Richard Christian M 4

What Happened
Richard Christian, a director of Cypherpunk Technologies Inc. (CYPH), was granted 75,000 restricted stock units (RSUs) on July 1, 2026. The Form 4 records the award as a derivative grant (transaction code A) at $0.00 — the RSUs were issued for no consideration under the company’s 2025 Equity Incentive Plan. These RSUs are not immediate shares; they convert to common stock on a 1-for-1 basis when settled.

Key Details

• Transaction date: July 1, 2026 (Filed with SEC on July 2, 2026). Transaction code: A (award/grant).
• Grant size and price: 75,000 RSUs at $0.00 (derivative grant).
• Vesting/settlement: Footnote states RSUs will vest on June 15, 2027 (F2). Footnote (F1) confirms 1-for-1 settlement into common stock; settlement timing described in the filing (see footnote F2).
• Consideration: Issued for no cash consideration under the 2025 Equity Incentive Plan (F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filed the next day (file date July 2, 2026) — within standard Section 16 reporting timing.

Context
RSU grants are a form of compensation and do not represent an immediate purchase or sale of shares. The holder receives actual shares only upon vesting and settlement (and subject to any tax-withholding). Such awards are common for directors and executives and should be viewed as compensation-related rather than a direct market bullish/bearish signal.