Cypherpunk (CYPH) director converts 168,750 vested RSUs into common stock

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. director Christopher Mirabelli exercised restricted stock units into common shares as part of his equity compensation. On March 13, 2026, he settled 74,700 RSUs granted on November 11, 2025 and 94,050 RSUs granted on December 23, 2025 on a 1-for-1 basis into common stock at $0.00 per share. Both RSU grants had vested at issuance. Following these conversions, he directly holds 190,376 shares of common stock and has no remaining derivative positions from these RSUs.

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^*

Mirabelli Christopher

(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)	96,326	D
Common Stock	03/13/2026		M(2)		94,050	A	(2)	190,376	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 2016 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 Christopher Mirabelli?

Cypherpunk Technologies reported that director Christopher Mirabelli converted previously granted restricted stock units into common shares. On March 13, 2026, 168,750 RSUs vested and were settled into an equal number of common shares at $0.00 per share under company equity plans.

How many Cypherpunk Technologies (CYPH) shares did Mirabelli acquire through RSU settlements?

Christopher Mirabelli acquired 168,750 shares of Cypherpunk common stock through RSU settlements. This came from 74,700 RSUs granted on November 11, 2025 and 94,050 RSUs granted on December 23, 2025, each converting 1-for-1 into common shares at no cash cost.

What is Christopher Mirabelli’s direct Cypherpunk (CYPH) shareholding after these Form 4 transactions?

After the RSU conversions, Christopher Mirabelli directly holds 190,376 Cypherpunk common shares. This total reflects the settlement of both the November 2025 and December 2025 restricted stock unit grants into common stock on March 13, 2026, with no remaining RSUs from those awards.

Were the Cypherpunk (CYPH) RSUs granted to Mirabelli subject to vesting conditions?

Both Cypherpunk RSU grants to Mirabelli vested immediately at issuance. The 74,700 RSUs granted November 11, 2025 and 94,050 RSUs granted December 23, 2025 were fully vested on their grant dates, then later settled into common stock on March 13, 2026.

Did Christopher Mirabelli pay cash to exercise his Cypherpunk (CYPH) RSUs?

Mirabelli did not pay cash to exercise these RSUs. The Form 4 shows a transaction price per share of $0.00, meaning the 168,750 restricted stock units converted on a 1-for-1 basis into Cypherpunk common shares without additional consideration from the director.

Which Cypherpunk (CYPH) equity plans were used for Mirabelli’s RSU grants?

Mirabelli’s RSUs came from two Cypherpunk equity plans. The 74,700 November 11, 2025 grant was issued under the 2016 Equity Incentive Plan, while the 94,050 December 23, 2025 grant was issued under the 2025 Equity Incentive Plan, both later settled into common stock.