Douglas E. Onsi - Nov 17, 2025 Form 4 Insider Report for CYPHERPUNK TECHNOLOGIES INC. (CYPH)

Signature
/s/ Douglas E. Onsi
Stock symbol
CYPH
Transactions as of
Nov 17, 2025
Transactions value $
-$2,123,642
Form type
4
Date filed
11/19/2025, 04:05 PM
Previous filing
Nov 13, 2025

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 2025-11-19 0001270185

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYPH Common Stock Sale -$822K -262K -38.59% $3.14* 417K Nov 17, 2025 See footnotes F1, F2, F4
transaction CYPH Common Stock Sale -$1.3M -414K -99.49% $3.14* 2.14K Nov 17, 2025 See footnotes F2, F3, F4
holding CYPH Common Stock 106K Nov 17, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 17, 2025, HCV VIII Liquidating Trust ("HCV Liquidating Trust") sold 261,840 shares of the Issuer's common stock at a price of $3.14 per share as a part of a liquidating distribution in connection with the wind up and liquidation of the entity. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.40 to $3.40. The reporting person undertakes to provide to the Issuer, any security holders of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this Form 4.
F2 On November 17, 2025, HealthCare Ventures IX, L.P. ("HCV IX") sold 414,479 shares of the Issuer's common stock at a price of $3.14 per share as a part of a liquidating distribution in connection with the wind up and liquidation of the entity. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.40 to $3.40. The reporting person undertakes to provide to the Issuer, any security holders of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this Form 4.
F3 Reflects a de minimis adjustment of one (1) share due to rounding.
F4 The reporting person is a managing member of Nine Capital Partners and may be deemed to have beneficial ownership of such 2,136 shares of common stock held by Nine Capital Partners. The reporting person is a Managing Director of HCPIX LLC, which is the General Partner of HealthCare Partners IX, which is the General Partner of HCV IX and may be deemed to have had beneficial ownership of the 414,479 shares of Common Stock sold by HCV IX. The reporting person is a beneficiary of the HCV Liquidating Trust and may be deemed to have had beneficial ownership of the 261,840 shares of Common Stock sold by the HCV Liquidating Trust. The reporting person disclaims beneficial ownership of such shares of common stock held by Nine Capital Partners, and sold by each of HCV IX and the HCV Liquidating Trust, except to the extent of the reporting person's proportionate pecuniary interest therein.