Cipher Digital (CIFR) CEO logs RSU exercise, tax withholding and 8.27M-share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cipher Digital Inc. director and CEO Page Tyler reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 14, 2026, Tyler exercised derivative securities labeled as restricted stock units to acquire 333,334 shares of Common Stock at an exercise price of $0.00 per share, consistent with a vesting schedule in three equal annual installments ending on June 14, 2026.
On June 16, 2026, 170,168 shares of Common Stock were disposed of at $26.03 per share as a tax-withholding disposition to satisfy exercise price or tax liabilities, rather than an open-market sale. Following these transactions, Tyler directly held 8,270,346 shares of Common Stock. A prior footnote also notes a transfer of 400,000 shares on May 12, 2026 to Impa Holdings LLC, whose membership interests are held by a family trust over which Tyler has investment authority, reflecting additional indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
333,334 shares exercised/converted
Mixed
4 txns
Insider
Page Tyler
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 170,168 | $26.03 | $4.43M |
| Exercise | Restricted Stock Units | 333,334 | $0.00 | -- |
| Exercise | Common Stock | 333,334 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,270,346 shares (Direct, null);
Restricted Stock Units — 3,518,108 shares (Direct, null);
Common Stock — 400,000 shares (Indirect, See Footnote)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. 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. The RSUs vest in equal installments on each of June 14, 2024, June 14, 2025 and June 14, 2026, subject to the Reporting Person's continuous service on the applicable vesting date.
Key Figures
RSU shares exercised: 333,334 shares
Tax-withholding shares: 170,168 shares
Tax-withholding price: $26.03 per share
+3 more
6 metrics
RSU shares exercised
333,334 shares
Common Stock received from RSU exercise on June 14, 2026
Tax-withholding shares
170,168 shares
Shares delivered to cover exercise price or tax liability at $26.03 on June 16, 2026
Tax-withholding price
$26.03 per share
Price used for 170,168-share tax-withholding disposition
Direct shares after transactions
8,270,346 shares
Common Stock directly held by Page Tyler following reported transactions
Indirectly held shares
400,000 shares
Transferred May 12, 2026 to Impa Holdings LLC, owned by a family trust
RSU exercise price
$0.00 per unit
Exercise or conversion price for 333,334 restricted stock units
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, investment authority, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock."
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 170,168 shares at $26.03 per share."
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 security financial
"transaction_code_description: "Exercise or conversion of derivative security" for the RSU exercise."
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.
investment authority financial
"the Reporting Person has investment authority over a trust for the benefit of certain members of the Reporting Person's immediate family."
immediate family financial
"a trust for the benefit of certain members of the Reporting Person's immediate family over which the Reporting Person has investment authority."
FAQ
What did Cipher Digital (CIFR) CEO Page Tyler report in this Form 4?
Page Tyler reported exercising restricted stock units and a related tax-withholding share disposition. He acquired 333,334 Cipher Digital common shares via RSU conversion and had 170,168 shares withheld at $26.03 each to cover exercise price or tax liabilities, while retaining a large remaining ownership.
Were Page Tyler’s Cipher Digital (CIFR) transactions open-market sales?
The filing describes a tax-withholding disposition, not an open-market sale. On June 16, 2026, 170,168 Cipher Digital shares were delivered at $26.03 per share to satisfy exercise price or tax liabilities related to equity compensation, while he continued to hold a substantial direct position.
What is Page Tyler’s direct ownership in Cipher Digital (CIFR) after these transactions?
After the reported transactions, Page Tyler directly held 8,270,346 Cipher Digital common shares. This reflects his remaining direct stake following the RSU exercise and the 170,168-share tax-withholding disposition used to cover obligations on his equity compensation.
How do the reported RSUs for Cipher Digital (CIFR) vest for Page Tyler?
The restricted stock units vest in three equal installments on June 14, 2024, June 14, 2025 and June 14, 2026. Vesting is conditioned on Page Tyler’s continuous service with Cipher Digital on each applicable vesting date, aligning equity awards with ongoing employment.