RSU settlements give Cypherpunk (CYPH) director 168,750 common shares

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. director Richard Christian M acquired common shares 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 each settled 1-for-1 into common stock for no cash consideration. Following these compensation-related conversions, he directly holds 168,750 shares of common stock, with no remaining RSUs reported in this filing and no open-market purchases or sales disclosed.

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^*

Richard Christian M

(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 CYPH director Richard Christian M report?

Director Richard Christian M reported acquiring common shares in Cypherpunk Technologies through RSU settlements. On March 13, 2026, 168,750 restricted stock units converted into an equal number of common shares, reflecting compensation rather than open-market buying or selling activity.

How many Cypherpunk Technologies (CYPH) shares did the director receive from RSUs?

The director received 168,750 Cypherpunk Technologies common shares from RSU settlements. This came from 74,700 RSUs granted November 11, 2025, and 94,050 RSUs granted December 23, 2025, each converting on a one-for-one basis into common stock.

Were any Cypherpunk Technologies (CYPH) shares sold in this Form 4 filing?

No shares were sold in this Form 4. All reported transactions are RSU exercises converting into common stock at a price of $0.0000 per share, with no open-market sales or purchases indicated and all resulting shares held directly by the director.

When were the RSUs that converted to CYPH shares originally granted?

The RSUs were granted on two dates: 74,700 RSUs on November 11, 2025, under the 2022 Equity Incentive Plan and 94,050 RSUs on December 23, 2025, under the 2025 Equity Incentive Plan, both provided for no consideration to the director.

Did the Cypherpunk (CYPH) RSUs vest over time or immediately?

Both RSU grants vested immediately on their respective grant dates. Footnotes state the November 11, 2025 and December 23, 2025 RSUs vested at issuance, meaning the director’s right to receive the underlying shares was fully earned on those dates.

What is the nature of consideration for the RSUs in this CYPH Form 4?

The RSUs were granted for no cash consideration, as compensation under Cypherpunk Technologies’ equity incentive plans. On March 13, 2026, they settled into common shares at a reported transaction price of $0.0000 per share, reflecting non-cash equity compensation.