Chen Edward Tsun-Wei 4
4 · StableCoinX Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
StableCoinX (USDE) CEO Chen Edward Tsun-Wei Receives Awards
What Happened
- Chen Edward Tsun-Wei, CEO of StableCoinX Inc. (USDE), was issued a total of 1,439,760 shares on 2026-06-25 through multiple awards/grants (transaction code A). Each award was issued at $0.00 per share (aggregate cash price $0). According to the filing footnote, these issuances were made in connection with the closing of the business combination and were issued in exchange/forfeiture of TLGY and SC Assets securities.
Key Details
- Transaction date: 2026-06-25. Form 4 filed: 2026-07-01 (appears to be filed after the typical 2-business-day deadline).
- Shares issued: six awards totaling 1,439,760 shares (180,239 x2; 215,891 x2; 323,750 x2) at $0.00 per share.
- Price/value: issued at $0.00. Footnote F1 notes TLGY’s Class A shares closed at $10.10 on the business-combination effective date — a rough implied value of the issued shares would be about $14.5M (approx.), but the filing reports $0 consideration.
- Shares owned after transaction: not specified in this filing.
- Notable footnotes:
- F1/F4: Many Class A shares were issued in connection with the business combination and exchanges/forfeitures of TLGY securities.
- F3/F5: Some Class B shares were issued via exchange of SC Assets Class B shares.
- F2: Chen is managing partner of Carnegie Park Capital LLC and may be deemed to have control over shares held by certain CPC funds; he disclaims Section 16 beneficial ownership of CPC Fund holdings except for any pecuniary interest.
Context
- Transaction code A = award/grant. These are issuance-based acquisitions tied to the company’s merger closing, not open-market purchases or sales; such awards often reflect deal consideration, vesting, or rollover arrangements rather than an executive’s market-timing decision.
- The filing date is later than the standard 2-business-day Form 4 window, which retail investors should note for timeliness and disclosure practices.
Insider Transaction Report
Form 4
StableCoinX Inc.USDE
Chen Edward Tsun-Wei
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock
[F1][F2]2026-06-25+180,239→ 180,239 total(indirect: By CPC Sponsor Opportunities I (Parallel), LP) - Award
Class B Common Stock
[F3][F2]2026-06-25+180,239→ 180,239 total(indirect: By CPC Sponsor Opportunities I (Parallel), LP) - Award
Class A Common Stock
[F1][F2]2026-06-25+215,891→ 215,891 total(indirect: By CPC Sponsor Opportunities I, LP) - Award
Class B Common Stock
[F3][F2]2026-06-25+215,891→ 215,891 total(indirect: By CPC Sponsor Opportunities I, LP) - Award
Class A Common Stock
[F4]2026-06-25+323,750→ 323,750 total(indirect: By Trust) - Award
Class B Common Stock
[F5]2026-06-25+323,750→ 323,750 total(indirect: By Trust)
Footnotes (5)
- [F1]These shares of Class A Common Stock of the Issuer were issued in connection with the closing of the business combination (the "Business Combination") among StablecoinX Inc. (the "Issuer"), TLGY Acquisition Corp. ("TLGY"), and StablecoinX Assets Inc. ("SC Assets"), pursuant to the terms of the Business Combination Agreement, dated July 21, 2025, by and among the Issuer, TLGY, SC Assets and the other parties thereto (as amended, the "Business Combination Agreement") and the terms of the Amended and Restated Sponsor Support Agreement, dated as of September 5, 2025, by and among the Issuer, TLGY, SC Assets and the holders of TLGY securities party thereto (the "Sponsor Support Agreement") upon the exchange and forfeiture of TLGY Class A Shares and Private Placement Warrants held by the Reporting Person hereunder. On the effective date of the Business Combination, the closing price of TLGY's Class A ordinary shares was $10.10.
- [F2]Carnegie Park Capital LLC ("CPC") is the manager of CPC Sponsor Opportunities I (Parallel), LP (the "Parallel Fund") and CPC Sponsor Opportunities Fund I, LP (the "CPCSO Fund," together with the Parallel Fund, the "CPC Funds"). The reporting person is the Managing Partner of CPC and may be deemed to have voting and investment control with respect to the shares owned by the CPC Funds. This report shall not be deemed an admission that the reporting person is a member of a group or the beneficial owner of any securities not directly owned by the reporting person. The reporting person disclaims Section 16 beneficial ownership of the securities held by the CPC Funds, except to the extent of his pecuniary interest therein, if any.
- [F3]These shares of Class B Common Stock of the Issuer were issued in connection with the closing of the Business Combination pursuant to the terms of the Business Combination Agreement, upon the exchange and forfeiture of TLGY Class A shares and Private Placement Warrants held by the Reporting Person hereunder.
- [F4]These shares of Class A Common Stock of the Issuer were issued in connection with the closing of the business combination (the "Business Combination") among StablecoinX Inc. (the "Issuer"), TLGY Acquisition Corp. ("TLGY"), and StablecoinX Assets Inc. ("SC Assets"), pursuant to the terms of the Business Combination Agreement, dated July 21, 2025, by and among the Issuer, TLGY, SC Assets and the other parties thereto (as amended, the "Business Combination Agreement") upon the exchange of shares of SC Assets Class B Common Stock held by the Reporting Person hereunder.
- [F5]These shares of Class B Common Stock of the Issuer were issued in connection with the closing of the Business Combination pursuant to the terms of the Business Combination Agreement, upon the exchange of shares of SC Assets Class B Common Stock held by the Reporting Person hereunder.
Signature
/s/ Edward Tsun-Wei Chen|2026-06-29