Cipher Digital (CIFR) awards 355,338 RSUs to Co-President Iwaschuk

Rhea-AI Filing Summary

Iwaschuk William reported acquisition or exercise transactions in this Form 4 filing.

Cipher Digital Inc. reported that Co-President and CLO William Iwaschuk was granted 355,338 restricted stock units (RSUs) on February 25, 2026. Each RSU represents a contingent right to receive one share of Cipher Digital common stock. The RSUs vest in equal quarterly installments over three years on March 31, June 30, September 30 and December 15 of each year, beginning on March 31, 2026, subject to his continuous service on each vesting date. Following this award, he directly holds 1,263,962 derivative securities linked to Cipher Digital shares.

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

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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^*

Iwaschuk William

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President and CLO

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		355,338		(2)	(2)	Common Stock	355,338	$0	1,263,962	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	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.

FAQ

What insider transaction did Cipher Digital (CIFR) report for William Iwaschuk?

Cipher Digital reported that Co-President and CLO William Iwaschuk received a grant of restricted stock units. On February 25, 2026, he was awarded 355,338 RSUs, each representing a contingent right to receive one share of Cipher Digital common stock, subject to vesting conditions.

How many restricted stock units were granted in the latest CIFR Form 4?

The Form 4 shows a grant of 355,338 restricted stock units to William Iwaschuk. Each RSU converts into one share of Cipher Digital common stock upon vesting, so the award represents potential future delivery of 355,338 shares if all vesting conditions are satisfied.

What is the vesting schedule for William Iwaschuk’s Cipher Digital RSUs?

The RSUs vest in equal quarterly installments over a three-year period. Vesting dates are March 31, June 30, September 30 and December 15 of each year, starting March 31, 2026, and require William Iwaschuk’s continuous service on each applicable vesting date.

What does each Cipher Digital RSU granted to William Iwaschuk represent?

Each restricted stock unit represents a contingent right to receive one share of Cipher Digital’s common stock. The units do not deliver shares immediately; shares are issued as the RSUs vest over time under the three-year quarterly vesting schedule described in the filing footnotes.

How many Cipher Digital-related securities does William Iwaschuk hold after this RSU grant?

After the RSU grant, William Iwaschuk directly holds 1,263,962 derivative securities linked to Cipher Digital stock. This total includes the newly awarded 355,338 restricted stock units and reflects his aggregate directly owned derivative position following the reported transaction.

What is William Iwaschuk’s role at Cipher Digital mentioned in the Form 4?

William Iwaschuk is identified as an officer of Cipher Digital, serving as Co-President and Chief Legal Officer. The RSU award reported in the Form 4 reflects part of his equity-based compensation as a senior executive of the company.