Oren Frank was the CEO of Talkspace, a mental health service platform, from July 2021 until November 2021. He has a history of significant involvement in the tech space, especially in healthcare. Oren's tenure at Talkspace was marked by key...

Oren Frank was the CEO of Talkspace, a mental health service platform, from July 2021 until November 2021. He has a history of significant involvement in the tech space, especially in healthcare. Oren's tenure at Talkspace was marked by key insider trading activity, peaking with total values nearing $15.17 million. In 2021 alone, he was granted 1.73 million stock options, a substantial equity position. However, Oren's time ended with his departure from the company in November 2021. His compensation in 2021 was significant, totaling nearly $12.2 million, including various stock options, which highlights his high valuation in the organization despite not having long-term stability in the role. This mix of substantial financial incentives and rapid turnover showcases the volatility in executive roles and the pressure to perform in the competitive tech-driven healthcare industry.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Talkspace, Inc. CEOs

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Oren Frank

Ex-CEO of Talkspace, Inc.

Sector of Economy

Healthcare

CEO of Talkspace, Inc. for

1 year 4 months (Jul 2021 - Nov 2022)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Oren Frank

Holdings

See how much did Oren Frank make over time.

Oren Frank's holdings in Talkspace show significant fluctuations during his time as CEO. His trading activity peaked at about $15.17 million in June 2021 and followed a downward trajectory, ending with values around $2.78 million by November 2022. Notably, he...

Oren Frank's holdings in Talkspace show significant fluctuations during his time as CEO. His trading activity peaked at about $15.17 million in June 2021 and followed a downward trajectory, ending with values around $2.78 million by November 2022. Notably, he received a major stock option grant of 1.73 million shares in July 2021, reflecting his impactful role and the considerable value placed on his strategic decisions. His trading data suggests a pattern of divesting as time progressed, which indicates market pressure and perhaps a response to company performance and personal financial strategy. Overall, his trades reflect a mix of confidence in the company's growth at the start and a shift towards securing personal financial returns later on.

No data yet.

Insider Trading

See recent insider trades of Oren Frank.

TALK

433,125 shares

TALK

Jul 15, 2021

Received

TALK

1,742,445 shares

TALK

Jun 22, 2021

Received

Compensation History

See how much did Oren Frank make over time.

Oren Frank's compensation during his brief time at Talkspace was a mix of salary, bonuses, and stock options, totaling about $12.2 million in 2021. His base salary was set at $350,000, and while he did not receive bonuses due to company transition, his stock awards were substantial. In particular, he was granted over 1.73 million stock options, indicating how companies use stock incentives to align executive interests with company performance. However, the rapid change in his tenure underscores the uncertainty leaders face in high-pressure environments like the tech and health sectors. This combination of a strong financial package and a short leadership span highlights the ongoing challenges faced by executives aiming to steer startups to success amid shifting market dynamics.

Year

2022

Total Compensation

$602.43K

Salary

$600.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and reward leaders who create an inclusive and diverse environment and have the skills necessary to execute the strategic plan to maximize stockholder value.

Bonus

$0.00

Board Justification

No annual bonus was awarded for 2022 as Dr. Cohen was appointed in November 2022 and was not eligible for the bonus program for that year.

Other

$2.43K

Board Justification

Other compensation includes matching contributions under the Company’s 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as Dr. Cohen was appointed in November 2022.

Performance Metrics

Performance metrics for compensation include individual and company performance, with a focus on achieving financial and operational results.

Other Talkspace, Inc. CEOs

Here are other CEOs of Talkspace, Inc.

Dr. Jon R. Cohen

CEO of Talkspace, Inc.

November 2022 - Present