Cypherpunk director receives 168,750 RSU shares

Schilsky Richard reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Schilsky Richard reported acquisition or exercise transactions in this Form 4 filing.

Cypherpunk Technologies director Richard Schilsky increased his equity stake through RSU settlements, not open-market buying. On March 13, 2026, 74,700 Restricted Stock Units granted on November 11, 2025 and 94,050 RSUs granted on December 23, 2025 were each settled 1-for-1 into common shares for no cash consideration. Both RSU awards had vested at issuance. Following these conversions, Schilsky directly holds 168,750 shares of Cypherpunk Technologies common stock as reported in the filing.

Insider Trade Summary

168,750 shares exercised/converted

Exercise 4 txns

Insider Schilsky Richard

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	74,700	$0.00	$0.00
Exercise	Restricted Stock Units	94,050	$0.00	$0.00
Exercise	Common Stock	74,700	$0.00	$0.00
Exercise	Common Stock	94,050	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 168,750 shares (Direct)

Footnotes (4)

1. F1. 74,700 Restricted Stock Units ("RSUs") previously granted by Cypherpunk Technologies Inc. (the "Company") to the reporting person on November 11, 2025 pursuant to the Company's 2022 Equity Incentive Plan for no consideration (the "November 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 ("Common Stock").
2. F2. 94,050 RSUs previously granted by 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 Common Stock.
3. F3. The November 2025 RSUs vested at issuance on their grant date.
4. F4. The December 2025 RSUs vested at issuance on their grant date.

FAQ

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What insider transaction did Cypherpunk Technologies (CYPH) report for Richard Schilsky?

Richard Schilsky reported the settlement of previously granted Restricted Stock Units into common shares. On March 13, 2026, two RSU grants converted 1-for-1 into 168,750 Cypherpunk Technologies common shares, increasing his directly held position as director through equity compensation rather than market purchases.

How many Cypherpunk Technologies shares did Richard Schilsky receive from RSU settlements?

Richard Schilsky received a total of 168,750 Cypherpunk Technologies common shares. These came from 74,700 RSUs granted on November 11, 2025 and 94,050 RSUs granted on December 23, 2025, each settling on March 13, 2026 on a 1-for-1 basis into common stock.

Were Richard Schilsky’s Cypherpunk (CYPH) RSUs granted for cash consideration?

The RSUs were granted for no cash consideration under Cypherpunk Technologies’ equity incentive plans. Both the November 2025 and December 2025 RSU awards represented stock-based compensation, later settling into common shares without any purchase price paid at the time of conversion.

Did Richard Schilsky buy or sell Cypherpunk shares on the market in this Form 4?

The Form 4 shows no open-market purchases or sales by Richard Schilsky. All reported activity reflects the exercise and settlement of previously granted RSUs into common stock at a conversion price of zero, rather than discretionary buying or selling in the public market.

When did Cypherpunk’s November and December 2025 RSUs to Richard Schilsky vest?

Both RSU grants to Richard Schilsky vested at issuance on their respective grant dates. The November 11, 2025 award and the December 23, 2025 award were fully vested upfront, then later settled into common shares on March 13, 2026 as reflected in the Form 4 filing.

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

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Accepted by SEC EDGAR 03/17/2026 - 05:57 PM 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
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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^*

Schilsky Richard

(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)		74,700	A	(1)	74,700	D
Common Stock	03/13/2026		M(2)		94,050	A	(2)	168,750	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)			74,700	(3)	(3)	Common Stock	74,700	$0	0	D
Restricted Stock Units	$0	03/13/2026		M(2)			94,050	(4)	(4)	Common Stock	94,050	$0	0	D

Explanation of Responses:

1. 74,700 Restricted Stock Units ("RSUs") previously granted by Cypherpunk Technologies Inc. (the "Company") to the reporting person on November 11, 2025 pursuant to the Company's 2022 Equity Incentive Plan for no consideration (the "November 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 ("Common Stock").

2. 94,050 RSUs previously granted by 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 Common Stock.

3. The November 2025 RSUs vested at issuance on their grant date.

4. 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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