William Iwaschuk - 14 Jun 2024 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role: Co-President and CLO
Signature: /s/ William Iwaschuk
Issuer symbol: CIFR
Transactions as of: 14 Jun 2024
Transactions value $: -$454,163
Form type: 4
Filing time: 18 Jun 2024, 19:37:59 UTC
Previous filing: 12 Mar 2024
Next filing: 17 Sep 2024
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		+167K	+31.43%		697K	14 Jun 2024	Direct	F1
transaction	CIFR	Common Stock	Tax liability	-$454K	-91.8K	-13.16%	$4.95	605K	14 Jun 2024	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	-167K	-5.79%	$0.00	2.71M	14 Jun 2024	Common Stock	167K		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 June 14, 2024, June 14, 2025 and June 14, 2026, subject to the Reporting Person's continuous service on the applicable vesting date.