Cipher Digital (CIFR) CEO trades 225,000 shares, keeps nearly 9.0M direct stake

Rhea-AI Filing Summary

Cipher Digital Inc. director and Chief Executive Officer Page Tyler reported two open-market sales of Common Stock. On July 8, 2026, Tyler sold 112,500 shares at a weighted average price of $21.19, and on July 9, 2026, sold another 112,500 shares at a weighted average price of $22.68, totaling 225,000 shares. These sales were made under a Rule 10b5-1 trading plan adopted on December 19, 2025. After the transactions, Tyler holds 8,971,725 shares directly and 400,000 shares indirectly through Impa Holdings LLC, an entity owned by a family trust over which Tyler has investment authority.

Insights

Equity analyst

CEO sells 225,000 shares under a pre-set 10b5-1 plan while retaining a large stake.

Chief Executive Officer Page Tyler reported two open-market sales of Common Stock totaling 225,000 shares at weighted average prices of $21.19 and $22.68. Footnotes state these trades were executed under a Rule 10b5-1 trading plan adopted on December 19, 2025, indicating they were pre-scheduled rather than discretionary market-timing decisions.

Following the sales, Tyler continues to hold 8,971,725 shares directly. An additional 400,000 shares were transferred on May 12, 2026 to Impa Holdings LLC, whose membership interests are owned by a trust for certain immediate family members, with Tyler retaining investment authority. Together, these figures show a substantial ongoing economic interest despite the net-sell activity.

Insider Trade Summary 10b5-1

Net Seller: 225,000 shares ($4,935,375)

Net Sell 3 txns

Insider Page Tyler

Role Chief Executive Officer

Sold 225,000 shs ($4.94M)

Type	Security	Shares	Price	Value
Sale	Common Stock	112,500	$22.68	$2.55M
Sale	Common Stock	112,500	$21.19	$2.38M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,971,725 shares (Direct, null); Common Stock — 400,000 shares (Indirect, See Footnote)

Footnotes (1)

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2025. The sales were executed in multiple trades at prices ranging from $20.75 to $21.57. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. The sales were executed in multiple trades at prices ranging from $22.60 to $22.80. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. On May 12, 2026, the Reporting Person transferred 400,000 shares of the Issuer's 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 Person's immediate family over which the Reporting Person has investment authority.

Key Figures

Shares sold July 8, 2026: 112,500 shares at $21.19 Shares sold July 9, 2026: 112,500 shares at $22.68 Total shares sold: 225,000 shares +4 more

7 metrics

Shares sold July 8, 2026 112,500 shares at $21.19 Open-market sale of Common Stock on July 8, 2026 at weighted average price

Shares sold July 9, 2026 112,500 shares at $22.68 Open-market sale of Common Stock on July 9, 2026 at weighted average price

Total shares sold 225,000 shares Combined open-market sales reported in this Form 4

Direct holdings after sales 8,971,725 shares Directly owned Cipher Digital Common Stock following the reported transactions

Indirectly held shares 400,000 shares Shares transferred to Impa Holdings LLC on May 12, 2026

Price range footnote 1 $20.75 to $21.57 Range of execution prices for one set of sales; weighted average reported

Price range footnote 2 $22.60 to $22.80 Range of execution prices for another set of sales; weighted average reported

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, indirect, investment authority, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average sale price financial

"The price reported reflects the weighted average sale price"

indirect financial

"total_shares_following_transaction 400,000.0000, ownership_type indirect"

investment authority financial

"over which the Reporting Person has investment authority"

immediate family financial

"for the benefit of certain members of the Reporting Person's immediate family"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 05:59 PM Accepted by SEC EDGAR 07/10/2026 - 05:59 PM Learn about SEC filing dates

FAQ

How many Cipher Digital (CIFR) shares did CEO Page Tyler sell?

Page Tyler sold a total of 225,000 Cipher Digital Common Stock shares in two open-market transactions, each for 112,500 shares, reported for July 8, 2026 and July 9, 2026.

At what prices were the Cipher Digital (CIFR) shares sold by the CEO?

The CEO’s sales used weighted average prices of $21.19 per share on July 8, 2026 and $22.68 per share on July 9, 2026, with detailed trade-by-trade prices available upon request.

How many Cipher Digital (CIFR) shares does Page Tyler hold after these transactions?

After the reported sales, Page Tyler holds 8,971,725 Cipher Digital Common Stock shares directly. In addition, 400,000 shares are held indirectly through Impa Holdings LLC linked to a family trust.

Were the Cipher Digital (CIFR) CEO’s stock sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Page Tyler on December 19, 2025, indicating they were pre-arranged rather than opportunistic trades.

What is Impa Holdings LLC’s role in Cipher Digital (CIFR) share ownership?

On May 12, 2026, Page Tyler transferred 400,000 Cipher Digital shares to Impa Holdings LLC. All its membership interests are held by a trust for certain immediate family members, with Tyler having investment authority.

Over what price ranges were Cipher Digital (CIFR) shares sold in these transactions?

Footnotes explain that some sales were executed between $20.75 and $21.57, and others between $22.60 and $22.80, with the reported prices reflecting weighted averages across multiple trades.

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).

X

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^*

Page Tyler

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

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	07/08/2026		S		112,500(1)	D	$21.19(2)	9,084,225	D
Common Stock	07/09/2026		S		112,500(1)	D	$22.68(3)	8,971,725	D
Common Stock								400,000	I	See Footnote(4)

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

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2025.

2. The sales were executed in multiple trades at prices ranging from $20.75 to $21.57. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

3. The sales were executed in multiple trades at prices ranging from $22.60 to $22.80. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

4. On May 12, 2026, the Reporting Person transferred 400,000 shares of the Issuer's 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 Person's immediate family over which the Reporting Person has investment authority.

Remarks:

	/s/ William Iwaschuk, Attorney-in-Fact for Tyler Page	07/10/2026
	** 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)