Coincheck Director Tan Sin Yin Receives 26,490 Shares via RSU Settlement

What Happened

• Tan Sin Yin, 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 shows an exercise/conversion of a derivative (code M) for 26,490 shares (acquired) and a corresponding derivative disposition line at $0.00. The filing’s footnote clarifies these were vested RSUs that settled on a one-for-one basis; no cash proceeds from a sale are reported.

Key Details

• Transaction date: 2026-09-25 (reported on Form 4 filed 2026-09-29).
• Shares involved: 26,490 RSUs vested and settled into 26,490 ordinary shares.
• Price / proceeds: No cash sale or market price reported; the derivative disposition is shown at $0.00.
• Footnote: F1 — each RSU equals a contingent right to one ordinary share (or cash), and these RSUs vested in full at the 2026 annual general meeting and settled one-for-one.
• Ownership after transaction: Not specified in the provided filing excerpt.
• Filing timing/remarks: The filing was submitted four days after the transaction date; the form includes a remark that, as a foreign private issuer under Rule 3a12-3(b), the reporting person's transactions are exempt from Sections 16(b) and 16(c).

Context

• This was a vesting/settlement of equity awards (RSUs), not an open-market purchase or sale. Such settlements reflect compensation or incentive-plan vesting rather than an insider buying or selling shares for investment reasons. The entry coded M denotes an exercise/conversion of a derivative, and the footnote clarifies the economic effect was RSUs converting to shares rather than a cash transaction.