SCHEDULE: MAK Capital Reports 4.2% Passive Stake in Talkspace

MAK Capital Fund LP, MAK Capital One L.L.C., and Michael A. Kaufman jointly reported a 4.2% passive ownership stake in Talkspace, Inc.

Summary

• MAK Capital Fund LP, MAK Capital One L.L.C., and Michael A. Kaufman (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
• The Reporting Persons beneficially own an aggregate of 6,929,273 shares of Common Stock of Talkspace, Inc.
• This ownership represents 4.2% of Talkspace, Inc.'s outstanding Common Stock.
• The calculation is based on 165,656,124 shares of Common Stock outstanding as of November 4, 2025, as reported by Talkspace, Inc. in its Quarterly Report on Form 10-Q filed on November 6, 2025.
• The Reporting Persons hold shared voting power and shared dispositive power over all 6,929,273 beneficially owned shares.
• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Talkspace, Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily serves to disclose a passive ownership stake by MAK Capital in Talkspace, Inc., without providing operational or strategic updates that would alter the company's fundamental outlook.

Positives

• The disclosure of a significant passive investment by institutional entities like MAK Capital can be viewed as a vote of confidence in Talkspace, Inc.'s long-term prospects by these investors.

Negatives

• The filing does not contain any explicit negative information regarding Talkspace, Inc.'s operational performance or financial health.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from Talkspace, Inc. or the Reporting Persons regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this Schedule 13G/A filing is a routine disclosure of a passive investment stake, common among institutional investors. Talkspace operates in the rapidly evolving digital mental health sector, which continues to attract investor interest due to increasing demand for accessible healthcare solutions.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for passive ownership stakes below 5% and does not provide company performance data for direct comparison to industry benchmarks or competitors.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive investment by institutional entities, which can offer insights into investor sentiment towards Talkspace, Inc.

Key Dates

Keywords

Talkspace, MAK Capital, Michael A. Kaufman, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment