Patrick Arthur Kelly - 01 Jan 2023 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 2023
Transactions value $
-$67,293
Form type
4
Filing time
10 Jan 2023, 16:21:28 UTC
Previous filing
15 Sep 2022
Next filing
16 Jun 2023
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 +1.5% 390,496 01 Jan 2023 Direct F1
transaction CIFR Common Stock Tax liability -$67,292 -105,145 -26.93% $0.64 285,351 01 Jan 2023 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 -12.99% $0 1,568,348 01 Jan 2023 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.