Patrick Arthur Kelly - 01 Jan 2022 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role
Chief Operating Officer
Signature
/s/ William Iwaschuk, Attorney-in-Fact for Patrick Arthur Kelly
Issuer symbol
CIFR
Transactions as of
01 Jan 2022
Transactions value $
-$360,455
Form type
4
Filing time
04 Jan 2022, 20:11:38 UTC
Previous filing
19 Nov 2021
Next filing
15 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIFR Common Stock Options Exercise +234,174 234,174 01 Jan 2022 Direct F1
transaction CIFR Common Stock Tax liability -$360,454 -77,852 -33.2% $4.63 156,322 01 Jan 2022 Direct

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 CIFR Restricted Stock Units Options Exercise $0 -234,174 -25% $0.000000 702,522 01 Jan 2022 Common Stock 234,174 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F2 The RSUs vest in equal installments on each of January 1, 2022, January 1, 2023, January 1, 2024 and January 1, 2025, subject to the Reporting Person's continuous service on the applicable vesting date. The RSUs have no expiration date.