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Director Cavanaugh acquires 168,750 Cypherpunk (CYPH) shares from RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. director James H. Cavanaugh acquired shares through the settlement of previously granted restricted stock units (RSUs). On March 13, 2026, 74,700 November 2025 RSUs and 94,050 December 2025 RSUs each settled on a 1-for-1 basis into common stock, totaling 168,750 shares.

These RSUs were granted for no cash consideration under the company’s 2022 and 2025 equity incentive plans and had vested at issuance. After these non‑cash, compensation-related exercises/conversions, Cavanaugh directly owned 168,963 shares of Cypherpunk common stock, with no open‑market buying or selling reported in this filing.

Positive

  • None.

Negative

  • None.

Insights

Director’s RSUs settled into 168,750 shares, a routine equity compensation event.

Director James H. Cavanaugh had two blocks of restricted stock units granted in November 2025 and December 2025 that settled on March 13, 2026 into a total of 168,750 shares of Cypherpunk common stock.

The RSUs were granted for no cash consideration under the 2022 and 2025 equity incentive plans and vested at issuance. This filing reflects a derivative exercise/conversion, not open‑market buying or selling, so it is primarily an administrative record of equity compensation becoming tradable stock.

Following settlement, Cavanaugh directly held 168,963 common shares. With no remaining derivative positions shown and no sales reported, this appears as a standard step in the company’s long‑term incentive program rather than a directional bet on the share price.

Insider CAVANAUGH JAMES H
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 74,700 $0.00 --
Exercise Restricted Stock Units 94,050 $0.00 --
Exercise Common Stock 74,700 $0.00 --
Exercise Common Stock 94,050 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 74,913 shares (Direct)
Footnotes (1)
  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"). 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. The November 2025 RSUs vested at issuance on their grant date. The December 2025 RSUs vested at issuance on their grant date.
Form 4 Insider Transactions: What Each Field Means →
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*
CAVANAUGH JAMES H
(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) 74,913 D
Common Stock 03/13/2026 M(2) 94,050 A (2) 168,963 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.
* 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did James H. Cavanaugh do in this Cypherpunk (CYPH) Form 4 filing?

Director James H. Cavanaugh reported the settlement of previously granted restricted stock units into Cypherpunk common stock. On March 13, 2026, two RSU grants converted into a total of 168,750 shares, increasing his directly held common shares without any open‑market trades.

How many Cypherpunk (CYPH) shares did Cavanaugh acquire through RSU settlement?

Cavanaugh acquired 168,750 shares of Cypherpunk common stock through RSU settlement. This came from 74,700 RSUs granted in November 2025 and 94,050 RSUs granted in December 2025, each settling on a 1‑for‑1 basis into common shares on March 13, 2026.

Did James H. Cavanaugh buy or sell Cypherpunk (CYPH) shares on the market?

The filing shows no open‑market buying or selling by Cavanaugh. Instead, it records a derivative exercise/conversion, where vested RSUs granted for no cash consideration under equity incentive plans settled into 168,750 common shares on March 13, 2026.

What are the details of the RSU grants reported for Cypherpunk (CYPH)?

The filing describes 74,700 RSUs granted on November 11, 2025 under the 2022 Equity Incentive Plan and 94,050 RSUs granted on December 23, 2025 under the 2025 Equity Incentive Plan. Both vested at issuance and later settled 1‑for‑1 into common stock.

How many Cypherpunk (CYPH) shares does Cavanaugh own after these transactions?

After the RSU settlements, Cavanaugh directly owned 168,963 shares of Cypherpunk common stock. This total reflects the addition of 168,750 shares from the settlement of the November 2025 and December 2025 RSU grants into fully issued common shares.

Were the Cypherpunk (CYPH) RSUs granted to Cavanaugh for cash consideration?

The RSUs were granted to Cavanaugh for no consideration under Cypherpunk’s 2022 and 2025 equity incentive plans. They function as stock-based compensation, vesting at issuance and later settling into common shares without requiring him to pay an exercise price.