Anchorage Lending CA, LLC - 24 Jun 2025 Form 4 Insider Report for Gryphon Digital Mining, Inc. (GRYP)

Role
Director, 10%+ Owner
Signature
Anchorage Lending CA, LLC By: /s/ Margaret Vaden, General Counsel
Issuer symbol
GRYP
Transactions as of
24 Jun 2025
Net transactions value
+$0.1048
Form type
4
Filing time
03 Jul 2025, 17:41:39 UTC
Previous filing
01 Nov 2024
Next filing
05 Sep 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
Anchorage Lending CA, LLC Director, 10%+ Owner P.O. BOX - ONE EMBARCADERO CENTER #2409, SAN FRANCISCO Anchorage Lending CA, LLC By: /s/ Margaret Vaden, General Counsel 03 Jul 2025 0002042702
Anchor Labs, Inc. Director, 10%+ Owner P.O. BOX - ONE EMBARCADERO CENTER #2409, SAN FRANCISCO Anchor Labs, Inc. By: /s/ Margaret Vaden, General Counsel 03 Jul 2025 0001783914

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRYP Common Stock Options Exercise $1,100,000 +2,000,000 +24% $0.5500 10,287,984 24 Jun 2025 Direct F1
transaction GRYP Common Stock Tax liability $1,100,000 -1,110,102 -11% $0.9909 9,177,882 24 Jun 2025 Direct F1, F2
transaction GRYP Common Stock Options Exercise $35,302 +3,530,198 +38% $0.0100 12,708,080 24 Jun 2025 Direct F1
transaction GRYP Common Stock Tax liability $35,302 -35,626 -0.28% $0.9909 12,672,454 24 Jun 2025 Direct F1, F3

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 GRYP Warrant (right to buy) Options Exercise $0 -2,000,000 -100% $0.000000 0 24 Jun 2025 Common Stock 2,000,000 $0.5500 Direct F1
transaction GRYP Warrant (right to buy) Options Exercise $0 -3,530,198 -100% $0.000000 0 24 Jun 2025 Common Stock 3,530,198 $0.0100 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Anchorage Lending CA, LLC ("Anchorage Lending") is wholly owned by Anchor Labs, Inc., a Delaware corporation ("Anchor Labs"). Accordingly, Anchor Labs may be deemed to share beneficial ownership of the securities held of record by Anchorage Lending.
F2 On June 24, 2025, Anchorage Lending exercised a warrant to purchase 2,000,000 shares of GRYP common stock for $0.55 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 1,110,102 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 889,898 shares.
F3 On June 24, 2025, Anchorage Lending exercised a warrant to purchase 3,530,198 shares of GRYP common stock for $0.01 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 35,626 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 3,494,572 shares.

Remarks:

Dan Grigorin currently serves as Anchorage Lending's representative on the Issuer's board of directors, and therefore the Reporting Persons may each be deemed a "director by deputization" of the Issuer.