Chen Edward Tsun-Wei 4

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.