Patrick Arthur Kelly - 31 Mar 2025 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role
Co-President and COO
Signature
/s/ William Iwaschuk, Attorney-in-Fact for Patrick Arthur Kelly
Issuer symbol
CIFR
Transactions as of
31 Mar 2025
Net transactions value
-$28,166
Form type
4
Filing time
02 Apr 2025, 17:07:51 UTC
Previous filing
28 Feb 2025
Next filing
17 Jun 2025
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 +33,968 +3.4% 1,043,038 31 Mar 2025 Direct F1
transaction CIFR Common Stock Tax liability $28,166 -12,246 -1.2% $2.30 1,030,792 31 Mar 2025 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 -33,968 -1.7% $0.000000 2,014,081 31 Mar 2025 Common Stock 33,968 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 quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, subject to the Reporting Person's continuous service on the applicable vesting date. The first vesting date occurred on March 31, 2025.