Schilsky Richard 4

What Happened

• Richard Schilsky, a director of Cypherpunk Technologies Inc. (CYPH), acquired a total of 168,750 shares of common stock on March 13, 2026 through settlement/conversion of previously granted Restricted Stock Units (RSUs). The breakdown: 74,700 shares from November 11, 2025 RSUs and 94,050 shares from December 23, 2025 RSUs. No cash was paid; the RSUs were settled 1-for-1 into common stock and the transaction shows $0 proceeds — this is not an open‑market sale.

Key Details

• Transaction date: March 13, 2026 (reported on Form 4 filed March 17, 2026).
• Transaction type/code: Exercise/conversion of derivative (code M) — RSU settlement into common stock.
• Shares acquired: 74,700 + 94,050 = 168,750 shares; Price: $0 (granted/settled for no consideration).
• Footnotes: Both RSU grants were issued for no consideration and “vested at issuance” (Nov 11, 2025 and Dec 23, 2025) and were settled 1-for-1 on March 13, 2026.
• Shares owned after transaction: Not disclosed on this Form 4.
• Filing timeliness: Form 4 filed March 17, 2026 (within the typical 2 business‑day reporting window) — not marked late.

Context

• These entries reflect conversion/settlement of RSUs into shares rather than market purchases or sales; the $0 “disposition” lines represent cancellation of the derivative award upon settlement, not a sale for cash. Such award settlements are routine compensation events and do not by themselves indicate buy/sell sentiment.