X0202 SCHEDULE 13G/A 0002098404 XXXXXXXX LIVE 1 Common Stock 08/04/2026 0002078856 Hyperliquid Strategies Inc 44916Y106 477 Madison Avenue 22nd Floor New York NY 10022 Rule 13d-1(c) Rorschach Advisors LLC DE 7761860 0 7761860 0 7761860 N 3.87 OO The Reporting Person is a Delaware limited liability company. With respect to row 11, the percentage is calculated based on 200,563,860 shares of common stock of the Issuer issued and outstanding as of July 15, 2026, as reported by the Issuer in its amendment to registration statement on Form S-1 filed on July 21, 2026. This Amendment No. 1 constitutes an exit filing as the Reporting Person has, on August 4, 2026, distributed to its members the Advisor Warrants previously reported as being owned by it, and has ceased to be the beneficial owner of more than 5% of the Issuer's total shares outstanding. Hyperliquid Strategies Inc 477 Madison Avenue, 22nd Floor, New York, NY 10022 Rorschach Advisors LLC 477 Madison Avenue, 22nd Floor, New York, NY 10022 Delaware Y 7,761,860 3,87% 7,761,860 0 7,761,860 0 N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Rorschach Advisors LLC /s/ David Ira Schamis 08/06/2026