Cypherpunk grants 5.45M RSUs to consultant CoinXit; cancels prior award

CYPHERPUNK TECHNOLOGIES INC.

Granted 5,448,157 RSUs under 2025 Equity Incentive Plan; cancels prior 2,411,700 RSUs under 2022 Plan.
RSUs vest 12/36 on Oct 8, 2026, then 1/36 monthly, subject to continuous service.
Grant satisfies all remaining RSU obligations under November 2025 Consulting Agreement with CoinXit.
CoinXit's sole director Khing Oei serves as Chairman of the Board and is a Winklevoss Treasury designee.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CYPHERPUNK TECHNOLOGIES INC. terminated November 2025 CoinXit RSUs Agreement with CoinXit Ltd. valued at Termination and cancellation of 2,411,700 RSUs (effective 2025-12-23).

Action: termination
Counterparty: CoinXit Ltd.
Value: Termination and cancellation of 2,411,700 RSUs
Effective: 2025-12-23

Exact text from the filing

Pursuant to the December 2025 CoinXit RSUs Agreement, the Company and CoinXit also agreed (i) to terminate and cancel the November 2025 CoinXit RSUs issued pursuant to the November 2025 CoinXit RSUs Agreement, and (ii) to treat the grant by the Company to CoinXit of the December 2025 CoinXit RSUs as satisfying in full all of the Company’s obligations under the Consulting Agreement to grant CoinXit 5,448,157 RSUs under the Company’s equity incentive plans.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CYPHERPUNK TECHNOLOGIES INC. entered into December 2025 CoinXit RSUs Agreement with CoinXit Ltd. valued at Grant of 5,448,157 RSUs (effective 2025-12-23).

Action: entry
Counterparty: CoinXit Ltd.
Value: Grant of 5,448,157 RSUs
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, the Compensation Committee of the Board approved the grant under the Company’s 2025 Equity Incentive Plan (the “2025 Plan”) of 5,448,157 RSUs to CoinXit (the “December 2025 CoinXit RSUs”), pursuant to a Restricted Stock Unit Grant Agreement, dated December 23, 2025 (the “December 2025 CoinXit RSUs Agreement”).

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Source: SEC EDGAR

accession 0001104659-25-125224

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