Patrick Arthur Kelly - 18 Dec 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
Issuer symbol
CIFR
Transactions as of
18 Dec 2024
Net transactions value
-$2,261,840
Form type
4
Filing time
20 Dec 2024, 21:18:11 UTC
Previous filing
12 Nov 2024
Next filing
28 Feb 2025
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 +234,174 +35% 898,444 18 Dec 2024 Direct F1
transaction CIFR Common Stock Tax liability $751,944 -119,546 -13% $6.29 778,898 18 Dec 2024 Direct
transaction CIFR Common Stock Options Exercise +470,219 +60% 1,249,117 18 Dec 2024 Direct F1
transaction CIFR Common Stock Tax liability $1,509,896 -240,047 -19% $6.29 1,009,070 18 Dec 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 -234,174 -10% $0.000000 2,110,659 18 Dec 2024 Common Stock 234,174 Direct F1, F2
transaction CIFR Restricted Stock Units Options Exercise $0 -470,219 -22% $0.000000 1,640,440 18 Dec 2024 Common Stock 470,219 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.