Patrick Arthur Kelly - Jan 1, 2022 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role
Chief Operating Officer
Signature
/s/ William Iwaschuk, Attorney-in-Fact for Patrick Arthur Kelly
Stock symbol
CIFR
Transactions as of
Jan 1, 2022
Transactions value $
-$360,455
Form type
4
Date filed
1/4/2022, 08:11 PM
Previous filing
Nov 19, 2021
Next filing
Sep 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIFR Common Stock Options Exercise +234K 234K Jan 1, 2022 Direct F1
transaction CIFR Common Stock Tax liability -$360K -77.9K -33.25% $4.63 156K Jan 1, 2022 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 -234K -25% $0.00 703K Jan 1, 2022 Common Stock 234K 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.