Metalpha (MATH) COO Zhang Xiaosi Receives RSU Award

What Happened
Zhang Xiaosi, Chief Operating Officer of Metalpha Technology Holding Ltd (MATH), received a grant of 5,000 restricted share units (RSUs) on September 28, 2026. The grant was reported as an award (derivative acquisition) at $0.00 consideration—i.e., no cash was paid by the reporting person. Each RSU is a contingent right to one ordinary share and will convert to shares according to the vesting schedule below.

Key Details

• Transaction date: 2026-09-28; Form 4 filed 2026-09-29 (timely filing).
• Grant size: 5,000 RSUs; reported acquisition price: $0.00 (no cash paid).
• Vesting: Four equal installments, vesting on the day after each anniversary of the grant—first vesting on 2027-09-29 and fully vested on 2029-09-29? (Note: filing states vesting completes on 20230-09-29.)
• Plan: Granted under the Company’s Amended and Restated 2024 Share Incentive Plan.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 details that each RSU is a contingent right to receive one ordinary share and vests subject to continued service.

Context
This is a standard equity compensation award (RSUs), not an open-market purchase or sale. RSU grants compensate and retain executives and do not, by themselves, imply buying or selling sentiment until vested shares are sold. The filing was made the next day and appears timely.