CYPH Cypherpunk Technologies Inc. Common Stock

XNAS 2.95 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

CYPH $2.95 —
Key stats
$2.95
52-Week Range
$0.49 – $4.19
YTD
+161.06%
IV Rank (30D)
10.51
Straddle Price
$1.25
P/C Vol Ratio
1.17
Market Cap
$0.4B
Open
$2.94
Day Range
$2.93 – $3.28
Volume
8,250,604
Prev Close
$3.33
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.15%
Beta vs SPY1.19
Cost of Equity (CAPM)11.71% (VRP-adj)
WACC10.85%
Volatility Risk Premium+14.2pp (IV − HV30), ERP adj +50bps
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$-0.0B
Return on Equity (TTM)-0.6%
Book / Price28.6%
Debt / Equity0.00
Quality Score1/6 — cyclical/struggling (5y DCF)
SMA 50$2.43 (Market Anchor value)
SMA 20 / Bollinger Mid$3.09
Bollinger Width / SMA201718.6% (drives anchor stability)
Net Debt$-0.0B
Market Cap$0B
Peers used for multiples: ALGN, BNTC, UNH, UTHR (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
91%
20-Day Fair Value
≈ by Nov 20, 2026
$3.02
α +3.0% rank 72%
conviction
98%
40-Day Fair Value
≈ by Dec 21, 2026
$3.05
α +4.3% rank 60%
conviction
96%
60-Day Fair Value
≈ by Jan 19, 2027
$3.05
α +4.1% rank 61%
conviction
91%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E n/a 0% median 25.9× · 3 peers
Peer EV/EBITDA n/a 0% median 14.7× · 3 peers
Peer P/B $2.97 21% median 3.1× · 4 peers
Peer P/S n/a 0% median 2.6× · 3 peers
Market Anchor (SMA50) $2.43 79% stability 74% (BB-width)
Options Expected (B-L 30d) $2.80 0% 9 strikes · skew +0.99
As of 2026-10-22 · updated
About
Industry (SIC)
PHARMACEUTICAL PREPARATIONS (2834) · industry map
Exchange
XNAS
Market Cap
$0.4B
Employees
6
List Date
2014-07-31
CIK
0001509745
Next Earnings
2026-11-11 (Pre-Market)
Headquarters
Cambridge, MA
Homepage
https://www.cypherpunk.com

Cypherpunk Technologies Inc is a privacy technology company focused on implementing a digital asset treasury business anchored by Zcash, which is a cryptographic digital asset that operates on a decentralized, open-source blockchain network known as the Zcash Network. Through its subsidiary, the company is also engaged in developing novel therapies for patients with cancer. The group holds Zcash as part of its digital treasury business and has the following drug candidates under development in its biopharma business: Sirexatamab (DKN-01), a monoclonal antibody that inhibits Dickkopf-related pr…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'25'26Avg
Jan---34.04%-34.04%
Feb---18.20%-18.20%
Mar--22.11%22.11%
Apr--15.53%15.53%
May--16.10%16.10%
Jun---41.69%-41.69%
Jul---8.56%-8.56%
Aug--186.59%186.59%
Sep--94.74%94.74%
Oct--0.34%*0.34%
Nov-13.07%---13.07%
Dec-5.69%---5.69%
Total-18.02%163.86%72.92%
* Only 2 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $3.04
SMA 50: $2.48
SMA 200: $1.22
Current: $2.95
EMA 12: $2.93
EMA 26: $2.86
MACD: 0.0695 | Signal: -0.0503
BULLISH
ADX (14): 31.44
TREND
+DI: 29.27
−DI: 14.50

Momentum Oscillators

RSI (14): 51.62
NEUTRAL
Stoch %K: 60.30
Stoch %D: 43.17
Williams %R: -47.65

Volume & Volatility

BB Upper: $3.72
BB Lower: $2.35
NEUTRAL
OBV: 364,206,421
Vol SMA 20: 13,677,847
Vol ROC: -44.38%
ATR: $0.44
True Range: $0.40
HV 20: 157.5%
HV 30: 173.1%
HV 60: 169.4%

Data Summary

Data Points: 235
Last Updated:
Date Range: 2025-11-13T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary BULLISH (confidence level: 6/10)

Key drivers: Technical indicators, momentum oscillators, and recent options activity.

