Cypherpunk Technologies (CYPH) director converts 104,500 RSUs to 152,500 share stake

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. director Dietz Thomas John exercised previously granted equity awards and increased his direct common share holdings. On March 13, 2026, 104,500 Restricted Stock Units granted on December 23, 2025 under the 2025 Equity Incentive Plan were settled on a 1-for-1 basis into 104,500 shares of common stock for no cash consideration. These RSUs had vested at issuance. Following the settlement, he directly holds 152,500 shares of Cypherpunk Technologies common stock and no remaining RSU position from this grant.

Insights

Equity compensation analyst

Routine RSU settlement increases director’s shareholdings without open-market trading.

The filing shows Dietz Thomas John, a director of Cypherpunk Technologies Inc., settling 104,500 RSUs into an equal number of common shares on March 13, 2026. The RSUs were granted on December 23, 2025 under the company’s 2025 Equity Incentive Plan and vested immediately at issuance.

The exercise price and transaction price per share are both shown as $0.0000, indicating a non-cash equity compensation event rather than a market purchase. After the conversion, his reported direct common stock holdings rise to 152,500 shares, and the derivativeSummary shows no remaining position from this RSU grant.

There are no reported sales, gifts, or tax-withholding dispositions in this filing, and transactionSummary lists 0 sell shares and one derivative exercise. This pattern is consistent with routine equity compensation settlement, which typically carries limited informational value about the director’s short-term view of the stock.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dietz Thomas John

(Last) (First) (Middle)

C/O CYPHERPUNK TECHNOLOGIES INC.

47 THORNDIKE STREET SUITE B1-1

(Street)

CAMBRIDGE MA 02141

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CYPHERPUNK TECHNOLOGIES INC. [ CYPH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		M(1)		104,500	A	(1)	152,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	03/13/2026		M(1)			104,500	(2)	(2)	Common Stock	104,500	$0	0	D

Explanation of Responses:

1. 104,500 Restricted Stock Units ("RSUs") previously granted by Cypherpunk Technologies Inc. (the "Company") to the reporting person on December 23, 2025 pursuant to the Company's 2025 Equity Incentive Plan for no consideration (the "December 2025 RSUs") were settled on March 13, 2026 on a 1 for 1 basis for shares of the Company's common stock, par value $0.001 per share.

2. The December 2025 RSUs vested at issuance on their grant date.

	/s/ Douglas E. Onsi as attorney-in-fact for the reporting person	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Cypherpunk Technologies (CYPH) report for Dietz Thomas John?

Cypherpunk Technologies reported that director Dietz Thomas John settled 104,500 Restricted Stock Units into 104,500 shares of common stock on March 13, 2026, as part of an equity compensation award granted under the company’s 2025 Equity Incentive Plan.

Did the Cypherpunk Technologies (CYPH) director buy or sell shares in the market?

The director did not buy or sell shares in the open market. Instead, 104,500 RSUs granted in December 2025 were converted on a 1-for-1 basis into common shares for no cash consideration, reflecting a compensation-related equity settlement.

How many Cypherpunk Technologies (CYPH) shares does Dietz Thomas John hold after this Form 4?

After the RSU settlement, Dietz Thomas John is reported to directly hold 152,500 shares of Cypherpunk Technologies common stock. This figure reflects his position immediately following the March 13, 2026 derivative exercise and conversion transaction described in the filing.

What were the terms of the RSUs exercised by the Cypherpunk Technologies (CYPH) director?

The 104,500 RSUs were granted on December 23, 2025 under the 2025 Equity Incentive Plan, vested at issuance, and were settled on March 13, 2026 on a 1-for-1 basis into common shares with an exercise price of $0.0000 per unit.

Does the Cypherpunk Technologies (CYPH) Form 4 show any remaining derivative awards for the director?

The Form 4 derivative summary is empty after this transaction, indicating no remaining derivative position from this RSU grant. The 104,500 RSUs were fully settled into common stock, and total shares following the transaction are reported as 152,500 common shares.

Was tax withholding or gifting involved in this Cypherpunk Technologies (CYPH) insider transaction?

The transactionSummary shows zero tax withholding and zero gifts, and only one derivative exercise of 104,500 RSUs. This means the reported activity consists solely of settling RSUs into common shares, with no associated tax-withholding dispositions or gifts in this filing.