Richard Christian M 4

What Happened

• Richard Christian, a director of Cypherpunk Technologies Inc. (CYPH), had a total of 168,750 restricted stock units (RSUs) settled into 168,750 shares of common stock on March 13, 2026. The settlement consisted of 74,700 shares from November 11, 2025 RSUs and 94,050 shares from December 23, 2025 RSUs. The filing reports the RSUs converted/settled (derivative code M); the reported price is $0.00, indicating no cash payment by the reporting person.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely within the two business‑day window).
• Shares received: 74,700 (Nov 2025 RSUs) + 94,050 (Dec 2025 RSUs) = 168,750 common shares.
• Reported prices/values: $0.00 (no cash exchanged). The filing shows both acquisition of shares and disposition of the derivative RSUs at $0.00—standard reporting when RSUs are settled.
• Post-transaction total holdings: not stated in the supplied excerpt of the filing.
• Relevant footnotes:
  • Nov 11, 2025 RSUs (74,700) and Dec 23, 2025 RSUs (94,050) were granted for no consideration and vested at issuance; both were settled 1-for-1 into shares on March 13, 2026.

Context

• This was a settlement of previously granted RSUs (equity awards), not an open‑market purchase or sale. Such settlements are generally compensation being converted into stock rather than an indicator of buying or selling intent.
• The dual reporting (acquisition of shares and disposition of derivative) is a common Form 4 presentation when RSUs are settled.