Primary risks: High volatility, mixed signals from technical indicators, and potential for a breakout or breakdown.

Investment thesis: CYPH is poised to break out of its current range, driven by bullish momentum signals and recent options activity. However, high volatility and mixed technical signals pose risks that need to be managed.

Recent news sentiment impact: No recent news available, which reduces the influence on short-term price action.

Technical Analysis Trend Direction: Short-term (1-4 weeks): Range-bound Medium-term (1-3 months): Uptrend Long-term (3-12 months): N/A

Support/Resistance Levels:

  • Upper band: $0.75
  • Middle line: $0.66
  • Lower band: $0.58

Momentum Signals: RSI interpretation: Neutral (44.89) MACD signal: Bearish (negative histogram) Bollinger Bands position: Squeeze

Volume Analysis: Volume SMA 20: 1158294.20 On-Balance Volume (OBV): 180504351.41 Volume Rate of Change: -27.64%

News & Sentiment Analysis Recent Headlines Summary: No recent news available.

Sentiment Assessment: Neutral (no recent news)

Catalyst Identification: None

Market Narrative: The lack of recent news reduces the influence on short-term price action, allowing technical signals to take center stage.

Risk & Volatility Assessment Beta Interpretation: High risk relative to market (beta > 1.5)

Volatility Regime: Current volatility is higher than historical levels.

Options Market Signals: IV Rank: 59.3% (Medium) Current IV: 359.5% Expected Move: $0.20 (35 DTE), 7-DTE: $0.20 Volume Flow: 26 calls vs 235 puts Open Interest: 10,132 calls vs 2,006 puts Put/Call Volume Ratio: 9.04 (Bearish sentiment) Put/Call OI Ratio: 0.20

Downside Protection: Support levels and risk management considerations are crucial due to the high volatility and mixed technical signals.

Market Context & Positioning Sector Performance: N/A

Institutional Activity: Mixed volume patterns suggesting institutional interest is moderate.

Correlation Analysis: CYPH is highly correlated with the market (R-squared interpretation).

Relative Valuation: Position within trading range.

Key Levels & Action Items Critical Price Levels:

  • Upper band: $0.75
  • Middle line: $0.66
  • Lower band: $0.58

Breakout/Breakdown Levels: Any move above/below the upper/lower bands could trigger significant price action.

Time-Sensitive Catalysts: Earnings dates, product launches, and regulatory changes.

Risk Management: Stop-loss levels and position sizing considerations are crucial due to high volatility and mixed technical signals.

Generated
News
All CYPH news →
Earnings History
3 of 3 under expected move
Avg Expected Move
22.87%
Avg Actual Move
8.59%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2026-03-16 Pre-Market 21.55% 21.53% 1.00x Within
2026-05-12 Pre-Market 20.45% 2.73% 0.13x Within
2026-08-13 Pre-Market 26.60% 1.50% 0.06x Within

Earnings calendar: this week’s reports with expected vs actual moves →

CYPH Options Activity & IV Rank

CYPH IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 170.6%
7-DTE IV: 159.8%
Expected Move: $1.25
7-DTE Move: $0.55
Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 460
Put Volume: 537
P/C Volume: 1.167
NEUTRAL
Call OI: 5,493
Put OI: 5,139
P/C OI: 0.936
Total OI: 10,632

