Metalpha CEO receives 259,750 shares as award vests

Q: How many MATH shares did CEO Bingzhong Wang receive from RSU vesting?

On July 1, 2026, CEO Bingzhong Wang received 259,750 ordinary shares when the first of four equal annual installments of his 1,039,000 restricted share units vested.

Q: How many MATH shares did Wang's spouse receive from RSU vesting?

On July 1, 2026, Wang's spouse received 125,000 ordinary shares when the first of four equal annual installments of 500,000 RSUs granted to the spouse vested.

Q: When do Wang's and his spouse's remaining MATH RSUs vest?

Wang's remaining 779,250 RSUs continue to vest in three equal annual installments on July 1, 2027, July 1, 2028, and July 1, 2029, subject to his continued service. His spouse's remaining 375,000 RSUs continue on those dates, subject to the spouse's continued service.

Wang's and his spouse's remaining RSUs are scheduled to vest through July 1, 2029, subject to each person's continued service.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Metalpha Technology Holding Ltd CEO Bingzhong Wang received 259,750 ordinary shares on July 1, 2026, when the first of four equal annual installments of his 1,039,000 restricted share units vested. His spouse separately received 125,000 ordinary shares when the first of four equal annual installments of 500,000 RSUs granted to the spouse vested.

After the vesting, Wang held 2,590,180 ordinary shares directly and 779,250 unvested RSUs; his spouse held 125,000 ordinary shares directly and 375,000 unvested RSUs. MetaSphere Limited, an entity wholly owned by Wang's spouse, held 3,049,912 ordinary shares of record; Wang disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

384,750 shares exercised/converted

Exercise 5 txns

Insider Wang Bingzhong

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units ^F1	259,750	$0.00	$0.00
Exercise	Restricted Share Units ^F3	125,000	$0.00	$0.00
Exercise	Ordinary Shares ^F1	259,750	$0.00	$0.00
Exercise	Ordinary Shares ^F3	125,000	$0.00	$0.00
holding	Ordinary Shares ^F2	--	--	--

Holdings After Transaction: Restricted Share Units — 779,250 contracts (Direct); Restricted Share Units — 375,000 contracts (Indirect, By Spouse); Ordinary Shares — 2,590,180 shares (Direct); Ordinary Shares — 125,000 shares (Indirect, By Spouse); Ordinary Shares — 3,049,912 shares (Indirect, By Spouse's Entity)

Footnotes (3)

F1. Represents 259,750 Ordinary Shares issued to the Reporting Person upon the vesting, on July 1, 2026, of the first of four equal annual installments of 1,039,000 restricted share units ("RSUs") originally granted to the Reporting Person on June 30, 2025, as reported on the Reporting Person's Form 3. The remaining unvested portion (779,250 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the Reporting Person's continued service to the Issuer.
F2. The shares are held of record by MetaSphere Limited, an entity wholly owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3. Represents 125,000 Ordinary Shares issued upon the vesting, on July 1, 2026, of the first of four equal annual installments of 500,000 RSUs originally granted to the Reporting Person's spouse on June 30, 2025, as reported on the Reporting Person's Form 3. The shares are held directly by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The remaining unvested portion (375,000 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the continued service of the Reporting Person's spouse to the Issuer.

Key Figures

Ordinary shares issued to Wang: 259,750 shares Wang's original RSU grant: 1,039,000 RSUs Wang's unvested RSUs: 779,250 RSUs +5 more

8 metrics

Ordinary shares issued to Wang 259,750 shares Upon vesting on July 1, 2026

Wang's original RSU grant 1,039,000 RSUs Granted June 30, 2025

Wang's unvested RSUs 779,250 RSUs Following the July 1, 2026 vesting

Ordinary shares issued to Wang's spouse 125,000 shares Upon vesting on July 1, 2026

Spouse's original RSU grant 500,000 RSUs Granted June 30, 2025

Spouse's unvested RSUs 375,000 RSUs Following the July 1, 2026 vesting

Wang's direct ordinary shares following vesting 2,590,180 shares Following the July 1, 2026 vesting

MetaSphere Limited ordinary shares held of record 3,049,912 shares Entity wholly owned by Wang's spouse

Key Terms

restricted share units, beneficial ownership, pecuniary interest, held of record

4 terms

beneficial ownership regulatory

"disclaims beneficial ownership of these securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

held of record financial

"shares are held of record by MetaSphere Limited"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MATH shares did CEO Bingzhong Wang receive from RSU vesting?

On July 1, 2026, CEO Bingzhong Wang received 259,750 ordinary shares when the first of four equal annual installments of his 1,039,000 restricted share units vested.

How many MATH shares did Wang's spouse receive from RSU vesting?

On July 1, 2026, Wang's spouse received 125,000 ordinary shares when the first of four equal annual installments of 500,000 RSUs granted to the spouse vested.

When do Wang's and his spouse's remaining MATH RSUs vest?

Wang's remaining 779,250 RSUs continue to vest in three equal annual installments on July 1, 2027, July 1, 2028, and July 1, 2029, subject to his continued service. His spouse's remaining 375,000 RSUs continue on those dates, subject to the spouse's continued service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/29/2026 - 09:20 AM Accepted by SEC EDGAR 09/29/2026 - 09:20 AM

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^*

Wang Bingzhong

(Last)

(First)

(Middle)

C/O SUITE 5506-07

CENTRAL PLAZA 18 HARBOUR ROAD

(Street)

WAN CHAI

HONG KONG

(City)

(State)

(Zip)

HONG KONG

(Country)

2. Issuer Name and Ticker or Trading Symbol
Metalpha Technology Holding Ltd [ MATH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	07/01/2026		M⁽¹⁾		259,750	A	$0	2,590,180	D
Ordinary Shares								3,049,912	I	By Spouse's Entity⁽²⁾
Ordinary Shares	07/01/2026		M⁽³⁾		125,000	A	$0	125,000	I	By Spouse⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units⁽¹⁾	$0.00	07/01/2026		M			259,750	07/01/2027	07/01/2029	Ordinary Shares	779,250	$0	779,250	D
Restricted Share Units⁽³⁾	$0.00	07/01/2026		M			125,000	07/01/2027	07/01/2029	Ordinary Shares	375,000	$0	375,000	I	By Spouse⁽³⁾

Explanation of Responses:

1. Represents 259,750 Ordinary Shares issued to the Reporting Person upon the vesting, on July 1, 2026, of the first of four equal annual installments of 1,039,000 restricted share units ("RSUs") originally granted to the Reporting Person on June 30, 2025, as reported on the Reporting Person's Form 3. The remaining unvested portion (779,250 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the Reporting Person's continued service to the Issuer.

2. The shares are held of record by MetaSphere Limited, an entity wholly owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

3. Represents 125,000 Ordinary Shares issued upon the vesting, on July 1, 2026, of the first of four equal annual installments of 500,000 RSUs originally granted to the Reporting Person's spouse on June 30, 2025, as reported on the Reporting Person's Form 3. The shares are held directly by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The remaining unvested portion (375,000 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the continued service of the Reporting Person's spouse to the Issuer.

	/s/ Xiaosi Zhang, as Attorney-in-Fact for Bingzhong Wang	09/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR