Director at Cypherpunk (CYPH) receives 168,750 shares from RSUs

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. director Oei Khing Djien increased his direct holdings through the settlement of previously granted restricted stock units. On March 13, 2026, 74,700 RSUs granted on November 11, 2025 and 94,050 RSUs granted on December 23, 2025 were settled 1-for-1 into common shares for no cash consideration. Both RSU grants had vested at issuance. Following these derivative exercises/conversions, he directly holds 168,750 shares of common stock.

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

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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^*

Oei Khing Djien

(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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FAQ

What insider transaction did Cypherpunk Technologies (CYPH) report for Oei Khing Djien?

Cypherpunk director Oei Khing Djien settled two prior restricted stock unit grants into common shares. On March 13, 2026, both RSU awards converted 1-for-1 into Cypherpunk common stock, increasing his direct equity position without any open-market trading activity or cash outlay.

How many Cypherpunk (CYPH) shares did the director receive from RSU settlements?

The director received a total of 168,750 shares of Cypherpunk common stock. This came from converting 74,700 RSUs granted in November 2025 and 94,050 RSUs granted in December 2025, each settled on a 1-for-1 basis into common shares.

Were the Cypherpunk (CYPH) director’s new shares from market purchases or compensation?

The new Cypherpunk shares came from equity compensation, not market purchases. Previously granted RSUs, awarded for no cash consideration under company equity incentive plans, were settled into common stock, reflecting a compensation-related increase rather than an open-market buy or sell decision.

What equity plans were involved in the Cypherpunk (CYPH) RSU settlements?

The 74,700 RSUs were granted under Cypherpunk’s 2022 Equity Incentive Plan, and 94,050 RSUs under its 2025 Equity Incentive Plan. Both awards were granted for no consideration and later settled into common shares as part of the company’s stock-based compensation programs.

When did the Cypherpunk (CYPH) director’s RSUs vest and settle into shares?

Both RSU grants vested in full on their respective grant dates in November 2025 and December 2025. They were subsequently settled on March 13, 2026, when each vested restricted stock unit converted into one share of Cypherpunk common stock for the director.

How many Cypherpunk (CYPH) shares does the director hold after these transactions?

After the RSU settlements, the director directly holds 168,750 Cypherpunk common shares. This figure reflects the cumulative shares received from converting the 74,700 November 2025 RSUs and 94,050 December 2025 RSUs into common stock on March 13, 2026.