{"transactions":[{"id":4635731,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":49021,"kind":"person","name":"Beldner Brett Douglas","position":1,"cik":"0002098931","reported_name":"Beldner Brett Douglas","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CFO"}}],"security":"Common Stock","published_at":"2026-10-01T01:28:29.000Z","date":"2026-09-28","kind":"grant","planned":false,"acquired":true,"shares":82781,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents restricted stock units scheduled to vest over a three-year period, with one-third vesting on each of September 28, 2027, September 28, 2028 and September 28, 2029."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Represents restricted stock units scheduled to vest over a three-year period, with one-third vesting on each of September 28, 2027, September 28, 2028 and September 28, 2029."},{"field":"acquired","element":"transactionAcquiredDisposedCode","label":"F1","text":"Represents restricted stock units scheduled to vest over a three-year period, with one-third vesting on each of September 28, 2027, September 28, 2028 and September 28, 2029."}],"balance_after":536244,"source":{"system":"sec-edgar","filing":"0001193125-26-409273","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526409273/ownership.xml","form_type":"4"}},{"id":788115,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":49021,"kind":"person","name":"Beldner Brett Douglas","position":1,"cik":"0002098931","reported_name":"Beldner Brett Douglas","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CFO"}}],"security":"Common Stock","published_at":"2026-05-07T20:15:12.000Z","date":"2026-05-05","kind":"grant","planned":false,"acquired":true,"shares":421623,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"1. Represents restricted stock units (\"RSUs\") the reporting person received on May 5, 2026 in connection with the entry of an employment agreement by and between the registrant and the reporting person, vesting as follows: (x) as to 271,923 RSUs, ratably on an annual basis over 3 years commencing on December 2, 2026, (y) as to 149,700 RSUs, ratably on an annual basis over 3 years commencing on May 5, 2027."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"1. Represents restricted stock units (\"RSUs\") the reporting person received on May 5, 2026 in connection with the entry of an employment agreement by and between the registrant and the reporting person, vesting as follows: (x) as to 271,923 RSUs, ratably on an annual basis over 3 years commencing on December 2, 2026, (y) as to 149,700 RSUs, ratably on an annual basis over 3 years commencing on May 5, 2027."},{"field":"acquired","element":"transactionAcquiredDisposedCode","label":"F1","text":"1. Represents restricted stock units (\"RSUs\") the reporting person received on May 5, 2026 in connection with the entry of an employment agreement by and between the registrant and the reporting person, vesting as follows: (x) as to 271,923 RSUs, ratably on an annual basis over 3 years commencing on December 2, 2026, (y) as to 149,700 RSUs, ratably on an annual basis over 3 years commencing on May 5, 2027."}],"balance_after":453463,"source":{"system":"sec-edgar","filing":"0001193125-26-211997","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526211997/ownership.xml","form_type":"4"}},{"id":970544,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":49021,"kind":"person","name":"Beldner Brett Douglas","position":1,"cik":"0002098931","reported_name":"Beldner Brett Douglas","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Financial Officer"}}],"security":"Common Stock","published_at":"2025-12-12T16:51:53.000Z","date":"2025-12-04","kind":"other","planned":false,"acquired":true,"shares":31840,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On December 2, 2025, Hyperliquid Strategies Inc (the \"Company\") completed its previously announced business combination (the \"Closing\"), pursuant to the Business Combination Agreement, dated as of July 11, 2025 (as amended on September 22, 2025, the \"BCA\"), by and among the Company, Sonnet BioTherapeutics Holdings, Inc. (\"Sonnet\"), Rorschach I LLC, TBS Merger Sub Inc. and Rorschach Merger Sub, LLC . In connection with the Closing, Rorschach Capital LLC received an aggregate of 6,580,800 shares of common stock, par value $0.01 per share, of the Company (the \"Common Stock\"). On December 4, 2025, Rorschach Capital LLC distributed 31,840 shares of Common Stock to Mr. Beldner, a member of Rorschach Capital LLC."}],"balance_after":31840,"source":{"system":"sec-edgar","filing":"0001193125-25-317190","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312525317190/ownership.xml","form_type":"4"}}]}