Martin Patricia A. 4

What Happened

• Patricia A. Martin, a director of Cypherpunk Technologies Inc. (CYPH), received a grant of 75,000 restricted stock units (RSUs) on July 1, 2026. The RSUs were issued for no consideration (reported price $0.00) and are recorded as a derivative award on the Form 4 (transaction code A). RSUs represent a right to receive one share of common stock for each RSU upon settlement.

Key Details

• Transaction date: 2026-07-01; reported on Form 4 filed 2026-07-02 (timely filing).
• Award: 75,000 RSUs; grant price reported $0.00 (no cash exchanged).
• Vesting/settlement: RSUs vest on June 15, 2027 (Footnote F2). The award is to be settled 1-for-1 for common shares under the Company’s 2025 Equity Incentive Plan (Footnote F1); settlement and applicable tax withholding will follow the terms described in the award.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Award/Grant of derivative securities (RSUs), not an open-market purchase or sale.

Context

• This is a compensation award (equity grant) to a director rather than a purchase or sale; such grants are common for aligning insiders with shareholder interests and do not, by themselves, indicate buy/sell decisions.
• RSUs are derivative rights that convert to common shares if and when they vest and are settled; taxes and company withholding may reduce the number of shares ultimately delivered.