Edward J. Farrell - Mar 31, 2025 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role: Chief Financial Officer
Signature: /s/ William Iwaschuk, Attorney-in-Fact for Edward J. Farrell
Stock symbol: CIFR
Transactions as of: Mar 31, 2025
Transactions value $: -$21,908
Form type: 4
Date filed: 4/2/2025, 05:10 PM
Previous filing: Mar 18, 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		+26.4K	+2.25%		1.2M	Mar 31, 2025	Direct	F1
transaction	CIFR	Common Stock	Tax liability	-$21.9K	-9.53K	-0.79%	$2.30	1.19M	Mar 31, 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	-26.4K	-1.51%	$0.00	1.72M	Mar 31, 2025	Common Stock	26.4K		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.