EDWARD J. FARRELL - 14 Jun 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
Issuer symbol
CIFR
Transactions as of
14 Jun 2024
Transactions value $
-$445,911
Form type
4
Filing time
18 Jun 2024, 19:41:06 UTC
Previous filing
18 Mar 2024
Next filing
17 Sep 2024
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 +167K +26.74% 790K 14 Jun 2024 Direct F1
transaction CIFR Common Stock Tax liability -$446K -90.1K -11.4% $4.95 700K 14 Jun 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 -167K -6.5% $0.00 2.4M 14 Jun 2024 Common Stock 167K 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 June 14, 2024, June 14, 2025 and June 14, 2026, subject to the Reporting Person's continuous service on the applicable vesting date.