Douglas E. Onsi - 23 Dec 2025 Form 4 Insider Report for CYPHERPUNK TECHNOLOGIES INC. (LPTX)

Role: CEO,CFO,Pres.,GC,Treas.&Sec., Director
Signature: /s/ Douglas E. Onsi
Issuer symbol: LPTX
Transactions as of: 23 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 30 Dec 2025, 16:30:34 UTC
Previous filing: 19 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ONSI DOUGLAS E	CEO,CFO,Pres.,GC,Treas.&Sec., Director	C/O CYPHERPUNK TECHNOLOGIES INC., 47 THORNDIKE STREET SUITE B1-1, CAMBRIDGE	/s/ Douglas E. Onsi	29 Dec 2025	0001270185

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYPH	Common Stock	Other	$0	-2,136	-100%	$0.000000	0	23 Dec 2025	See footnotes	F1, F2
transaction	CYPH	Common Stock	Other	$0	+712	+0.67%	$0.000000	106,858	23 Dec 2025	Direct	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CYPH	Restricted Stock Units	Award	$0	+2,600,000		$0.000000	2,600,000	23 Dec 2025	Common Stock	2,600,000	$0.000000	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pro rata distribution from Nine Capital Partners, LLC ("Nine Capital Partners") of an aggregate of 2,136 shares of Cypherpunk Technologies Inc. ("Company") common stock, par value $0.001 per share ("Common Stock"), with 712 shares of Common Stock distributed to each of Messrs. Christopher K. Mirabelli, Douglas E. Onsi and Augustine Lawlor, respectively. Messrs. Mirabelli, Onsi and Lawlor are the Managing Members of Nine Capital Partners and as such, beneficially own and share voting and dispositive power with respect to all of the securities owned by Nine Capital Partners, LLC.
F2	The reporting person disclaims beneficial ownership of these shares except to the extent of his proportionate pecuniary interest therein.
F3	Reflects a de minimis adjustment due to rounding.
F4	Represents restricted stock units ("RSUs") to be settled on a 1 for 1 basis for shares of Company Common Stock. The RSUs were awarded pursuant to the Company's 2025 Equity Incentive Plan for no consideration.
F5	The RSUs will vest at (i) 12/36th on October 8, 2026 and (ii) 1/36th on the eighth (8th) day of each month thereafter (each, a "Vesting Date"), subject to the reporting person's continued service with the Company. Subject to the terms of the RSU award and applicable tax withholdings, the Company shall settle vested RSUs for Common Stock on the earliest to occur of (i) the first payroll period on or after the date the reporting person's employment with or service to the Company ceases, (ii) the first payroll period on or after the eighth (8th) day of the calendar month of June following any such Vesting Date applicable to such vested RSU or (iii) the first payroll period on or after the eighth (8th) day of the month of December following any such Vesting Date.