Form 4: Talkspace CEO Jon R. Cohen Reports Routine Stock Withholding for Tax Obligations

Talkspace, Inc. CEO Jon R. Cohen filed a Form 4 disclosing the withholding of 83,978 shares of common stock valued at $267,992.42 to cover tax liabilities related to the vesting of restricted stock units.

Summary

• Jon R. Cohen, the Chief Executive Officer and a Director of Talkspace, Inc. (TALK), filed a Form 4 on June 12, 2025, reporting changes in his beneficial ownership of the company's common stock.
• The filing indicates the disposition of a total of 83,978 shares of Talkspace Common Stock on June 10, 2025.
• These shares were withheld by the issuer at a price of $3.19 per share to satisfy applicable tax withholding obligations in connection with the vesting of previously reported restricted stock units (RSUs).
• The aggregate value of the shares withheld for tax purposes amounts to approximately $267,992.42 (83,978 shares * $3.19/share).
• Following these transactions, Mr. Cohen directly beneficially owns 2,489,082 shares of Talkspace Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax obligations upon RSU vesting), which is a standard part of executive compensation and does not reflect a change in management's outlook or a strategic move. Therefore, the sentiment is neutral.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax withholding, not a discretionary sale, reflecting the ongoing compensation structure for executives.
• Employees: No direct impact beyond the executive involved.

Key Dates

Keywords

Talkspace, TALK, Jon R. Cohen, SEC Form 4, insider transaction, stock withholding, restricted stock units, RSU vesting, executive compensation, beneficial ownership