Martin Patricia A. 4

4 · CYPHERPUNK TECHNOLOGIES INC. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Cypherpunk (CYPH) Director Patricia Martin Receives 168,750 Shares

What Happened

Patricia A. Martin, a director of Cypherpunk Technologies Inc. (CYPH), converted/settled Restricted Stock Units (RSUs) into 168,750 shares of common stock on March 13, 2026. The filing shows two settlements: 74,700 shares and 94,050 shares. The conversions were recorded as derivative exercises/conversions (Form 4 code M) and no cash was paid—disposition price reported as $0.00. These RSUs were originally granted in Nov 2025 and Dec 2025 and settled on a 1-for-1 basis for common stock.

Key Details

Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely within required period).
Shares converted: 74,700 RSUs + 94,050 RSUs = 168,750 shares.
Price / proceeds: RSUs settled 1-for-1; disposition/exercise price shown as $0.00 (no cash received).
Grants: Nov 11, 2025 RSUs (74,700) under 2022 Equity Incentive Plan; Dec 23, 2025 RSUs (94,050) under 2025 Equity Incentive Plan.
Vesting: Both RSU grants vested at issuance (per footnotes), so settlement simply converted vested units to shares.
Shares owned after transaction: not disclosed in this filing.

Context

This was not an open-market buy or sale but conversion/settlement of previously granted RSUs into common stock. Such corporate award settlements typically reflect compensation plan mechanics rather than a director making a market bet. The filing does not show any immediate sale of the shares for cash.

Form 4

Period: 2026-03-13

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-13+74,700→ 74,700 total
Exercise/Conversion
Common Stock
[F2]
2026-03-13+94,050→ 168,750 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-13−74,700→ 0 total
Exercise: $0.00→ Common Stock (74,700 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F4]
2026-03-13−94,050→ 0 total
Exercise: $0.00→ Common Stock (94,050 underlying)

Footnotes (4)

[F1]74,700 Restricted Stock Units ("RSUs") previously granted by Cypherpunk Technologies Inc. (the "Company") to the reporting person on November 11, 2025 pursuant to the Company's 2022 Equity Incentive Plan for no consideration (the "November 2025 RSUs") were settled on March 13, 2026 on a 1 for 1 basis for shares of the Company's common stock, par value $0.001 per share ("Common Stock").
[F2]94,050 RSUs previously granted by the Company to the reporting person on December 23, 2025 pursuant to the Company's 2025 Equity Incentive Plan for no consideration (the "December 2025 RSUs") were settled on March 13, 2026 on a 1 for 1 basis for shares of Common Stock.
[F3]The November 2025 RSUs vested at issuance on their grant date.
[F4]The December 2025 RSUs vested at issuance on their grant date.

Signature

/s/ Douglas E. Onsi as attorney-in-fact for the reporting person|2026-03-17

1 file