[144] Cipher Mining Inc. Warrant SEC Filing
Cipher Mining Inc. (symbol CIFRW) reported a proposed sale of 44,871 common shares through Fidelity Brokerage Services on 08/15/2025 with an aggregate market value of $233,304.50. The shares were acquired on 09/13/2023 by restricted stock vesting from the issuer as compensation. The filing shows 393,282,654 shares outstanding, and the seller reported no other sales in the past three months. Several standard identifying fields in the form (such as filer CIK and issuer address) are not populated in the provided text.
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Insights
TL;DR: Routine insider sale of vested shares; transaction size is small relative to outstanding shares.
The filing discloses a planned sale of 44,871 common shares valued at $233,304.50. Against 393.3 million shares outstanding, this disposal represents a de minimis proportion of the equity base (<0.02%). The shares were issued as compensation via restricted stock vesting in 2023, indicating the seller is likely an insider or employee monetizing vested compensation. There are no reported sales in the prior three months, and no other compensatory arrangements or trading plan details are provided in the text. Overall, this is a routine liquidity event with limited immediate market impact based on the disclosed quantities.
TL;DR: Disclosure meets basic Rule 144 elements but lacks several identifying details in the provided excerpt.
The submission documents the nature of acquisition (restricted stock vesting) and affirms the seller's certification regarding material non-public information, aligning with Rule 144 norms. However, key administrative fields (filer CIK, issuer contact details) appear blank in the supplied content, which may reflect a truncated export rather than a filing omission. The absence of reported reliance on a 10b5-1 plan and no prior three-month sales are notable but do not by themselves indicate governance concerns. This is a routine compliance disclosure for an insider sale of vested compensation.