Edward J. Farrell - Jan 1, 2024 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
Jan 1, 2024
Transactions value $
-$386,324
Form type
4
Date filed
1/3/2024, 04:20 PM
Previous filing
Sep 15, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIFR Common Stock Options Exercise +234K +48.52% 717K Jan 1, 2024 Direct F1
transaction CIFR Common Stock Tax liability -$386K -93.5K -13.05% $4.13 623K Jan 1, 2024 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 -13.76% $0.00 1.47M Jan 1, 2024 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.