Mashiach Nissim 4

What Happened Mashiach Nissim, a director of Cypherpunk Technologies Inc. (CYPH), had 168,750 restricted stock units (RSUs) settled into common stock on March 13, 2026. Specifically, 74,700 RSUs from a November 11, 2025 grant and 94,050 RSUs from a December 23, 2025 grant were converted 1-for-1 into 74,700 and 94,050 shares, respectively. The RSUs were settled with no cash consideration (reported as $0.00), so this was not a purchase or sale of stock on the open market but an issuance/settlement of previously granted awards.

Key Details

• Transaction date: March 13, 2026 (settlement of RSUs into shares).
• Share counts: 74,700 shares (Nov 2025 RSUs) + 94,050 shares (Dec 2025 RSUs) = 168,750 shares.
• Price/cost: Settled at no cash cost to the reporting person (reported $0.00 for the derivative disposal).
• Vesting: Both sets of RSUs vested at issuance on their grant dates (Nov 11, 2025 and Dec 23, 2025) per the filing footnotes.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form filed March 17, 2026 for a March 13, 2026 transaction (filed within the SEC’s two-business-day window).

Context This filing records the conversion/settlement of RSUs into common shares (derivative instruments being settled), not an open-market buy or sale. Such settlements are routine when RSUs vest or are otherwise settled and do not by themselves indicate a purchase-based bullish signal or an intent to sell. The filing includes explanatory footnotes stating the grants were issued and vested previously and were settled 1:1 for shares on March 13, 2026.