Gil Margolin - 01 Mar 2025 Form 4 Insider Report for Talkspace, Inc. (TALK)

Signature
By: /s/ John C. Reilly, Attorney-in-fact for Gil Margolin
Issuer symbol
TALK
Transactions as of
01 Mar 2025
Net transactions value
-$10,164
Form type
4
Filing time
04 Mar 2025, 21:47:25 UTC
Previous filing
13 Dec 2024
Next filing
11 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TALK Common Stock Award $0 +68,867 +27% $0.000000 327,222 01 Mar 2025 Direct F2
transaction TALK Common Stock Sale $10,164 -3,517 -1.1% $2.89 323,705 03 Mar 2025 Direct

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 $0 +25,877 $0.000000 25,877 01 Mar 2025 Common Stock 25,877 $2.86 Direct F1
* 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 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.
F2 Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Talkspace, Inc. common stock. The RSUs vest in 16 substantially equally installments on a quarterly basis, subject to the Reporting Person's continued service with the Company through each vesting date.