Metalpha (MATH) CFO Fan Pengyuan Receives 3,750 Shares

What Happened

• Fan Pengyuan, Chief Financial Officer of Metalpha Technology Holding Ltd (MATH), was issued 3,750 ordinary shares on July 1, 2026 upon the vesting of restricted share units (RSUs). The Form 4 records an acquisition of 3,750 shares at $0.00 and a related derivative conversion/disposition of 3,750 units at $0.00. No cash was paid and the transaction shows no immediate open-market sale.

Key Details

• Transaction date: July 1, 2026; Report filed: September 29, 2026 (Form 4 appears to have been filed late).
• Reported entries: Acquired 3,750 shares @ $0.00; Disposed (derivative conversion) 3,750 @ $0.00 (code M = exercise/conversion).
• Shares owned after transaction: filing does not state total beneficial ownership; 3,750 ordinary shares were issued to the reporting person and 11,250 RSUs remain unvested.
• Footnote: The 3,750 shares are the first of four equal annual installments from a 15,000-RSU grant made June 30, 2025. Remaining installments vest July 1 of 2027, 2028 and 2029, subject to continued service.
• No 10b5-1 plan, tax-withholding sale, or open-market sale is reported in this filing.

Context

• This was a routine RSU vesting (compensation), not a market purchase or sale; such awards reflect pay rolling into equity rather than a buy signal. The filing’s late submission is procedural and should be noted by investors tracking insider timing or compliance.