{"transactions":[{"id":4634962,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Common Stock","published_at":"2026-09-30T21:28:03.000Z","date":"2026-09-28","kind":"grant","planned":false,"acquired":true,"shares":248344,"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":800666,"source":{"system":"sec-edgar","filing":"0001193125-26-409272","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1377409/000119312526409272/ownership.xml","form_type":"4"}},{"id":4624182,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Common Stock","published_at":"2026-09-18T22:26:14.000Z","date":"2026-09-17","kind":"other","planned":false,"acquired":true,"shares":416013,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Pro rata distribution from Rorschach Capital LLC, of which the reporting person is a non-managing member."}],"balance_after":552322,"source":{"system":"sec-edgar","filing":"0001193125-26-395776","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1377409/000119312526395776/ownership.xml","form_type":"4"}},{"id":766,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"warrant (right to buy)","published_at":"2026-09-02T20:35:07.000Z","date":"2026-08-31","kind":"other","planned":false,"acquired":true,"shares":537585,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Pro rata distribution from Rorschach Capital LLC, of which the reporting person is a non-managing member."}],"balance_after":537585,"derivative":{"exercise_price":18.75,"exercise_date":"2025-12-02","expiration_date":"2030-12-02","underlying":"Common Stock","underlying_shares":537585},"source":{"system":"sec-edgar","filing":"0001193125-26-380309","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526380309/ownership.xml","form_type":"4"}},{"id":765,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"warrant (right to buy)","published_at":"2026-09-02T20:35:07.000Z","date":"2026-08-31","kind":"other","planned":false,"acquired":true,"shares":537585,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Pro rata distribution from Rorschach Capital LLC, of which the reporting person is a non-managing member."}],"balance_after":537585,"derivative":{"exercise_price":12.5,"exercise_date":"2025-12-02","expiration_date":"2030-12-02","underlying":"Common Stock","underlying_shares":537585},"source":{"system":"sec-edgar","filing":"0001193125-26-380309","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526380309/ownership.xml","form_type":"4"}},{"id":764,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"warrant (right to buy)","published_at":"2026-09-02T20:35:07.000Z","date":"2026-08-31","kind":"other","planned":false,"acquired":true,"shares":537585,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Pro rata distribution from Rorschach Capital LLC, of which the reporting person is a non-managing member."}],"balance_after":537585,"derivative":{"exercise_price":9.375,"exercise_date":"2025-12-02","expiration_date":"2030-12-02","underlying":"Common Stock","underlying_shares":537585},"source":{"system":"sec-edgar","filing":"0001193125-26-380309","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2078856/000119312526380309/ownership.xml","form_type":"4"}},{"id":909806,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO"}}],"security":"Common Stock","published_at":"2026-02-11T19:36:35.000Z","date":"2026-02-09","kind":"grant","planned":false,"acquired":true,"shares":40789,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"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 December 2, 2026, December 2, 2027 and December 2, 2028."}],"balance_after":136309,"source":{"system":"sec-edgar","filing":"0001193125-26-047189","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1377409/000119312526047189/ownership.xml","form_type":"4"}},{"id":971063,"issuer":{"id":681,"kind":"organization","name":"Hyperliquid Strategies Inc","symbol":"PURR"},"owners":[{"id":682,"kind":"person","name":"Schamis David Ira","position":1,"cik":"0001377409","reported_name":"Schamis David Ira","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"Chief Executive Officer"}}],"security":"Common Stock","published_at":"2025-12-12T11:54:44.000Z","date":"2025-12-04","kind":"other","planned":false,"acquired":true,"shares":95520,"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 95,520 shares of Common Stock to Mr. Schamis, a member of Rorschach Capital LLC."}],"balance_after":95520,"source":{"system":"sec-edgar","filing":"0001193125-25-317198","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1377409/000119312525317198/ownership.xml","form_type":"4"}}]}