StableCoinX Inc. director Thomas Joseph Tarala received a direct award of 22,000 shares of Class A Common Stock on September 30, 2026, as restricted stock. The award vests in four equal quarterly installments beginning October 1, 2026, with later installments on the first trading day of each quarter, subject to his continued service on each vesting date. He held 22,000 shares following the award.
StableCoinX Inc. director Alkesh Shah received a restricted-stock award of 22,000 shares of Class A Common Stock on September 30, 2026. His reported direct holdings following the award were 22,000 shares. The award vests in four equal quarterly installments beginning October 1, 2026, subject to continued service on each vesting date.
StableCoinX Inc. (USDE) director Marc Philip Alessandro Piano acquired a direct award of 22,000 shares of Class A Common Stock on September 30, 2026, with reported direct holdings of 22,000 shares after the transaction. The award is restricted stock that vests in four equal quarterly installments, beginning October 1, 2026, and then on the first trading day of each quarter. Vesting is subject to continued service on each vesting date and may accelerate upon certain conditions.
StableCoinX Inc. director John David Griffiths acquired 22,000 shares of Class A Common Stock as a restricted-stock award on September 30, 2026, bringing his directly held shares to 22,000. The award vests in four equal quarterly installments beginning October 1, 2026, and on the first trading day of each quarter thereafter, subject to his continued service on each vesting date; it is subject to acceleration upon certain conditions.
StableCoinX Inc. director Edward Tsun-Wei Chen received an award of 22,000 shares of Class A common stock on September 30, 2026, and was reported with direct holdings of 22,000 shares afterward. The restricted stock vests in four equal quarterly installments beginning October 1, 2026, then on the first trading day of each quarter, subject to continued service on each vesting date and acceleration upon certain conditions. Separate indirect holdings were listed through CPC Sponsor Opportunities I (Parallel), LP: 180,239 shares of each of Class A and Class B; CPC Sponsor Opportunities I, LP: 215,891 shares of each class; and The Edward Tsun-Wei Chen Trust dated July 12, 2020: 323,750 shares of each class.
StablecoinX Inc. (USDE) entered into a Waiver Letter on September 14, 2026 with its subsidiary StablecoinX Assets Inc., Ethena OpCo Ltd. and the Ethena Foundation to modify restrictions on ENA tokens held by or deliverable to the company and its subsidiaries.
Effective October 5, 2026, the Ethena parties will permanently waive, release and terminate all lock-up, vesting and unlocking restrictions on these ENA tokens, including a 48‑month contractual lock-up tied to PIPE token purchase agreements from StablecoinX’s business combination with TLGY Acquisition Corporation. The waiver aligns the company’s lock-up release date with that already announced for other ENA holders.
The Waiver Letter also sets a framework for “Funding Sales” of ENA tokens to fund working capital and strategic requirements related to activities described as value-accretive to the Ethena ecosystem. For each Funding Sale, StablecoinX must give the Ethena Foundation at least five business days’ prior written notice, during which the Foundation may elect to acquire all or part of the tokens at the proposed price. Any ENA sale or other disposition by StablecoinX remains subject to the Foundation’s prior written consent under the existing Collaboration Agreement and to applicable laws and regulations.
StableCoinX Inc. (ticker USDE) filed an initial statement of beneficial ownership (Form 3) for Jensen Christopher David, identifying him as both a director and the Chief Executive Officer of the company. The filing reports no insider transactions or derivative positions in this statement. An Exhibit 24 Power of Attorney is referenced as attached.
StablecoinX Inc. (USDE) filed Amendment No. 1 to its Form S-1 registering a primary offering of 19,124,586 shares of Class A Common Stock issuable upon exercise of outstanding warrants and a secondary offering of 12,668,943 shares of Class A Common Stock by selling stockholders. The primary shares comprise 11,500,000 from Public Warrants at $11.50, 3,267,679 from Tranche A Sponsor Warrants at $11.50, and 4,356,907 from Tranche B Sponsor Warrants at $15.00. The company will receive cash only if these warrants are exercised, with potential gross proceeds of about $235.2 million, while selling stockholders receive all resale proceeds. As of August 28, 2026, 24,029,375 Class A shares were outstanding, and the registered resale shares represent about 29.3% of Class A shares (and 41.1% of non‑affiliate common stock) on a fully diluted basis, which the prospectus warns could pressure the stock price. StablecoinX is an infrastructure software and services company built around the Ethena ecosystem, with validator and DVN infrastructure, the StablecoinX Harness middleware platform, and planned distribution services, and it holds a large ENA token treasury, concentrating its risk and exposure on Ethena and ENA price volatility.
StablecoinX Inc. (USDE) announced a leadership transition, with Edward (Ted) Chen resigning as Chief Executive Officer effective September 8, 2026, while continuing as Chairman of the Board and leaving the Board’s Investment Committee. The Board appointed Christopher Jensen as Chief Executive Officer, director, and Investment Committee member, effective the same date.
The company entered into new employment agreements with Mr. Jensen and Chief Financial Officer Young Cho, providing specified cash severance and COBRA-premium benefits upon certain terminations, including enhanced multiples during a Qualifying Change in Control Period. StablecoinX highlights that its treasury strategy is anchored by approximately 3.03 billion ENA tokens, described as roughly 20% of ENA’s total supply, positioning it as the largest corporate holder of Ethena’s governance token and reinforcing its strategic focus on the Ethena digital dollar ecosystem.
StablecoinX Inc. (USDE) filed a Form S-1 for a mixed primary and resale shelf offering tied to its recent SPAC business combination with TLGY Acquisition Corp. The primary component covers 19,124,586 shares of Class A Common Stock issuable upon exercise of Public and Sponsor Warrants (11,500,000 at $11.50, 3,267,679 at $11.50, and 4,356,907 at $15.00 per share). A secondary component registers 12,668,943 Class A shares for resale by existing holders, including shares issued in the Business Combination, RSUs and shares underlying Sponsor Warrants.
StablecoinX is an infrastructure software and services company focused on the Ethena ecosystem, operating validator and DVN infrastructure, its StablecoinX Harness middleware platform, and planned distribution services for Ethena’s digital dollar products. The company holds a substantial treasury in ENA, Ethena’s governance token, and is economically concentrated on the Ethena ecosystem.
As of August 28, 2026, 24,029,375 Class A shares were outstanding. Selling stockholders may resell shares equal to about 29.3% of Class A stock and 41.1% of non-affiliate common stock on a fully diluted basis, creating potential overhang and price pressure. StablecoinX will receive no proceeds from resale; it would receive up to $235.2 million only if all warrants are exercised for cash, which is described as unlikely at current prices. The company is an emerging growth, smaller reporting, and Nasdaq “controlled company,” with extensive risk factors around ENA price volatility, digital-asset regulation, infrastructure and protocol risks, and dependence on the Ethena ecosystem.