Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 131

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 131
---
 Under the Program or Plan     (in Thousands) (1)

    Period

    October 1, 2024 to October 31, 2024

    —

    —

    —

    —

    November 1, 2024 to November 30, 2024

    —

    —

    —

    —

    December 1, 2024 to December 31, 2024

    962,367

    $
    3.12

    962,367

    $
    29,001

    Total

    962,367

    962,367

42

Table of Contents

Share Repurchase Program

On February 22, 2024, the Company announced that its Board of Directors approved a share repurchase program to authorize the repurchase of up to $15.0 million of the currently outstanding shares of the Company’s common stock over a period of twenty-four months beginning on March 1, 2024 (the “Share Repurchase Program”). On August 1, 2024, the Company’s Board of Directors amended the Share Repurchase Program to authorize the Company to repurchase up to an additional $25.0 million of its common stock. The Share Repurchase Program will remain in effect until the total authorized dollar amount of shares is repurchased or August 1, 2026.

During the year ended December 31, 2024, the Company repurchased and retired an aggregate of 3,911,259 shares of its common stock for a total consideration of $11.0 million ($2.81 per share). As of December 31, 2024, $29.0 million remained available under the Share Repurchase Program.

Such purchases will be at times and in amounts as the Company deems appropriate, based on factors such as price, market conditions, corporate and regulatory requirements, constraints specified in any Rule 10b5-1 trading plans, alternative investment opportunities and other business considerations. All shares repurchased will be retired. The program does not obligate the Company to repurchase any dollar amount or number of shares, and may be modified, suspended, or discontinued at any time at the Company’s discretion without prior notice.

Stock Performance Graph

The following graph and table illustrate the cumulative total return from June 23, 2021 through December 31, 2024, for (i) our common stock, (ii) the Standard & Poor’s 500 Index, (iii) the Standard & Poor’s