 2024
Next filing
10 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALK Common Stock Options Exercise $103,727 +85,022 +30% $1.22 373,199 20 Nov 2024 Direct
transaction TALK Common Stock Options Exercise $45,845 +28,475 +7.6% $1.61 401,674 20 Nov 2024 Direct
transaction TALK Common Stock Options Exercise $18,565 +21,097 +5.3% $0.8800 422,771 20 Nov 2024 Direct
transaction TALK Common Stock Sale $416,943 -134,654 -32% $3.10 288,117 20 Nov 2024 Direct 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 Employee Stock Option Options Exercise $0 -85,022 -100% $0.000000 0 20 Nov 2024 Common Stock 114,413 $1.22 Direct F2, F3
transaction TALK Employee Stock Option Options Exercise $0 -28,475 -62% $0.000000 17,088 20 Nov 2024 Common Stock 45,563 $1.61 Direct F4
transaction TALK Employee Stock Option Options Exercise $0 -21,097 -37% $0.000000 35,163 20 Nov 2024 Common Stock 56,260 $0.8800 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. The shares were sold in multiple transactions at per share prices ranging from $3.05 to $3.12. The Reporting Person undertakes to provide upn request to the SEC staff, the Issuer, or any stockholder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The stock option is fully vested.
F3 Stock options were previously exercised under the grant made on August 17, 2020 when Mr. Margolin was not a Section 16 Reporting Person.
F4 The stock option vests in 16 substantially equally installments on a quarterly basis, subject to the Reporting Person's continued service with the Company through each vesting date.
F5 The stock options were granted on February 28, 2023 when Mr. Margolin was not a Section 16 Reporting Person.