LI WILLIAM 4
4 · CYPHERPUNK TECHNOLOGIES INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Cypherpunk (CYPH) Director William Li Receives 168,750 Shares
What Happened
Director William Li had two prior RSU grants convert into common stock on March 13, 2026. Specifically, 74,700 RSUs from a Nov 11, 2025 grant and 94,050 RSUs from a Dec 23, 2025 grant were settled 1-for-1 into 74,700 and 94,050 shares, respectively — a total of 168,750 shares. The transactions are reported as derivative conversions (code M) and show $0 consideration (no cash exchanged).
Key Details
- Transaction date: March 13, 2026 (filed on March 17, 2026 — filing was timely).
- Grants/settlements: 74,700 RSUs (Nov 11, 2025 grant) and 94,050 RSUs (Dec 23, 2025 grant) settled 1:1 into common stock.
- Price/consideration: $0 reported (RSUs settled for shares with no cash paid).
- Total shares received: 168,750 common shares.
- Vesting: Both RSU grants vested at issuance (per footnotes).
- Shares owned after transaction: not specified in the provided filing.
- Transaction code: M (exercise/conversion of derivative — here, RSU settlement into shares).
Context
This was an award settlement (conversion of previously issued RSUs), not an open-market purchase or sale. Because the RSUs vested at grant and were simply converted to shares, this is typically routine compensation-related issuance rather than a market trading signal. No immediate sale of the issued shares is reported in this filing.
Insider Transaction Report
- 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 totalExercise: $0.00→ Common Stock (74,700 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-03-13−94,050→ 0 totalExercise: $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.