Cipher Digital's William Iwaschuk acquires vested shares
Cipher Digital's Co-President and CLO reported common shares delivered or withheld alongside the unit vesting at $15.83 per share.
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Form Type
4/A
Rhea-AI Filing Summary
Cipher Digital Inc. Co-President and CLO William Iwaschuk reported vesting on September 30, 2026, of 33,967 and 29,611 restricted stock units and 76,427 performance stock units, with corresponding common shares acquired. Each unit represents a contingent right to receive one common share. He also reported 18,784, 16,375 and 42,265 common shares delivered or withheld for payment of exercise price or tax liability, each at $15.83 per share. The reported position following the transaction included 382,132 performance stock units.
Insider Trade Summary
140,005 shares exercised/converted
Exercise
9 txns
Insider
Iwaschuk William
Role
Co-President and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 33,967 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 29,611 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2, F5 | 76,427 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 33,967 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 18,784 | $15.83 | $297K |
| Exercise | Common Stock F1 | 29,611 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 16,375 | $15.83 | $259K |
| Exercise | Common Stock F2 | 76,427 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 42,265 | $15.83 | $669K |
Holdings After Transaction:
Restricted Stock Units — 906,560 contracts (Direct);
Performance Stock Units — 382,132 contracts (Direct);
Common Stock — 1,664,272 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- F2. Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer's Common Stock.
- F3. The RSUs vest in equal quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, subject to the Reporting Person's continuous service on the applicable vesting date. The first vesting date occurred on March 31, 2025.
- F4. The RSUs vest in equal quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, subject to the Reporting Person's continuous service on the applicable vesting date. The first vesting date occurred on March 31, 2026.
- F5. 305,707 earned PSUs vested on December 19, 2025, and the remaining earned PSUs vest in substantially equal quarterly installments, subject to the Reporting Person's continuous service on each vesting date. The first such vesting date occurred on March 31, 2026. These earned PSUs have no expiration date.
Key Figures
Restricted stock units vested: 33,967 units
Restricted stock units vested: 29,611 units
Performance stock units vested: 76,427 units
+5 more
8 metrics
Restricted stock units vested
33,967 units
September 30, 2026; corresponding common shares acquired
Restricted stock units vested
29,611 units
September 30, 2026; corresponding common shares acquired
Performance stock units vested
76,427 units
September 30, 2026; corresponding common shares acquired
Common shares delivered or withheld
18,784 shares
September 30, 2026; payment of exercise price or tax liability
Common shares delivered or withheld
16,375 shares
September 30, 2026; payment of exercise price or tax liability
Common shares delivered or withheld
42,265 shares
September 30, 2026; payment of exercise price or tax liability
Reported per-share price
$15.83 per share
Each common-share transaction for payment of exercise price or tax liability on September 30, 2026
Performance stock units following transaction
382,132 units
After the September 30, 2026 transaction
Key Terms
restricted stock unit, performance stock unit, contingent right, continuous service
4 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock unit financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
contingent right financial
"contingent right to receive one share of the Issuer's Common Stock"
continuous service financial
"subject to the Reporting Person's continuous service on the applicable vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What vesting schedule applies to William Iwaschuk's CIFR RSUs and PSUs?
The two RSU awards vest in equal quarterly installments over three years, subject to continuous service: one began March 31, 2025, and the other March 31, 2026. The remaining earned PSUs vest in substantially equal quarterly installments, subject to continuous service; the first such vesting date was March 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
