Cipher Digital executive exercises 166,667 RSUs

Cipher Digital Inc. Co-President and CLO William Iwaschuk reported routine equity compensation activity.

Rhea-AI Filing Summary

Cipher Digital Inc. Co-President and CLO William Iwaschuk reported routine equity compensation activity. On June 14, 2026, he exercised 166,667 restricted stock units (RSUs), receiving the same number of Common Stock shares. Each RSU represents a contingent right to one share of Common Stock.

On June 16, 2026, 92,167 Common Stock shares were disposed of at $26.03 per share as a tax-withholding transaction to cover obligations tied to the award, not an open‑market sale. After these transactions, he directly holds 1,539,110 Common Stock shares. The RSUs were part of a grant vesting in equal installments on June 14, 2024, 2025, and 2026, conditioned on continued service.

Insider Trade Summary

166,667 shares exercised/converted

Exercise 3 txns

Insider Iwaschuk William

Role Co-President and CLO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	92,167	$26.03	$2.40M
Exercise	Restricted Stock Units	166,667	$0.00	$0.00
Exercise	Common Stock	166,667	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 1,033,716 contracts (Direct); Common Stock — 1,539,110 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
2. F2. The RSUs vest in equal installments on each of June 14, 2024, June 14, 2025 and June 14, 2026, subject to the Reporting Person's continuous service on the applicable vesting date.

Key Figures

RSUs exercised: 166,667 shares Tax-withholding shares: 92,167 shares Tax-withholding price: $26.03 per share +2 more

5 metrics

RSUs exercised 166,667 shares Restricted Stock Units converted to Common Stock on June 14, 2026

Tax-withholding shares 92,167 shares Common Stock disposed to cover tax liability on June 16, 2026

Tax-withholding price $26.03 per share Price used for 92,167-share tax-withholding disposition

Shares held after transactions 1,539,110 shares Direct Common Stock ownership following reported Form 4 activity

RSU vesting schedule 3 equal installments RSUs vest on June 14, 2024, 2025 and 2026 with continuous service

Key Terms

Restricted Stock Units, tax-withholding disposition, exercise or conversion of derivative security, contingent right, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" in a derivative transaction record"

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.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for the June 16, 2026 entry"

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.

exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

continuous service financial

"RSUs vest subject to the Reporting Person's continuous service on the vesting date"

FAQ

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

What insider transactions did Cipher Digital (CIFR) report for William Iwaschuk?

Cipher Digital’s Co-President and CLO William Iwaschuk exercised 166,667 restricted stock units into Common Stock, then had 92,167 shares withheld at $26.03 per share to cover tax obligations related to the award.

Was the Cipher Digital (CIFR) insider share disposition an open-market sale?

No. The 92,167 Cipher Digital Common Stock shares were disposed of to satisfy tax liabilities associated with equity compensation, classified as a tax-withholding disposition, and not reported as an open-market sale transaction.

How many Cipher Digital (CIFR) shares does William Iwaschuk hold after the transactions?

Following the reported equity compensation events, Co-President and CLO William Iwaschuk directly holds 1,539,110 shares of Cipher Digital Common Stock, reflecting his updated ownership position after the RSU exercise and tax withholding.

What was the size of the RSU exercise reported by Cipher Digital (CIFR)?

The Form 4 shows an exercise of 166,667 restricted stock units, each converting into one share of Cipher Digital Common Stock, as part of a vesting schedule tied to continued service through June 14, 2026.

How are the Cipher Digital (CIFR) RSUs for William Iwaschuk structured?

The restricted stock units vest in three equal installments on June 14, 2024, June 14, 2025, and June 14, 2026. Vesting is conditioned on William Iwaschuk’s continuous service with Cipher Digital on each respective vesting date.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/16/2026 - 06:15 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Iwaschuk William

(Last) (First) (Middle)

C/O CIPHER DIGITAL INC.

1 VANDERBILT AVENUE, FLOOR 54

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cipher Digital Inc. [ CIFR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President and CLO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/14/2026		M		166,667	A	(1)	1,631,277	D
Common Stock	06/16/2026		F		92,167	D	$26.03	1,539,110	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	06/14/2026		M			166,667	(2)	(2)	Common Stock	166,667	$0	1,033,716	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

2. The RSUs vest in equal installments on each of June 14, 2024, June 14, 2025 and June 14, 2026, subject to the Reporting Person's continuous service on the applicable vesting date.

Remarks:

	/s/ William Iwaschuk	06/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)