Featuring an extra electron in the π* antibonding orbital, species with a 2‐center‐3‐electron (2c3e) π bond without an underlying σ bond are scarcely known. Herein, we report the synthesis, isolation and characterization of a radical anion salt [K(18‐C‐6)]+[[(HCNDipp)2Si]2P2]•− ([K(18‐C‐6)]+3•−) (Dipp = 2,6‐diisopropylphenyl), in which 3•− features a perfectly planar Si2P2 four‐membered ring. This species represents the first example of a Si‐ and P‐containing analog of a bicyclo[1.1.0]butane radical anion. The unusual bonding motif of 3•− was thoroughly investigated via X‐ray crystallography, EPR spectroscopy, and DFT calculations, which unveiled the existence of a 2c3e π bond between the bridgehead P atoms and no clearly defined supporting P‒P σ bond.