LOSCALZO JOSEPH 4

What Happened Joseph Loscalzo, a director of Cypherpunk Technologies Inc. (CYPH), had previously granted RSUs settle into common stock. On March 13, 2026 he converted a total of 168,750 RSUs (74,700 + 94,050) into 168,750 shares of Cypherpunk common stock. The settlements were non‑cash (no consideration was paid); the Form 4 lists the derivative conversion code (M) with acquisition prices N/A and disposals at $0.00.

Key Details

• Transaction date: March 13, 2026 (settlement of RSUs).
• Shares received: 74,700 shares (from Nov 11, 2025 RSUs) and 94,050 shares (from Dec 23, 2025 RSUs) — total 168,750 shares.
• Price/value: No cash exchanged; conversions settled 1-for-1 for common stock (disposals recorded at $0.00 for the derivative).
• Grants/vesting: The November 11, 2025 and December 23, 2025 RSUs vested at issuance per the filing and were granted for no consideration (see footnotes F1–F4).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 filed Mar 17, 2026 for a Mar 13, 2026 transaction (filed 4 days after the transaction); insiders are generally required to file within 2 business days, so this appears delayed.

Context These transactions are settlements of previously granted restricted stock units (RSUs) that vested at grant and were converted 1-for-1 into common shares on the settlement date. This is not an open‑market purchase or sale — it reflects receipt of shares from equity awards, not a cash investment or disposition. No immediate sale of the newly issued shares is indicated in the filing.