Equity awards for Coincheck Group (CNCK) officer detailed in Form 3

Rhea-AI Filing Summary

Coincheck Group N.V. director and Chief Planning Officer Nakagawa Yo reported initial holdings of equity awards tied to the company’s ordinary shares. He holds restricted share units covering 17,516 ordinary shares, additional restricted share units covering 21,109 ordinary shares, and performance-based restricted share units covering 17,516 ordinary shares. These time-based awards are scheduled to vest between March 31, 2026 and March 31, 2028, while the performance-based units vest only if share price targets are met by the end of a three-year performance period ending on March 31, 2028.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Nakagawa Yo

Role Chief Planning Officer

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Restricted Share Units	--	--	--
holding	Performance-Based Restricted Share Units	--	--	--

Holdings After Transaction: Restricted Share Units — 17,516 shares (Direct); Performance-Based Restricted Share Units — 17,516 shares (Direct)

Footnotes (1)

1. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. Such restricted share units will vest in three substantially equal annual installments beginning on March 31, 2026. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. Such restricted share units will vest on March 31, 2028. Each performance-based restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. The performance-based restricted share units are scheduled to vest based on the Issuer's ordinary shares having achieved a certain average closing price per share target by the end of the three-year performance period ending on March 31, 2028. Any earned performance-based restricted share units vest in full on March 31, 2028.

Key Figures

Time-based RSUs grant 1: 17,516 underlying ordinary shares Time-based RSUs grant 2: 21,109 underlying ordinary shares Performance-based RSUs: 17,516 underlying ordinary shares +2 more

5 metrics

Time-based RSUs grant 1 17,516 underlying ordinary shares Restricted share units; contingent right to ordinary shares or cash

Time-based RSUs grant 2 21,109 underlying ordinary shares Restricted share units; contingent right to ordinary shares or cash

Performance-based RSUs 17,516 underlying ordinary shares Vest based on share-price targets by March 31, 2028

Vesting start date (installments) March 31, 2026 First annual installment for certain restricted share units

Final vesting date March 31, 2028 Full vesting date for certain RSUs and any earned performance-based RSUs

Key Terms

Restricted Share Units, Performance-Based Restricted Share Units, contingent right, vest, +1 more

5 terms

Restricted Share Units financial

"Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Performance-Based Restricted Share Units financial

"Each performance-based restricted share unit represents a contingent right to receive one ordinary share of the Issuer"

Performance-based restricted share units are promises to give company stock to employees or executives only if the business hits specified targets, such as revenue, profit or stock performance; think of them as a bonus paid in shares that only vests when certain goals are met. They matter to investors because they align management incentives with shareholder outcomes, can dilute share count when paid out, and reveal how leadership is being rewarded and what milestones the company expects to reach.

contingent right financial

"represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash"

vest financial

"Such restricted share units will vest in three substantially equal annual installments beginning on March 31, 2026"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

performance period financial

"three-year performance period ending on March 31, 2028"

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Nakagawa Yo

(Last) (First) (Middle)

NIEUWEZIJDS VOORBURGWAL

162, 1012 SJ

(Street)

AMSTERDAM

(City) (State) (Zip)

NETHERLANDS

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Coincheck Group N.V. [ CNCK ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Planning Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	(1)	Ordinary Shares	17,516	(1)	D
Restricted Share Units	(2)	(2)	Ordinary Shares	21,109	(2)	D
Performance-Based Restricted Share Units	(3)	(3)	Ordinary Shares	17,516	(3)	D

Explanation of Responses:

1. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. Such restricted share units will vest in three substantially equal annual installments beginning on March 31, 2026.

2. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. Such restricted share units will vest on March 31, 2028.

3. Each performance-based restricted share unit represents a contingent right to receive one ordinary share of the Issuer, an equivalent amount of cash, or a combination thereof. The performance-based restricted share units are scheduled to vest based on the Issuer's ordinary shares having achieved a certain average closing price per share target by the end of the three-year performance period ending on March 31, 2028. Any earned performance-based restricted share units vest in full on March 31, 2028.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney.

	/s/ Marc Stone, as Attorney-in-Fact	03/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position is reported for Coincheck Group N.V. (CNCK)?

The filing shows Nakagawa Yo, a director and Chief Planning Officer, reporting initial holdings of restricted share units and performance-based restricted share units linked to Coincheck Group N.V.’s ordinary shares as part of his equity-based compensation structure.

How many restricted share units does Nakagawa Yo hold in CNCK?

Nakagawa Yo holds restricted share units tied to 17,516 ordinary shares and additional restricted share units tied to 21,109 ordinary shares. Each unit represents a contingent right to receive one ordinary share, cash of equivalent value, or a combination of both.

What performance-based equity awards are disclosed for CNCK’s Nakagawa Yo?

He holds performance-based restricted share units representing 17,516 underlying ordinary shares. These units vest only if Coincheck’s ordinary shares achieve a specified average closing price target by the end of a three-year performance period ending on March 31, 2028.

When do Nakagawa Yo’s time-based restricted share units in CNCK vest?

One block of restricted share units vests in three substantially equal annual installments beginning on March 31, 2026. Another block of restricted share units is scheduled to vest in full on March 31, 2028, subject to continued service and award terms.

How and what can Nakagawa Yo receive from his CNCK restricted share units?

Each restricted share unit and performance-based restricted share unit represents a contingent right to receive one ordinary share of Coincheck Group N.V., an equivalent cash amount, or a combination, depending on the company’s settlement choice under the award terms.

Do the performance-based RSUs for CNCK depend on share price targets?

Yes. The performance-based restricted share units vest based on Coincheck’s ordinary shares achieving a certain average closing price per share target by March 31, 2028. Any earned units then vest in full on March 31, 2028 under the award design.