Cipher Digital exec exercises 140K share awards
Cipher Digital Inc. Co-President and CLO William Iwaschuk reported compensation-related equity activity in Common Stock on June 30, 2026.
Rhea-AI Filing Summary
Cipher Digital Inc. Co-President and CLO William Iwaschuk reported compensation-related equity activity in Common Stock on June 30, 2026. He exercised equity awards covering a total of 140,005 shares through conversions of performance stock units and restricted stock units, with no open-market purchases or sales.
To cover tax obligations, the company withheld 77,424 shares at an indicated value of $24.50 per share. After these exercises and tax-withholding dispositions, Iwaschuk directly owns 1,554,293 shares of Common Stock. Footnotes explain that each RSU or PSU represents a contingent right to receive one share, vesting in quarterly installments subject to his continued service.
Positive
- None.
Negative
- None.
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 | 33,967 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 29,611 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 76,427 | $0.00 | $0.00 |
| Exercise | Common Stock | 33,967 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 18,784 | $24.50 | $460K |
| Exercise | Common Stock | 29,611 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 16,375 | $24.50 | $401K |
| Exercise | Common Stock | 76,427 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 42,265 | $24.50 | $1.04M |
Holdings After Transaction:
Restricted Stock Units — 970,138 contracts (Direct);
Performance Stock Units — 458,559 contracts (Direct);
Common Stock — 1,601,691 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
Shares exercised: 140,005 shares
Shares withheld for taxes: 77,424 shares
Tax withholding reference price: $24.50 per share
+3 more
6 metrics
Shares exercised
140,005 shares
Common Stock acquired via PSU and RSU exercises on June 30, 2026
Shares withheld for taxes
77,424 shares
Tax-withholding dispositions at $24.50 per share
Tax withholding reference price
$24.50 per share
Value applied to F-code tax-withholding share dispositions
Post-transaction holdings
1,554,293 shares
Common Stock directly owned after June 30, 2026 transactions
Remaining PSUs
458,559 units
Performance Stock Units remaining after a 76,427-unit conversion
Remaining RSUs
999,749 units
Restricted Stock Units remaining after June 30, 2026 vesting events
Key Terms
Restricted Stock Units, Performance Stock Units, tax-withholding disposition, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock."
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 of Issuer's Common Stock."
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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 did Cipher Digital (CIFR) executive William Iwaschuk report in this Form 4?
William Iwaschuk reported equity award activity involving Cipher Digital Common Stock. He exercised stock units into 140,005 shares and had 77,424 shares withheld to cover taxes, leaving him with 1,554,293 directly owned shares after the transactions.
How do the RSUs and PSUs work for Cipher Digital (CIFR) executive William Iwaschuk?
Each RSU or PSU represents a contingent right to receive one Cipher Digital share. RSUs vest in equal quarterly installments over three years on specified dates, while earned PSUs vest in quarterly installments, all subject to Iwaschuk’s continuous service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
