Nakagawa Yo 4

What Happened

• Nakagawa Yo, Chief Planning Officer and Director of Coincheck Group N.V. (CNCK), had 5,839 restricted share units (RSUs) vest and convert into ordinary shares on April 20, 2026. The Form 4 reports an exercise/conversion (transaction code M) for 5,839 shares; the filing shows an acquisition entry and a corresponding disposal entry at $0.00 (a reporting presentation consistent with RSU settlement). No dollar value per share is provided in the filing.

Key Details

• Transaction date: April 20, 2026 (Form 4 filed April 22, 2026)
• Transaction type/code: Exercise/conversion of derivative (M) — 5,839 shares
• Reported prices: Acquired reported as N/A; disposed shown at $0.00 (derivative reporting)
• 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 share (or cash) and vests in three substantially equal annual installments beginning March 31, 2026.
• Filing remark: Issuer is a foreign private issuer; transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act per Rule 3a12-3(b)

Context

• This was a vesting/settlement of equity compensation (RSUs), not an open-market purchase or sale by the insider. Such settlements are common as part of executive compensation and do not, by themselves, indicate a buy or sell signal. The filing’s conversion/disposition entries reflect how RSU settlements are reported, not an actual cash sale.