Cipher Digital: William Iwaschuk converts stock awards
The RSU tranches were subject to continuous service, and the PSU transaction reported 382,132 common shares held directly afterward.
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Form Type
4
Rhea-AI Filing Summary
On September 30, 2026, Cipher Digital Inc. Co-President and CLO William Iwaschuk reported conversion of 33,967 and 29,611 restricted stock units and 76,427 performance stock units into the same respective numbers of common shares. Vesting was subject to continuous service on applicable vesting dates. The PSU transaction reported 382,132 common shares held directly afterward.
Insider Trade Summary
140,005 shares exercised/converted
Exercise
6 txns
Insider
Iwaschuk William
Role
Co-President and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 33,967 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 29,611 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2, F5 | 76,427 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 33,967 | -- | -- |
| Exercise | Common Stock F1 | 29,611 | -- | -- |
| Exercise | Common Stock F2 | 76,427 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 906,560 contracts (Direct);
Performance Stock Units — 382,132 contracts (Direct);
Common Stock — 1,741,696 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
Restricted stock units converted: 33,967 shares
Restricted stock units converted: 29,611 shares
Performance stock units converted: 76,427 shares
+1 more
4 metrics
Restricted stock units converted
33,967 shares
September 30, 2026
Restricted stock units converted
29,611 shares
September 30, 2026
Performance stock units converted
76,427 shares
September 30, 2026
Common shares held directly after PSU transaction
382,132 shares
September 30, 2026
Key Terms
Restricted Stock Units, Performance Stock Units, continuous service
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right"
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"
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.
continuous service financial
"subject to the Reporting Person's continuous service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the vesting terms for William Iwaschuk’s CIFR RSUs?
The 33,967 RSUs vest in equal quarterly installments over three years, subject to continuous service on each applicable vesting date; the first vesting date was March 31, 2025. The separate 29,611-RSU tranche has the same schedule, with its first vesting date on March 31, 2026.
What were the vesting terms for William Iwaschuk’s CIFR performance stock units?
Each performance stock unit represents a contingent right to receive one common share. The terms state that 305,707 earned PSUs vested on December 19, 2025, and the remaining earned PSUs vest in substantially equal quarterly installments, subject to continuous service on each vesting date. The first such vesting date was March 31, 2026, and the earned PSUs have no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
