Cypherpunk (CYPH) grants CEO 1M RSUs vesting from 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONSI DOUGLAS E reported acquisition or exercise transactions in this Form 4 filing.
Cypherpunk Technologies Inc. reported that CEO and director Douglas E. Onsi received a grant of 1,000,000 restricted stock units (RSUs), each convertible into one share of common stock. The RSUs were issued for no cash consideration under the company’s 2025 Equity Incentive Plan.
The RSUs begin vesting with 12/36th on June 15, 2027, then 1/36th on the 15th of each following month, as long as he continues serving the company. Vested RSUs will be settled in common stock according to the plan’s stated payout schedule and applicable tax withholdings. Following this award, Onsi holds 1,000,000 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ONSI DOUGLAS E
Role
CEO,CFO,Pres.,GC,Treas.&Sec.
| 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 RSUs
Conversion ratio: 1 RSU : 1 share
Par value: $0.001 per share
+4 more
7 metrics
RSUs granted
1,000,000 RSUs
Grant to Douglas E. Onsi on 2026-07-01
Conversion ratio
1 RSU : 1 share
RSUs settle into common stock
Par value
$0.001 per share
Common stock par value
Exercise/settlement price
$0.00
RSUs issued for no consideration
Initial vesting tranche
12/36th of RSUs
Vests on June 15, 2027
Ongoing vesting rate
1/36th per month
On 15th of each month after June 15, 2027
RSUs held after grant
1,000,000 RSUs
Total RSUs following transaction
Key Terms
Restricted Stock Units, 2025 Equity Incentive Plan, par value, vesting, +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."
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.
vesting financial
"The RSUs will vest at (i) 12/36th on June 15, 2027 and (ii) 1/36th on the fifteenth (15th) day"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Vesting Date financial
"thereafter (each, a "Vesting Date"), subject to the reporting person's continued service"
FAQ
What did Cypherpunk Technologies (CYPH) disclose in this Form 4?
Cypherpunk Technologies disclosed that CEO Douglas E. Onsi received 1,000,000 restricted stock units. These RSUs convert 1-for-1 into common shares and were granted for no cash consideration under the company’s 2025 Equity Incentive Plan as equity-based compensation.
How many RSUs were granted to the Cypherpunk (CYPH) CEO?
Douglas E. Onsi was granted 1,000,000 restricted stock units. Each RSU represents the right to receive one share of Cypherpunk common stock, subject to vesting conditions and continued service with the company under the terms of the 2025 Equity Incentive Plan.
When do the Cypherpunk (CYPH) CEO’s RSUs start vesting?
The RSUs begin vesting with 12/36th of the award on June 15, 2027. After that initial vesting date, an additional 1/36th of the RSUs vests on the fifteenth day of each following month, contingent on continued service with Cypherpunk Technologies.
Did the Cypherpunk (CYPH) CEO pay cash for these RSUs?
No cash was paid for these RSUs. The filing states they were issued under Cypherpunk Technologies’ 2025 Equity Incentive Plan for no consideration, reflecting stock-based compensation rather than an open-market purchase of the company’s common shares.
How many Cypherpunk (CYPH) RSUs does the CEO hold after this grant?
After this grant, Douglas E. Onsi holds 1,000,000 restricted stock units directly. These RSUs represent potential future shares of Cypherpunk common stock, subject to the vesting schedule, continued service requirements, and the settlement mechanics described in the award documentation.