Patrick Arthur Kelly - Sep 30, 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
Stock symbol
CIFR
Transactions as of
Sep 30, 2025
Transactions value $
-$2,574,970
Form type
4
Date filed
10/2/2025, 06:56 PM
Previous filing
Sep 16, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kelly Patrick Arthur Co-President and COO C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, NEW YORK /s/ William Iwaschuk, Attorney-in-Fact for Patrick Arthur Kelly 2025-10-02 0001887616

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIFR Common Stock Options Exercise +367K +35.11% 1.41M Sep 30, 2025 Direct F1
transaction CIFR Common Stock Tax liability -$2.36M -187K -13.27% $12.59 1.22M Sep 30, 2025 Direct
transaction CIFR Common Stock Options Exercise +34K +2.78% 1.26M Sep 30, 2025 Direct F1
transaction CIFR Common Stock Tax liability -$218K -17.3K -1.38% $12.59 1.24M Sep 30, 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 -367K -20.22% $0.00 1.45M Sep 30, 2025 Common Stock 367K Direct F1, F2
transaction CIFR Restricted Stock Units Options Exercise $0 -34K -2.35% $0.00 1.41M Sep 30, 2025 Common Stock 34K Direct F1, F3
* 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 September 13, 2023, September 13, 2024 and September 30, 2025, subject to the Reporting Person's continuous service on the applicable vesting date.
F3 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.