Patrick Arthur Kelly - Dec 18, 2024 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role
Co-President and COO
Signature
/s/ William Iwaschuk, Attorney-in-Fact for Patrick Arthur Kelly
Stock symbol
CIFR
Transactions as of
Dec 18, 2024
Transactions value $
-$2,261,840
Form type
4
Date filed
12/20/2024, 09:18 PM
Previous filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIFR Common Stock Options Exercise +234K +35.25% 898K Dec 18, 2024 Direct F1
transaction CIFR Common Stock Tax liability -$752K -120K -13.31% $6.29 779K Dec 18, 2024 Direct
transaction CIFR Common Stock Options Exercise +470K +60.37% 1.25M Dec 18, 2024 Direct F1
transaction CIFR Common Stock Tax liability -$1.51M -240K -19.22% $6.29 1.01M Dec 18, 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 -9.99% $0.00 2.11M Dec 18, 2024 Common Stock 234K Direct F1, F2
transaction CIFR Restricted Stock Units Options Exercise $0 -470K -22.28% $0.00 1.64M Dec 18, 2024 Common Stock 470K Direct F1, F3
* 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 Represents the early vesting and settlement of the final installment of the RSU award granted on November 17, 2021.
F3 Represents the early vesting and settlement of the first installment of the RSU award granted on March 9, 2024.