Form 144: Registered resale of 48,000 shares

Issuer filing a Form 144 reporting proposed resale of 48,000 shares of Common Stock by Morgan Stanley Smith Barney LLC as broker-dealer for restricted stock vested under a registered plan.

Rhea-AI Filing Summary

Issuer filing a Form 144 reporting proposed resale of 48,000 shares of Common Stock by Morgan Stanley Smith Barney LLC as broker-dealer for restricted stock vested under a registered plan. The filing lists two recent dispositions: 35,568 shares on 2026-03-16 and 35,568 shares on 2026-02-17, with gross proceeds of $532,808.64 and $552,015.36, respectively.

Insights

Corporate Governance Analyst

Form 144 records broker‑facilitated resale of vested restricted shares.

The filing lists a registered resale of 48,000 shares tied to restricted stock vesting under a registered plan; the broker-dealer is named as the selling intermediary. The broker role and the registration context are administrative disclosures under Rule 144.

Cash-flow treatment and whether shares remain under any holding restriction are not stated in the excerpt; subsequent filings would show actual trades or Form 4/Form 5 updates if required.

Key Figures

Registered shares to be sold: 48,000 shares Disposition on 2026-03-16: 35,568 shares Proceeds on 2026-03-16: $532,808.64 +3 more

6 metrics

Registered shares to be sold 48,000 shares Securities To Be Sold; restricted stock vesting under registered plan

Disposition on 2026-03-16 35,568 shares Securities Sold During The Past 3 Months

Proceeds on 2026-03-16 $532,808.64 Gross proceeds reported for 35,568-share sale

Disposition on 2026-02-17 35,568 shares Securities Sold During The Past 3 Months

Proceeds on 2026-02-17 $552,015.36 Gross proceeds reported for 35,568-share sale

Vesting date 12/18/2024 Restricted stock vesting under registered plan

Key Terms

Restricted stock vesting, Form 144, Selling intermediary

3 terms

Restricted stock vesting financial

"Restricted stock vesting under a registered plan dated 12/18/2024"

Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.

Form 144 regulatory

"Filer Information and Securities To Be Sold sections reference Form 144"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Selling intermediary financial

"Morgan Stanley Smith Barney LLC listed as the broker-dealer in Securities To Be Sold"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does CIFR's Form 144 disclose about the planned resale?

It discloses a registered resale of 48,000 shares by Morgan Stanley Smith Barney LLC. The filing ties the shares to restricted stock vesting under a registered plan dated 12/18/2024.

Who is identified as the selling intermediary on the CIFR Form 144?

The selling intermediary is Morgan Stanley Smith Barney LLC. The filing shows the broker-dealer at 1 New York Plaza handling the proposed resale of restricted shares.

What recent sales are reported in the filing for Kelly Patrick Arthur?

Two dispositions are reported: 35,568 shares on 2026-03-16 for $532,808.64 and 35,568 shares on 2026-02-17 for $552,015.36. These are listed under securities sold during the past three months.

Are the shares being resold derived from an issuer grant or other source?

The shares are described as resulting from restricted stock vesting under a registered plan dated 12/18/2024. The filing labels the transaction source as Issuer in the securities-to-be-sold section.

Does the Form 144 state the expected proceeds to the issuer from the resale?

The filing does not state proceeds payable to the issuer; it shows gross proceeds for past sales by the reporting person. There is no statement in the excerpt that the issuer will receive proceeds from the listed resales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 04:15 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001887616
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CIPHER DIGITAL INC.
SEC File Number	001-39625
Address of Issuer	1 Vanderbilt Avenue, Floor 54 New York NEW YORK 10017
Phone	(332) 262-2300
Name of Person for Whose Account the Securities are To Be Sold	PATRICK KELLY
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	48000	929280.00	409049000	05/12/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	12/18/2024	Restricted stock vesting under a registered plan	Issuer			48000	12/18/2024	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Kelly Patrick Arthur 1 Vanderbilt Avenue, Floor 54 New York NY 10017	Common	03/16/2026	35568	532808.64
Kelly Patrick Arthur 1 Vanderbilt Avenue, Floor 54 New York NY 10017	Common	02/17/2026	35568	552015.36

144: Remarks and Signature

Remarks
Date of Notice	05/12/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Patrick Kelly
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)