Cary M. Grossman - 10 Aug 2023 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role: Director
Signature: William Iwaschuk, Attorney-in-Fact for Cary Grossman
Issuer symbol: CIFR
Transactions as of: 10 Aug 2023
Net transactions value: -$308,864
Form type: 4
Filing time: 14 Aug 2023, 17:38:42 UTC
Previous filing: 12 May 2023
Next filing: 22 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIFR	Common Stock	Sale	$287,702	-79,039	-25%	$3.64	232,620	10 Aug 2023	Direct	F1
transaction	CIFR	Common Stock	Sale	$21,162	-5,961	-2.6%	$3.55	226,659	10 Aug 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As previously reported on September 12, 2022, this includes 3,750 shares of the issuer's common stock the reporting person received as a liquidating distribution from GW Sponsor 2, LLC. On May 12, 2023, the reporting person filed a Form 4 which inadvertently and erroneously reported an indirect beneficial ownership of 558,750 shares of the issuer's common stock held by GW Sponsor 2, LLC. The reporting person no longer had such indirect beneficial ownership as of September 12, 2022, which was the date that GW Sponsor 2, LLC liquidated and distributed all of its shares to its members, including members unrelated to the reporting person.

Content

As previously reported on September 12, 2022, this includes 3,750 shares of the issuer's common stock the reporting person received as a liquidating distribution from GW Sponsor 2, LLC. On May 12, 2023, the reporting person filed a Form 4 which inadvertently and erroneously reported an indirect beneficial ownership of 558,750 shares of the issuer's common stock held by GW Sponsor 2, LLC. The reporting person no longer had such indirect beneficial ownership as of September 12, 2022, which was the date that GW Sponsor 2, LLC liquidated and distributed all of its shares to its members, including members unrelated to the reporting person.