ATM Options Pricing

ATM Call: $0.65
ATM Put: $0.60
Call %: 22.0%
Put %: 20.3%

Chain Summary

Chain Volume: 6,235
Chain OI: 169,795
Last Updated: 10/22/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 95th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
95%
vs own history
GEX tilt
+0.46
OI-weighted, today
Vanna tilt
-0.18
δ-sensitivity to IV
Charm tilt
-0.74
δ-decay vs time
Charm tilt -0.74: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 12 ATM contracts, 5k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM 159.9% / Wing —
30 DTE / 10d 0%
-27.5 pts EXTREME
ATM 180.5% / Wing 152.9%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)6.3LowOct 22
IV Rank (30 DTE)10.5LowOct 22
Straddle Price (30 DTE)$1.25Oct 22
Beta Analysis

Risk Metrics

Beta: 4.9304
Alpha: 144.02%
Correlation: 0.3424
R-Squared: 11.7%
Stock Volatility: 182.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 235
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own CYPH
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$512K
0.00%
#4441 of 6285new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

CYPH Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 146,355,526 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

53 filers17,549,016 shares$13.45M value11.99% of float
# Filer Shares Value % of Total % of Float Period
1 Vanguard Group Inc Custodian 2,127,109 $2.47M 18.35% 1.45% 2025-12-31
2 Vanguard Capital Management LLC 3,887,574 $2.38M 17.69% 2.66% 2026-06-30
3 BlackRock, Inc. Custodian 2,622,823 $1.61M 11.94% 1.79% 2026-06-30
4 SLT Holdings LLC 346,000 $1.15M 8.57% 0.24% 2026-09-30
5 Jane Street Group, LLC Custodian 1,701,926 $1.04M 7.75% 1.16% 2026-06-30
6 Geode Capital Management, LLC Custodian 1,173,737 $718.80K 5.35% 0.80% 2026-06-30
7 UBS Group AG Custodian 1,127,366 $689.95K 5.13% 0.77% 2026-06-30
8 Citadel Advisors LLC Custodian 836,153 $511.98K 3.81% 0.57% 2026-06-30
9 SAPIENT CAPITAL LLC 118,750 $395.44K 2.94% 0.08% 2026-09-30
10 XTX Topco Ltd 638,329 $390.85K 2.91% 0.44% 2026-06-30
11 Vanguard Fiduciary Trust Co 571,345 $349.66K 2.60% 0.39% 2026-06-30
12 State Street Corp 516,113 $316.02K 2.35% 0.35% 2026-06-30
13 Midwest Financial Group LLC 46,800 $155.84K 1.16% 0.03% 2026-09-30
14 Cygnus Capital Advisors, LLC 246,460 $151.00K 1.12% 0.17% 2026-06-30
15 Farther Finance Advisors, LLC Custodian 44,315 $147.57K 1.10% 0.03% 2026-09-30
16 Northern Trust Corp Custodian 222,031 $135.95K 1.01% 0.15% 2026-06-30
17 Susquehanna International Group, LLP Custodian 217,997 $133.48K 0.99% 0.15% 2026-06-30
18 Morgan Stanley Custodian 174,586 $106.90K 0.80% 0.12% 2026-06-30
19 LPL Financial LLC Custodian 159,194 $97.47K 0.72% 0.11% 2026-06-30
20 Sequoia Financial Advisors, LLC 152,500 $93.38K 0.69% 0.10% 2026-06-30
21 HighTower Advisors, LLC 100,580 $61.59K 0.46% 0.07% 2026-06-30
22 Virtu Financial LLC 86,789 $53.00K 0.39% 0.06% 2026-06-30
23 Two Sigma Investments, LP Custodian 80,411 $49.24K 0.37% 0.05% 2026-06-30
24 Key Client Fiduciary Advisors, LLC 75,102 $45.98K 0.34% 0.05% 2026-06-30
25 ADIRONDACK TRUST CO 10,000 $33.20K 0.25% <0.01% 2026-09-30
6 filers$934.08K notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $355.75K 38.09% 2026-06-30
2 Citadel Advisors LLC Custodian $259.00K 27.73% 2026-06-30
3 Simplex Trading, LLC Custodian $110.59K 11.84% 2026-06-30
4 Jane Street Group, LLC Custodian $107.83K 11.54% 2026-06-30
5 GROUP ONE TRADING LLC Custodian $94.17K 10.08% 2026-06-30
6 Key Client Fiduciary Advisors, LLC $6.74K 0.72% 2026-06-30
5 filers$235.75K notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $123.22K 52.27% 2026-06-30
2 Jane Street Group, LLC Custodian $53.64K 22.75% 2026-06-30
3 GROUP ONE TRADING LLC Custodian $25.41K 10.78% 2026-06-30
4 Simplex Trading, LLC Custodian $16.77K 7.11% 2026-06-30
5 Citadel Advisors LLC Custodian $16.72K 7.09% 2026-06-30

