[Form 4] Cipher Digital Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cipher Digital Inc. Co-President and COO Kelly Patrick Arthur reported compensation-related equity activity on June 30, 2026. He exercised a total of 140,005 performance and restricted stock units into Common Stock and had 71,474 shares withheld at $24.50 per share to cover tax obligations.
Following these non‑market transactions, Arthur held 1,550,065 shares of Common Stock directly. The derivative awards are described as RSUs and PSUs that vest in quarterly installments over three years, contingent on his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
140,005 shares exercised/converted
Mixed
9 txns
Insider
Kelly Patrick Arthur
Role
Co-President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33,967 | $0.00 | -- |
| Exercise | Restricted Stock Units | 29,611 | $0.00 | -- |
| Exercise | Performance Stock Units | 76,427 | $0.00 | -- |
| Exercise | Common Stock | 33,967 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,341 | $24.50 | $425K |
| Exercise | Common Stock | 29,611 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,117 | $24.50 | $370K |
| Exercise | Common Stock | 76,427 | $0.00 | -- |
| Tax Withholding | Common Stock | 39,016 | $24.50 | $956K |
Holdings After Transaction:
Restricted Stock Units — 999,749 shares (Direct, null);
Performance Stock Units — 458,559 shares (Direct, null);
Common Stock — 1,567,406 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer's Common Stock. 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. 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. 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
Units exercised: 140,005 units
Tax-withholding shares: 71,474 shares
Tax-withholding price: $24.50 per share
+3 more
6 metrics
Units exercised
140,005 units
Total PSUs and RSUs converted to Common Stock on June 30, 2026
Tax-withholding shares
71,474 shares
Shares delivered to satisfy tax liabilities at $24.50 per share
Tax-withholding price
$24.50 per share
Price used for F-code tax-withholding dispositions of Common Stock
Post-transaction holdings
1,550,065 shares
Common Stock directly held by Kelly Patrick Arthur after transactions
Earned PSUs vested
305,707 PSUs
Earned performance stock units that vested on December 19, 2025
RSU vesting period
3 years
RSUs vest in equal quarterly installments over three years
Key Terms
Restricted Stock Units, Performance Stock Units, tax-withholding disposition, vest in equal quarterly installments, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vest in equal quarterly installments financial
"The RSUs vest in equal quarterly installments over a three-year period"
earned PSUs financial
"305,707 earned PSUs vested on December 19, 2025"
