Cipher Digital CFO exercises RSUs, withholds shares for tax
Cipher Digital Inc. Chief Financial Officer Gregory J.D.
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Form Type
4
Rhea-AI Filing Summary
Cipher Digital Inc. Chief Financial Officer Gregory J.D. Mumford reported compensation-related stock activity. On June 30, he exercised restricted stock units to acquire 17,108 shares of common stock, while 6,895 shares were withheld at $24.50 per share to cover tax obligations. After these transactions, he directly held 20,207 common shares and 546,090 restricted stock units, which vest in equal quarterly installments over three years, subject to continued service.
Insider Trade Summary
17,108 shares exercised/converted
Exercise
3 txns
Insider
Mumford Gregory J.D.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,108 | $0.00 | $0.00 |
| Exercise | Common Stock | 17,108 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,895 | $24.50 | $169K |
Holdings After Transaction:
Restricted Stock Units — 546,090 contracts (Direct);
Common Stock — 20,207 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- 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, subject to the Reporting Person's continuous service on the applicable vesting date. The first vesting date occurred on March 31, 2026.
Key Figures
RSUs exercised: 17,108 shares
Shares withheld for taxes: 6,895 shares at $24.50
Common shares after transaction: 27,102 shares
+2 more
5 metrics
RSUs exercised
17,108 shares
Restricted Stock Units converted to common stock on June 30, 2026
Shares withheld for taxes
6,895 shares at $24.50
Tax-withholding disposition on June 30, 2026
Common shares after transaction
27,102 shares
Direct holdings following June 30, 2026 transactions
RSUs after transaction
546,090 units
Restricted Stock Units remaining after June 30, 2026
Tax withholding price
$24.50 per share
Price used for 6,895-share tax-withholding disposition
Key Terms
Restricted Stock Units, RSU, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
tax-withholding disposition financial
""transaction_action": "tax-withholding disposition""
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 exercise/conversion financial
""transaction_action": "derivative exercise/conversion""
derivative security financial
"transaction_code_description": "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CIFR CFO Gregory Mumford report?
Cipher Digital Inc. CFO Gregory J.D. Mumford exercised restricted stock units into 17,108 common shares and had 6,895 shares withheld at $24.50 each for taxes. These are compensation-related, not open-market buy or sell transactions.
What is the size of the RSU vesting for the CIFR CFO in this Form 4?
The filing shows 17,108 restricted stock units converted into common shares on June 30. Each RSU represents a contingent right to receive one share of Cipher Digital common stock upon vesting, as described in the footnotes.
How do the CIFR CFO’s RSUs vest over time?
The restricted stock units vest in equal quarterly installments over a three-year period on March 31, June 30, September 30 and December 15 each year, starting March 31, 2026, subject to the CFO’s continuous service on each vesting date.
What transaction codes appear in the Cipher Digital (CIFR) Form 4?
The Form 4 includes code M for derivative exercise or conversion of 17,108 RSUs into common stock, and code F for a tax-withholding disposition of 6,895 shares at $24.50 per share to satisfy tax obligations linked to the vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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