ONSI DOUGLAS E 4

What Happened Douglas E. Onsi, CEO and director of Cypherpunk Technologies Inc. (also listed as CFO, President, General Counsel, Treasurer & Secretary), was granted 1,000,000 restricted stock units (RSUs) on July 1, 2026. The award was issued for no cash consideration (reported price $0.00) as a derivative grant under the company's 2025 Equity Incentive Plan (transaction code A). These RSUs represent a right to receive one common share per vested RSU in the future rather than an immediate share purchase or sale.

Key Details

• Transaction date: July 1, 2026; Form filed July 2, 2026 (timely).
• Grant: 1,000,000 RSUs; reported price $0.00; classified as a derivative award.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSUs settle 1-for-1 for Common Stock and were issued for no consideration. F2 — Vesting: 12/36 vested on June 15, 2027, then 1/36 on the 15th of each month thereafter, subject to continued service; settlement of vested RSUs occurs at specified payroll periods and is subject to tax withholding.
• Filing status: appears timely (reported period 2026-07-01, filed 2026-07-02).

Context RSUs are a form of equity compensation that convert to actual shares only when they vest; this award does not represent an immediate open-market purchase or sale. Such grants are common for executives and can dilute existing shares when settled. The vesting schedule means the economic interest vests over time and is contingent on continued service and the settlement rules described in the footnotes.