[Form 4] LEAP THERAPEUTICS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Cypherpunk Technologies Inc. (CYPH) reported insider equity awards. A director received 74,700 restricted stock units (RSUs) on November 11, 2025, recorded at $0 and held directly. These RSUs vested at issuance and will be settled in common stock after the earlier of the director leaving the Board or the first annual stockholders’ meeting following the grant.

Separately, 2,411,700 RSUs were awarded to CoinXit Ltd, shown as indirect beneficial ownership. Per the consulting agreement, these RSUs vest 12/36 on October 8, 2026 and 1/36 on the eighth day of each month thereafter, with settlement in common stock at the earliest of specified payroll dates tied to service cessation or semiannual settlement windows.

Insights

Equity compensation analyst

Non-cash RSU grants; routine compensation disclosure.

The filing lists two RSU grants: 74,700 RSUs to a director (direct) and 2,411,700 RSUs to CoinXit Ltd (indirect), both at $0 as equity awards. The director’s grant vested on November 11, 2025 with settlement tied to board service or the next annual meeting thereafter.

The CoinXit award follows a consulting agreement, vesting 12/36 on October 8, 2026 and 1/36 monthly on each 8th day thereafter. Settlement is in common stock upon specified earliest payroll dates. This is standard compensation; impact hinges on vesting and eventual settlement timing disclosed in the award terms.

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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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)
11/11/2025

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

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	(1)(2)	11/11/2025		A		74,700		(2)	(2)	Common Stock	74,700	$0	74,700	D
Restricted Stock Units	(1)(3)(4)	11/11/2025		A		2,411,700		(3)(4)	(3)(4)	Common Stock	2,411,700	$0	2,411,700	I	By CoinXit Ltd(3)(4)

Explanation of Responses:

1. Represents restricted stock units ("RSUs") to be settled on a 1 for 1 basis for shares of Cypherpunk Technologies Inc. ("Company") common stock, par value $0.001 per share ("Common Stock").

2. The RSUs were awarded pursuant to the Company's 2022 Equity Incentive Plan for no consideration. The RSUs vested at issuance on November 11, 2025 (the "Grant Date"). Subject to the terms of the RSU award and applicable tax withholdings, the Company shall settle the RSUs for Common Stock as soon as practicable following the earlier to occur of (i) the fifth (5th) business day after the date the reporting person ceases for any reason to be a member of the Company's Board of Directors or (ii) the date of the first annual meeting of stockholders of the Company that occurs following the Grant Date.

3. The RSUs were awarded to CoinXit Ltd ("CoinXit") pursuant to the Consulting Agreement, dated October 6, 2025, by and between the Company and CoinXit, and were issued under the Company's 2022 Equity Incentive Plan. The RSUs will vest at (i) 12/36th on October 8, 2026 and (ii) 1/36th on the eighth (8th) day of each month thereafter (each, a "Vesting Date"), subject to the reporting person's continued service with or to the Company. Subject to the terms of the RSU award and applicable tax withholdings, the Company shall settle vested RSUs for Common Stock on the earliest to occur of (i) the first payroll period on or after the date the reporting person's employment with or service to the Company ceases, (ii) the first payroll period on or after the eighth (8th) day of the calendar month of June following any such Vesting Date applicable to such vested RSU or (iii) the first payroll period on or after the eighth (8th) day of the month of December following any such Vesting Date.

4. The reporting person is the director and sole owner of CoinXit, and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/ Douglas E. Onsi, as attorney-in-fact for the reporting person	11/13/2025
	** 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.

FAQ

What insider awards did Cypherpunk Technologies (CYPH) report?

A director received 74,700 RSUs (direct), and 2,411,700 RSUs were awarded to CoinXit Ltd (indirect), both recorded at $0 as equity grants.

When did the director’s RSUs for CYPH vest and how will they settle?

They vested on November 11, 2025 and will settle in common stock after the earlier of the director leaving the Board or the first annual meeting following the grant.

What is the vesting schedule for the 2,411,700 RSUs awarded to CoinXit Ltd?

They vest 12/36 on October 8, 2026 and 1/36 on the eighth day of each month thereafter, subject to continued service.

How are the CoinXit Ltd RSUs reflected for ownership purposes at CYPH?

They are reported as indirect beneficial ownership by the director, via CoinXit Ltd.

What settlement terms apply to the CoinXit Ltd RSUs at CYPH?

Vested RSUs settle in common stock at the earliest of specified payroll dates tied to service cessation or semiannual schedule cutoffs in June or December.

What role does the reporting person have at Cypherpunk Technologies (CYPH)?

The reporting person is disclosed as a Director of the company.