CYPH Insider Trading (Form 4)

Latest: 2026-10-14
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-14 William Patrick McEvoy III Chief Investment Officer Exer (X) +4,938,801 $0.00 $4.9K EDGAR
2026-10-14 Winklevoss Treasury Investments, LLC 10%+ Owner Exer (X) +24,694,005 $0.00 $24.7K EDGAR
2026-09-25 Patricia A. Martin Director Sell (S) −50,000 $3.86 -$193.0K EDGAR
2026-09-25 Khing Djien Oei Director Sell (S) −168,750 $3.92 -$661.5K EDGAR
2026-08-27 Thomas John Dietz Director Sell (S) −20,000 $1.72 -$34.4K EDGAR
2026-08-24 Kevin Zhang Head of Mining Grant (A) −2,000,000 RSU — EDGAR
2026-08-19 William Patrick McEvoy III Chief Investment Officer Exer (X) +16,570,852 $0.00 $16.6K EDGAR
2026-08-19 Winklevoss Capital Fund, LLC 10%+ Owner Exer (X) +82,854,260 $0.00 $82.9K EDGAR
2026-07-02 Douglas E Onsi CEO,CFO,Pres.,GC,Treas.&Sec. Grant (A) −1,000,000 RSU — EDGAR
2026-07-02 William Li Director Grant (A) −75,000 RSU — EDGAR
2026-07-02 Christian M Richard Director Grant (A) −75,000 RSU — EDGAR
2026-07-02 Nissim Mashiach Director Grant (A) −75,000 RSU — EDGAR
2026-07-02 William Patrick McEvoy III Chief Investment Officer Grant (A) −1,000,000 RSU — EDGAR
2026-07-02 Khing Djien Oei Director Grant (A) −100,000 RSU — EDGAR
2026-07-02 Patricia A. Martin Director Grant (A) −75,000 RSU — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

CYPH Insider Holdings

13 insiders · @ $2.95
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 William Patrick McEvoy III Chief Investment Officer 29,793,414 $87.89M $0 4 2026-10-14
2 Winklevoss Treasury Investments, LLC 10%+ Owner 29,793,414 $87.89M $0 2 2026-10-14
3 Winklevoss Capital Fund, LLC 10%+ Owner 24,854,613 $73.32M $0 1 2026-08-19
4 James H Cavanaugh Director 168,963 $498.4K -$822.2K 3 2026-03-17
5 William Li Director 168,750 $497.8K $0 3 2026-07-02
6 Nissim Mashiach Director 168,750 $497.8K $0 3 2026-07-02
7 Thomas John Dietz Director 132,500 $390.9K -$34.4K 4 2026-08-27
8 Christopher Mirabelli Director 130,376 $384.6K -$2.17M 4 2026-03-30
9 Patricia A. Martin Director 118,750 $350.3K -$193.0K 4 2026-09-25
10 Douglas E Onsi CEO,CFO,Pres.,GC,Treas.&Sec. 106,858 $315.2K -$2.12M 3 2026-07-02
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

