Cypherpunk director awarded 75,000 RSUs

Cypherpunk Technologies Inc. director Mashiach Nissim received a grant of 75,000 restricted stock units.

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. director Mashiach Nissim received a grant of 75,000 restricted stock units. Each RSU will convert on a 1-for-1 basis into shares of the company’s common stock, par value $0.001 per share. The RSUs were issued for no cash consideration under the company’s 2025 Equity Incentive Plan and will vest on June 15, 2027, with settlement for common stock required no later than the timetable specified in the award terms.

Insider Trade Summary

Grant/Award: 75,000 shares

Grant/Award 1 txn

Insider Mashiach Nissim

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	75,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 75,000 contracts (Direct)

Footnotes (2)

1. F1. 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.
2. F2. The RSUs will vest on June 15, 2027. Subject to the terms of the RSU award and applicable tax withholdings, the Company shall settle the RSUs for Common Stock no later than the fifteenth (15th) day of the third (3rd) calendar month following the calendar year in which the date of grant occurs.

Key Figures

RSUs granted: 75,000 units Settlement ratio: 1-for-1 Par value: $0.001 per share +2 more

5 metrics

RSUs granted 75,000 units Restricted stock units awarded on July 1, 2026

Settlement ratio 1-for-1 Each RSU settles into one share of common stock

Par value $0.001 per share Par value of Cypherpunk common stock underlying RSUs

Exercise price $0.00 RSUs issued for no consideration; no exercise price

Vesting date June 15, 2027 Date when the 75,000 RSUs vest

Key Terms

Restricted Stock Units, 2025 Equity Incentive Plan, par value, vest, +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"

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.

vest financial

"The RSUs will vest on June 15, 2027."

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.

tax withholdings financial

"Subject to the terms of the RSU award and applicable tax withholdings"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CYPH director Mashiach Nissim report on this Form 4?

Mashiach Nissim reported receiving 75,000 restricted stock units as a compensation grant. These RSUs represent a right to receive an equal number of Cypherpunk Technologies common shares in the future, rather than an immediate cash or stock purchase on the market.

How many Cypherpunk Technologies (CYPH) RSUs were granted in this award?

The award covers 75,000 restricted stock units linked to Cypherpunk common stock. After this grant, the Form 4 shows 75,000 derivative securities held, reflecting the newly awarded RSUs that may later settle into the same number of common shares if vesting conditions are met.

When do Mashiach Nissim’s 75,000 CYPH RSUs vest and settle into shares?

The RSUs will vest on June 15, 2027, according to the filing. Subject to award terms and tax withholdings, the company must settle the vested RSUs in common stock by the fifteenth day of the third calendar month following the calendar year of the grant.

Did Mashiach Nissim pay anything for the 75,000 CYPH restricted stock units?

The filing states the RSUs were issued for no consideration to the director. This means Nissim did not pay cash for the grant; it functions as equity-based compensation under Cypherpunk Technologies’ 2025 Equity Incentive Plan, subject to future vesting conditions.

What does a 1-for-1 settlement ratio mean for CYPH RSU holders?

A 1-for-1 settlement ratio means each RSU converts into one share of common stock upon settlement. For this grant, 75,000 RSUs can become 75,000 Cypherpunk Technologies common shares if vesting requirements are satisfied and settlement occurs under the award’s specified terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 09:54 PM EDT Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Mashiach Nissim

(Last) (First) (Middle)

C/O CYPHERPUNK TECHNOLOGIES INC.

47 THORNDIKE STREET SUITE B1-1

(Street)

CAMBRIDGE MASSACHUSETTS 02141

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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

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(1)	07/01/2026		A			75,000	(2)	(2)	Common Stock	75,000	$0	75,000	D

Explanation of Responses:

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.

2. The RSUs will vest on June 15, 2027. Subject to the terms of the RSU award and applicable tax withholdings, the Company shall settle the RSUs for Common Stock no later than the fifteenth (15th) day of the third (3rd) calendar month following the calendar year in which the date of grant occurs.

	/s/ Douglas E. Onsi as attorney-in-fact for the reporting person	07/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)