Cipher Digital CEO Tyler Page converts stock awards
The awards vest on quarterly schedules subject to Tyler Page's continuous service on each applicable vesting date.
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Form Type
4
Rhea-AI Filing Summary
Cipher Digital Inc. CEO and director Tyler Page reported vesting and conversion into common stock of 113,225 and 105,285 restricted stock units and 254,756 performance stock units on September 30, 2026. His direct common-stock holdings after the PSU conversion were 1,273,776 shares. Page separately transferred 400,000 shares to Impa Holdings LLC on May 12, 2026; he is its managing member and has investment authority, while a trust for certain immediate family members holds all LLC membership interests.
Insider Trade Summary
473,266 shares exercised/converted
Exercise
7 txns
Insider
Page Tyler
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F4 | 113,225 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 105,285 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2, F6 | 254,756 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 113,225 | -- | -- |
| Exercise | Common Stock F1 | 105,285 | -- | -- |
| Exercise | Common Stock F2 | 254,756 | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,081,088 contracts (Direct);
Performance Stock Units — 1,273,776 contracts (Direct);
Common Stock — 9,444,991 shares (Direct);
Common Stock — 400,000 shares (Indirect, See Footnote)
Footnotes (6)
- 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. On May 12, 2026, the Reporting Person transferred 400,000 shares of the Issuers Common Stock to Impa Holdings LLC. The Reporting Person serves as the managing member of Impa Holdings LLC, and 100% of its membership interests are held by a trust for the benefit of certain members of the Reporting Persons immediate family over which the Reporting Person has investment authority.
- 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, 2025.
- F5. 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.
- F6. 1,019,022 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 converted: 113,225 units
Restricted stock units converted: 105,285 units
Performance stock units converted: 254,756 units
+2 more
5 metrics
Restricted stock units converted
113,225 units
Reported vesting and conversion on September 30, 2026
Restricted stock units converted
105,285 units
Reported vesting and conversion on September 30, 2026
Performance stock units converted
254,756 units
Reported vesting and conversion on September 30, 2026
Direct common-stock holdings
1,273,776 shares
Reported after the PSU conversion on September 30, 2026
Shares transferred to Impa Holdings LLC
400,000 shares
Transferred May 12, 2026; reported as an indirect holding
Key Terms
Restricted Stock Units, Performance Stock Units, contingent right, continuous service
4 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.
contingent right financial
"represents a contingent right to receive one share"
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 equity awards did Tyler Page convert at Cipher Digital (CIFR)?
On September 30, 2026, the reported conversions into common stock involved 113,225 and 105,285 restricted stock units and 254,756 performance stock units.
How do Tyler Page's RSUs vest at Cipher Digital (CIFR)?
The 113,225-RSU award vests in equal quarterly installments over three years on March 31, June 30, September 30 and December 15, subject to continuous service; its first vesting date was March 31, 2025. The 105,285-RSU award follows the same schedule, with its first vesting date on March 31, 2026.
How do Tyler Page's PSUs vest at Cipher Digital (CIFR)?
The remaining earned PSUs vest in substantially equal quarterly installments, subject to Tyler Page's continuous service on each vesting date; the first such date was March 31, 2026. Separately, 1,019,022 earned PSUs vested on December 19, 2025, and the earned PSUs have no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
