Katsuya Toshihiko 4

What Happened

• Katsuya Toshihiko, Chief Operating Officer of Coincheck Group N.V. (CNCK), had 1,701 restricted share units (RSUs) vest and settle into 1,701 ordinary shares on April 20, 2026. The Form 4 reports two derivative (code M) entries: an acquisition of 1,701 shares (exercise/conversion) and a corresponding disposition recorded at $0.00. This reflects settlement of RSUs into shares rather than a market sale — no cash was paid or received.

Key Details

• Transaction date: April 20, 2026 (reported on Form 4 filed April 22, 2026).
• Transaction type: Exercise/conversion of derivative security (code M) reflecting RSU settlement.
• Shares involved: 1,701 ordinary shares acquired/issued; disposition line shows $0.00 (no sale proceeds).
• Price/value: Reported as N/A and $0.00 — consistent with RSUs settling into shares rather than a cash purchase or sale.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — these were vested RSUs that settled one-for-one into ordinary shares on April 20, 2026. F2 — each RSU represents a contingent right to one ordinary share (or cash/equivalent); RSUs vest in three substantially equal annual installments beginning March 31, 2026.
• Regulatory note: As a foreign private issuer, Coincheck states these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context

• This was not an open-market purchase or sale but the settlement of compensation RSUs into shares; it typically reflects routine executive compensation vesting rather than a trading signal. No immediate sale is reported, so there is no realized cash value to infer insider sentiment.