Cypherpunk Technologies (CYPH) grants CIO 1,000,000 RSUs vesting from 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McEvoy William Patrick III reported acquisition or exercise transactions in this Form 4 filing.
Cypherpunk Technologies Inc. reported that Chief Investment Officer and director William Patrick McEvoy III received a grant of 1,000,000 restricted stock units (RSUs). The RSUs were issued for no cash consideration under the company’s 2025 Equity Incentive Plan and settle 1-for-1 into common stock with $0.001 par value.
The RSUs vest over three years, with 12/36 vesting on June 15, 2027, then 1/36 on the 15th day of each following month, subject to his continued service. Following this award, McEvoy holds 1,000,000 RSUs directly, which will be settled in common shares as they vest and are released.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McEvoy William Patrick III
Role
Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,000,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,000,000 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units ("RSUs") to be settled on a 1 for 1 basis for shares of Cypherpunk Technologies Inc. ("Company") common stock, par value $0.001 per share ("Common Stock"). The RSUs were issued under the Company's 2025 Equity Incentive Plan for no consideration. The RSUs will vest at (i) 12/36th on June 15, 2027 and (ii) 1/36th on the fifteenth (15th) day of each month thereafter (each, a "Vesting Date"), subject to the reporting person's continued service with the Company. Subject to the terms of the RSU award and applicable tax withholdings, the Company shall settle vested RSUs for Common Stock on the earliest to occur of (i) the first payroll period on or after the date the reporting person's employment with or service to the Company ceases, (ii) the first payroll period on or after the fifteenth (15th) day of the calendar month of June following any such Vesting Date applicable to such vested RSU or (iii) the first payroll period on or after the fifteenth (15th) day of the month of December following any such Vesting Date.
Key Figures
RSUs granted: 1,000,000 units
Exercise/settlement price: $0.0000 per RSU
Underlying shares: 1,000,000 shares
+4 more
7 metrics
RSUs granted
1,000,000 units
Award to CIO on July 1, 2026
Exercise/settlement price
$0.0000 per RSU
RSUs issued for no consideration
Underlying shares
1,000,000 shares
Common stock deliverable 1-for-1 upon settlement
Par value of common stock
$0.001 per share
Cypherpunk common stock underlying RSUs
Vesting cliff
12/36 vests June 15, 2027
Initial RSU vesting date
Ongoing vesting
1/36 monthly
On 15th day of each month after June 15, 2027
Holdings after grant
1,000,000 RSUs
Total RSUs directly held post-transaction
Key Terms
Restricted Stock Units, 2025 Equity Incentive Plan, vest, par value, +1 more
5 terms
Restricted Stock Units financial
"Represents restricted stock units ("RSUs") to be settled on a 1 for 1 basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Equity Incentive Plan financial
"The RSUs were issued under the Company's 2025 Equity Incentive Plan for no consideration."
vest financial
"The RSUs will vest at (i) 12/36th on June 15, 2027 and (ii) 1/36th on the fifteenth"
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.
par value financial
"common stock, par value $0.001 per share ("Common Stock")."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
payroll period financial
"the Company shall settle vested RSUs for Common Stock on the earliest to occur of (i) the first payroll period"
FAQ
What insider transaction did Cypherpunk Technologies (CYPH) disclose?
Cypherpunk Technologies disclosed that Chief Investment Officer William Patrick McEvoy III received 1,000,000 restricted stock units. These RSUs were granted for no cash consideration under the 2025 Equity Incentive Plan and will convert into common stock as they vest and are settled.
How many RSUs were granted to the Cypherpunk (CYPH) CIO?
The Cypherpunk Chief Investment Officer was granted 1,000,000 restricted stock units. Each RSU represents a right to receive one share of common stock, subject to vesting and settlement conditions described in the award terms and linked to continued service with the company.
What is the vesting schedule for the 1,000,000 RSUs at CYPH?
The 1,000,000 RSUs vest 12/36 on June 15, 2027, then 1/36 on the fifteenth day of each subsequent month. Vesting requires the executive’s continued service, and vested RSUs will be settled in common stock on specified payroll dates after vesting or service termination.
Did the Cypherpunk (CYPH) executive pay cash for the RSU grant?
No, the RSUs were issued for no consideration under the 2025 Equity Incentive Plan. This means the executive did not pay cash to receive them; instead, they function as equity-based compensation that converts into common shares as vesting and settlement conditions are met.
What is the executive’s RSU position after this Cypherpunk (CYPH) grant?
After this grant, the reporting person holds 1,000,000 restricted stock units directly. These RSUs represent potential future shares of Cypherpunk common stock, which will be delivered over time as vesting milestones are achieved and the company settles vested units through its payroll processes.