Cypherpunk director granted 75,000 RSUs

LI WILLIAM reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

LI WILLIAM reported acquisition or exercise transactions in this Form 4 filing.

Cypherpunk Technologies Inc. director William Li reported receiving a grant of restricted stock units as equity compensation. He was awarded 75,000 RSUs, each convertible on a 1-for-1 basis into shares of common stock with $0.001 par value. The RSUs were issued for no cash consideration under the company’s 2025 Equity Incentive Plan. The units are scheduled to vest on June 15, 2027, after which they will be settled in common stock according to the plan’s settlement timetable, bringing his reported derivative holdings tied to this award to 75,000 units.

Insider Trade Summary

Grant/Award: 75,000 shares

Grant/Award 1 txn

Insider LI WILLIAM

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)

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.
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 Underlying common shares: 75,000 shares Exercise/settlement price: $0.0000 per unit +3 more

6 metrics

RSUs granted 75,000 units Restricted stock units granted to William Li

Underlying common shares 75,000 shares 1-for-1 settlement into common stock

Exercise/settlement price $0.0000 per unit RSUs issued for no consideration

Vesting date June 15, 2027 RSUs vesting schedule

Total RSUs after grant 75,000 units Total derivative holdings from this award

Par value of common stock $0.001 per share Common stock underlying the RSUs

Key Terms

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

4 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 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.

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.

FAQ

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

What insider transaction did CYPH report for William Li on this Form 4?

Cypherpunk Technologies director William Li reported receiving a grant of 75,000 restricted stock units as equity compensation. These RSUs were issued for no cash consideration under the company’s 2025 Equity Incentive Plan and are tied to common stock.

How many RSUs did William Li receive from Cypherpunk Technologies (CYPH)?

William Li received 75,000 restricted stock units from Cypherpunk Technologies. Each RSU is designed to settle into one share of the company’s common stock, providing stock-based compensation rather than a cash salary component at the time of grant.

When do William Li’s 75,000 Cypherpunk Technologies (CYPH) RSUs vest?

The 75,000 RSUs granted to William Li vest on June 15, 2027. After that vesting date, the company will settle the vested RSUs in common stock according to the plan’s schedule, subject to the terms of the award and applicable tax withholdings.

Are William Li’s RSUs in CYPH an open-market purchase or a compensation grant?

The RSUs are a compensation grant, not an open-market purchase. The filing states they were issued under Cypherpunk Technologies’ 2025 Equity Incentive Plan for no consideration, meaning Li did not pay cash to acquire these 75,000 restricted stock units.

What does each Cypherpunk Technologies (CYPH) RSU represent in William Li’s grant?

Each RSU represents the right to receive one share of Cypherpunk Technologies common stock. The filing notes a 1-for-1 settlement ratio into common shares with $0.001 par value, once the RSUs vest and subject to the plan’s settlement and tax provisions.

How many derivative securities does William Li hold after this CYPH RSU grant?

Following this transaction, William Li is shown holding 75,000 derivative securities related to this RSU award. The Form 4 indicates total RSUs following the transaction equal 75,000 units, all tied to future settlement into Cypherpunk Technologies common stock.

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

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Accepted by SEC EDGAR 07/02/2026 - 09:56 PM EDT

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^*

LI WILLIAM

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)

Source: View Original Filing on SEC EDGAR