EDWARD J. FARRELL - 13 Sep 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
13 Sep 2024
Transactions value $
-$578,399
Form type
4
Filing time
17 Sep 2024, 17:24:47 UTC
Previous filing
18 Jun 2024
Next filing
20 Dec 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 +367K +52.39% 1.07M 13 Sep 2024 Direct F1
transaction CIFR Common Stock Tax liability -$578K -187K -17.55% $3.09 879K 13 Sep 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 -367K -15.29% $0.00 2.03M 13 Sep 2024 Common Stock 367K 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 September 13, 2023, September 13, 2024 and September 13, 2025, subject to the Reporting Person's continuous service on the applicable vesting date.