Cipher Digital CEO granted 1,263,424 RSUs

Page Tyler reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Page Tyler reported acquisition or exercise transactions in this Form 4 filing.

Cipher Digital Inc. reported that Chief Executive Officer Page Tyler received a grant of 1,263,424 restricted stock units (RSUs), each representing a contingent right to one share of common stock. The RSUs vest in equal quarterly installments over three years on March 31, June 30, September 30 and December 15, starting on March 31, 2026, subject to Tyler’s continued service. Following this award, Tyler beneficially holds 4,069,952 RSUs in total.

Insider Trade Summary

Grant/Award: 1,263,424 shares

Grant/Award 1 txn

Insider Page Tyler

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,263,424	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 4,069,952 contracts (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 quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, with the first vesting date occurring on March 31, 2026, 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 insider transaction did Cipher Digital (CIFR) report for CEO Page Tyler?

Cipher Digital reported a grant of 1,263,424 restricted stock units to CEO Page Tyler. Each RSU represents a contingent right to receive one share of common stock, aligning his compensation with future company performance over a multi-year period.

How do the new RSUs granted to Cipher Digital (CIFR) CEO vest over time?

The 1,263,424 RSUs vest in equal quarterly installments over three years. Vesting occurs on March 31, June 30, September 30 and December 15 each year, beginning March 31, 2026, provided Page Tyler remains in continuous service on each vesting date.

How many Cipher Digital (CIFR) RSUs does CEO Page Tyler hold after this grant?

After the reported grant, Page Tyler beneficially holds 4,069,952 restricted stock units. This total reflects his RSU-based equity compensation and represents potential future shares, subject to the company’s vesting conditions and his continued service with Cipher Digital.

Is the Cipher Digital (CIFR) CEO RSU grant an open-market share purchase?

No, the transaction is a grant of restricted stock units, not an open-market purchase. The RSUs were awarded at a reported price of $0.00 per unit and convert into common shares only as they vest under the company’s equity compensation terms.

When does the first portion of the Cipher Digital (CIFR) CEO RSU grant vest?

The first portion of the CEO’s 1,263,424 RSU grant vests on March 31, 2026. Subsequent installments vest on June 30, September 30 and December 15 each year, in equal quarterly amounts, as long as he continues providing service to the company.

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

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Accepted by SEC EDGAR 02/27/2026 - 05:24 PM EST 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^*

Page Tyler

(Last) (First) (Middle)

C/O CIPHER DIGITAL INC.

1 VANDERBILT AVENUE, FLOOR 54

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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

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)	02/25/2026		A		1,263,424		(2)	(2)	Common Stock	1,263,424	$0	4,069,952	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 quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, with the first vesting date occurring on March 31, 2026, subject to the Reporting Person's continuous service on the applicable vesting date.

Remarks:

	/s/ William Iwaschuk, Attorney-in-Fact for Tyler Page	02/27/2026
	** 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.