Erin Boyd - 18 Oct 2021 Form 4 Insider Report for Talkspace, Inc. (TALK)

Role: Chief Growth Officer
Signature: By: /s/ John Reilly, Attorney-in-fact for Erin Boyd
Issuer symbol: TALK
Transactions as of: 18 Oct 2021
Transactions value $: $0
Form type: 4
Filing time: 10 Jun 2022, 17:28:38 UTC
Previous filing: 10 Jun 2022
Next filing: 07 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TALK	Common Stock	Award	$0	+10K		$0.00	10K	18 Oct 2021	Direct	F1, F2
transaction	TALK	Common Stock	Award	$0	+127K	+1271.53%	$0.00	137K	01 Mar 2022	Direct	F1, F3
transaction	TALK	Common Stock	Tax liability	$0	-2.15K	-1.57%	$0.00	135K	02 Jun 2022	Direct	F4

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	Award	$0	+40K		$0.00	40K	18 Oct 2021	Common Stock	40K	$3.65	Direct	F5
transaction	TALK	Employee Stock Option	Award	$0	+45.6K		$0.00	45.6K	01 Mar 2022	Common Stock	45.6K	$1.61	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Talkspace, Inc.(the "Company") common stock.
F2	The RSUs vest (i) as to 25% of the underlying shares on the one year anniversary of the vesting start date and (ii) as to the remaining 75% in 12 substantially equal installments on a quarterly basis thereafter, subject to the Reporting Person's continued service with the Company though each such vesting date.
F3	The RSUs vest in 16 substantially equal installments on a quarterly basis, subject to the Reporting Person's continued service with the Company through each vesting date.
F4	Represents the number of shares withheld by the Company to satisfy applicable tax withholding obligations in connection with the vesting of RSUs reported in this Form 4.
F5	The stock option vests and becomes exercisable (i) as to 25% of the underlying shares on the one year anniversary of the vesting start date and (ii) as to the remaining 75% in 12 substantially equal installments on a quarterly basis thereafter, subject to the Reporting Person's continued service with the Company through each vesting date.
F6	The stock option vests and becomes exercisable in 16 substantially equal installments on a quarterly basis, subject to the Reporting Person's continued service with the Company through each vesting date.