Coincheck (CNCK) Director David Brock Receives 26,490 Shares

What Happened
David Brock, a director of Coincheck Group N.V. (CNCK), had 26,490 restricted share units (RSUs) vest and convert into 26,490 ordinary shares on September 25, 2026. The Form 4 reports an acquisition of 26,490 shares via exercise/conversion of a derivative (code M). The filing shows the derivative side of the conversion reported at $0.00; the footnote clarifies these were vested RSUs that settled one-for-one into ordinary shares. This was a vesting/settlement event (award conversion), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-25 (reported on Form 4 filed 2026-09-29).
• Reported entries: Acquired 26,490 shares via exercise/conversion (M); corresponding derivative reported disposed 26,490 @ $0.00.
• Price / value: Not reported as a cash purchase or sale in the filing; derivative conversion shown at $0.00.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: F1 — Each RSU represented a contingent right to one ordinary share (or cash/equivalent); these RSUs vested in full and settled one-for-one.
• Regulatory note: Issuer states it is a foreign private issuer; the reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act (per filing remarks).
• Transaction code: M = exercise or conversion of a derivative security.

Context
This was a routine equity compensation vesting/settlement (RSUs converting into shares) rather than a market buy or sale. Such conversions increase the director’s outstanding shares but do not necessarily indicate a trading view. No immediate sale of the newly issued ordinary shares is reported in the Form 4 excerpt provided.