CYPH Board & Officers

As of SEC filings through Oct 14, 2026

Directors 9

Officers 3

10% owners 6

Changes in the last 10 years (77)
Sep 21, 2026Amanda Fabiano became a director
Aug 18, 2026Kevin Zhang became Head of Mining
Apr 7, 2026The company announced the departure of Richard Schilsky from the board in an SEC filing
Apr 7, 2026The company announced the departure of Joseph Loscalzo from the board in an SEC filing
Apr 7, 2026The company announced the departure of James H Cavanaugh from the board in an SEC filing
Apr 7, 2026The company announced the departure of Christopher Mirabelli from the board in an SEC filing
Nov 13, 2025Christopher Mirabelli no longer listed as Chairman of the Board in SEC filings
Nov 11, 2025William Patrick McEvoy III became a director
Nov 11, 2025William Patrick McEvoy III became a 10% owner
Nov 11, 2025William Patrick McEvoy III became Chief Investment Officer
Nov 11, 2025Khing Djien Oei became a director
Oct 8, 2025Winklevoss Treasury Investments, LLC became a 10% owner
Oct 8, 2025Winklevoss Capital Management, LLC became a 10% owner
Oct 8, 2025Winklevoss Capital Fund, LLC became a 10% owner
Oct 8, 2025Tyler Howard Winklevoss became a 10% owner
Oct 8, 2025Cameron Howard Winklevoss became a 10% owner
Jun 30, 2025John Mark O'Mahony left as Chief Manufacturing Officer, per their own SEC filing
Jun 30, 2025Jason Baum left as Chief Scientific Officer, per their own SEC filing
Jun 30, 2025Augustine Lawlor left as Chief Operating Officer, per their own SEC filing
Apr 10, 2024Gilead Sciences, Inc. became a 10% owner
Not reported recently (7)
  • Cynthia Sirard · Last reported as Chief Medical Officer in an SEC filing dated Apr 1, 2025
  • Christine Granfield · Last reported as VP, Head of Reg Affairs/Qual in an SEC filing dated Apr 1, 2025
  • Gilead Sciences, Inc. · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
  • BeiGene, Ltd. · Last reported as a 10% owner in an SEC filing dated Sep 28, 2021
  • John W Littlechild · Last reported as a director in an SEC filing dated Mar 4, 2020
  • LILLY ELI & CO · Last reported as a 10% owner in an SEC filing dated Aug 13, 2018
  • Harold R Werner · Last reported as a 10% owner in an SEC filing dated Aug 1, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

CYPH Proposed Insider Sales (Form 144)

Latest: 2026-08-26
Last 30d: 0 filings  ·  Last 90d: 1 filing · $32K notice value · 1 unique filer

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Dietz Thomas John (1, $32K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-26 Dietz Thomas John Director 20,000 $32.3K 2026-08-26 Charles Schwab Corporation — EDGAR
2026-03-27 CHRISTOPHER MIRABELLI Director 60,000 $42.6K 2026-03-26 LPL Financial LLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
5 ETFs hold CYPH
5 shown · $13.13M total exposure · 0.00% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $9.6M — 2026-09-30
2 VXF Vanguard Extended Market ETF Vanguard 0.00% $3.3M — 2026-09-30
3 SATO Invesco Alerian Galaxy Crypto Economy ETF Invesco 2.01% $144,507 — 2026-10-20
4 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.00% $81,560 $3.1B 2026-10-20
5 PINK Simplify Health Care ETF Nport 0.00% $17,132 — 2026-06-30
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$-0.11
TTM Revenue
$0.00
TTM Net Income
$-877.00K
TTM Op. Cash Flow
$-21.06M
Quarterly figures (3 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$0.00$39.39M$0.18$-2.69M
Q1 '262026-03-31—$-77.17M$-0.46$-3.43M
Q4 '252025-12-31—$40.20M$0.92$-6.62M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-12
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
3.08
P/S
—
EV/EBITDA
—
EV/Sales
—
ROE
-0.6%
ROA
-0.6%
Div Yield
0.00%
FCF Yield
-4.91%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$428.82M
as of 2026-10-22
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
13.45M
SI % of Float
17.78%
Days to Cover
1.00
Short Vol Ratio
63.5%
Free Float
75.65M
Float %
70.2%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-03