Tyler Matthew Evans - 20 Feb 2026 Form 4 Insider Report for Nakamoto Inc. (NAKA)

Role: Chief Investment Officer
Signature: /s/ Kyle Simon, as attorney-in-fact
Issuer symbol: NAKA
Transactions as of: 20 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 24 Feb 2026, 20:41:13 UTC
Previous filing: 01 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Evans Tyler Matthew	Chief Investment Officer	300 10TH AVE SOUTH, NASHVILLE	/s/ Kyle Simon, as attorney-in-fact	24 Feb 2026	0002082131

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAKA	Common Stock	Award	$0	+17,841,993	+740%	$0.000000	20,252,858	20 Feb 2026	Direct	F1

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

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NAKA	Stock Option	Award	+4,118,006	+19%	25,421,822	20 Feb 2026	Common Stock	4,118,006	$0.0700	Direct	F2
transaction	NAKA	Stock Option	Award	+2,470,803	+11%	25,421,822	20 Feb 2026	Common Stock	2,470,803	$0.0700	Direct	F2
transaction	NAKA	Stock Option	Award	+3,596,392	+16%	25,421,822	20 Feb 2026	Common Stock	3,596,392	$0.0700	Direct	F2
transaction	NAKA	Stock Option	Award	+2,745,337	+12%	25,421,822	20 Feb 2026	Common Stock	2,745,337	$0.0700	Direct	F2
transaction	NAKA	Stock Option	Award	+12,491,284	+97%	25,421,822	20 Feb 2026	Common Stock	12,491,284	$0.0700	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Reflects (i) 5,925,156 shares of Common Stock of the Issuer, par value $0.001 ("Common Stock"), received by the Reporting Person pursuant to that certain Agreement and Plan of Merger, dated February 16, 2026, by and among the Issuer, BTC Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of the Issuer, BTC Inc., a Delaware corporation, and the stockholder representative party thereto (the "BTC Merger Agreement"), and (ii) 11,916,837 shares of Common Stock received by the Reporting Person pursuant to that certain Agreement and Plan of Merger, dated February 16, 2026, by and among the Issuer, UTXO GP Merger Sub, LLC, a Tennessee limited liability company and a wholly-owned subsidiary of the Issuer, UTXO Management GP, LLC, a Tennessee limited liability company, David Bailey, in his individual capacity, the Reporting Person, in his individual capacity, and the equityholder representative party thereto.
F2	Reflects fully vested stock options, exercisable on a one-for-one basis for Common Stock, which were assumed by the Issuer pursuant to the BTC Merger Agreement.

Content

Reflects (i) 5,925,156 shares of Common Stock of the Issuer, par value $0.001 ("Common Stock"), received by the Reporting Person pursuant to that certain Agreement and Plan of Merger, dated February 16, 2026, by and among the Issuer, BTC Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of the Issuer, BTC Inc., a Delaware corporation, and the stockholder representative party thereto (the "BTC Merger Agreement"), and (ii) 11,916,837 shares of Common Stock received by the Reporting Person pursuant to that certain Agreement and Plan of Merger, dated February 16, 2026, by and among the Issuer, UTXO GP Merger Sub, LLC, a Tennessee limited liability company and a wholly-owned subsidiary of the Issuer, UTXO Management GP, LLC, a Tennessee limited liability company, David Bailey, in his individual capacity, the Reporting Person, in his individual capacity, and the equityholder representative party thereto.

Reflects fully vested stock options, exercisable on a one-for-one basis for Common Stock, which were assumed by the Issuer pursuant to the BTC Merger Agreement.