Metalpha grants CEO 1M share units, spouse 727K

Q: How many RSUs did MATH’s CEO and spouse receive?

MATH CEO Bingzhong Wang was granted 1,000,000 RSUs directly, and 727,000 RSUs were granted to the CEO’s spouse on September 28, 2026.

Both awards vest in four equal installments beginning September 29, 2027, subject to the respective recipient’s continued service.

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Rhea-AI Filing Summary

Metalpha Technology Holding Ltd CEO Bingzhong Wang was granted 1,000,000 restricted share units (RSUs) directly on September 28, 2026, and 727,000 RSUs were granted to the CEO’s spouse. Each RSU represents a contingent right to receive one Ordinary Share. Both awards vest in four equal installments on the day following each anniversary, beginning September 29, 2027, and vest in full on September 29, 2030, subject to the respective recipient’s continued service. Wang disclaims beneficial ownership of the spouse’s RSUs except to the extent of his pecuniary interest.

Insider Trade Summary

Grant/Award: 1,727,000 shares

Grant/Award 2 txns

Insider Wang Bingzhong

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units ^F1	1,000,000	$0.00	$0.00
Grant/Award	Restricted Share Units ^F2	727,000	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 1,000,000 contracts (Direct); Restricted Share Units — 727,000 contracts (Indirect, By Spouse)

Footnotes (2)

F1. Represents 1,000,000 restricted share units ("RSUs") granted to the Reporting Person on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the Reporting Person's continued service to the Issuer.
F2. Represents 727,000 RSUs granted to the Reporting Person's spouse, on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person's spouse. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the continued service of the Reporting Person's spouse to the Issuer. 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.

Key Figures

Direct RSU grant: 1,000,000 RSUs Spouse RSU grant: 727,000 RSUs Ordinary Shares per RSU: 1 Ordinary Share +3 more

6 metrics

Direct RSU grant 1,000,000 RSUs Granted to Bingzhong Wang on September 28, 2026

Spouse RSU grant 727,000 RSUs Granted to the reporting person’s spouse on September 28, 2026

Ordinary Shares per RSU 1 Ordinary Share Each RSU represents a contingent right to receive one Ordinary Share

Vesting installments 4 equal installments Both awards

Initial vesting date September 29, 2027 Beginning of vesting schedule for both awards

Full vesting date September 29, 2030 Both awards vest in full, subject to continued service

Key Terms

restricted share units, contingent right, Amended and Restated 2024 Share Incentive Plan, pecuniary interest

4 terms

contingent right financial

"Each RSU represents a contingent right to receive one Ordinary Share"

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

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

How many RSUs did MATH’s CEO and spouse receive?

MATH CEO Bingzhong Wang was granted 1,000,000 RSUs directly, and 727,000 RSUs were granted to the CEO’s spouse on September 28, 2026.

When do MATH’s RSUs vest?

Both awards vest in four equal installments on the day following each anniversary, beginning September 29, 2027, and vest in full on September 29, 2030. Each award is subject to the respective recipient’s continued service to the issuer.

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

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Available on EDGAR 09/29/2026 - 09:22 AM Accepted by SEC EDGAR 09/29/2026 - 09:22 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)
09/28/2026

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)

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	09/28/2026		A		1,000,000		09/29/2027	09/29/2030	Ordinary Shares	1,000,000	$0	1,000,000	D
Restricted Share Units⁽²⁾	$0.00	09/28/2026		A		727,000		09/29/2027	09/29/2030	Ordinary Shares	727,000	$0	727,000	I	By Spouse⁽²⁾

Explanation of Responses:

1. Represents 1,000,000 restricted share units ("RSUs") granted to the Reporting Person on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the Reporting Person's continued service to the Issuer.

2. Represents 727,000 RSUs granted to the Reporting Person's spouse, on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person's spouse. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the continued service of the Reporting Person's spouse to the Issuer. 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.

	/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