Cipher Digital (CIFR) COO gains 140K shares from RSU and PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cipher Digital Inc. Co-President and COO Kelly Patrick Arthur increased his direct stake through equity award vesting. On March 31, 2026, he acquired a total of 140,006 shares of Common Stock via exercises of Restricted Stock Units and Performance Stock Units, which each convert into one share. On the same date, 59,958 shares were withheld at $12.87 per share to cover tax obligations. Following these routine compensation-related transactions, he directly owns 1,460,327 shares of Common Stock.
The RSUs and earned PSUs vest in substantially equal quarterly installments over three years, subject to his continuous service, with earlier tranches beginning to vest on March 31, 2025 and December 19, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
140,006 shares exercised/converted
Mixed
9 txns
Insider
Kelly Patrick Arthur
Role
Co-President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33,968 | $0.00 | -- |
| Exercise | Restricted Stock Units | 29,611 | $0.00 | -- |
| Exercise | Performance Stock Units | 76,427 | $0.00 | -- |
| Exercise | Common Stock | 33,968 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,386 | $12.87 | $159K |
| Exercise | Common Stock | 29,611 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,674 | $12.87 | $137K |
| Exercise | Common Stock | 76,427 | $0.00 | -- |
| Tax Withholding | Common Stock | 36,898 | $12.87 | $475K |
Holdings After Transaction:
Restricted Stock Units — 1,229,994 shares (Direct);
Performance Stock Units — 534,986 shares (Direct);
Common Stock — 1,453,776 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer's Common Stock. 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, 2025. 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. 305,707 earned PSUs vested on December 19, 2025, and the remaining earned PSUs vest in substantially equal quarterly installments, subject to the Reporting Person's continuous service on each vesting date. The first such vesting date occurred on March 31, 2026. These earned PSUs have no expiration date.
Key Figures
Shares acquired via equity awards: 140,006 shares
Shares withheld for taxes: 59,958 shares
Post-transaction holdings: 1,460,327 shares
+3 more
6 metrics
Shares acquired via equity awards
140,006 shares
Common Stock from RSU and PSU exercises on March 31, 2026
Shares withheld for taxes
59,958 shares
F-code tax-withholding dispositions at $12.87 per share on March 31, 2026
Post-transaction holdings
1,460,327 shares
Common Stock directly owned by Kelly Patrick Arthur after March 31, 2026 transactions
Earned PSUs vested
305,707 units
Earned Performance Stock Units that vested on December 19, 2025
RSU vesting schedule (set 1)
3 years, quarterly
RSUs vest in equal quarterly installments starting March 31, 2025, subject to continuous service
RSU vesting schedule (set 2)
3 years, quarterly
Additional RSUs vest quarterly over three years starting March 31, 2026, subject to continuous service
Key Terms
Restricted Stock Units, Performance Stock Units, tax-withholding disposition, continuous service, +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.
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer's Common Stock."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
continuous service financial
"subject to the Reporting Person's continuous service on the applicable vesting date."
vesting date financial
"The first vesting date occurred on March 31, 2025."
FAQ
What did Cipher Digital (CIFR) disclose about Kelly Patrick Arthur’s recent equity awards?
Cipher Digital reported that Co-President and COO Kelly Patrick Arthur acquired 140,006 Common Stock shares on March 31, 2026 through vesting of Restricted and Performance Stock Units. These awards are part of his equity compensation and convert into one share of Common Stock each.
How do the Restricted Stock Units for Cipher Digital’s COO vest over time?
The RSUs vest in equal quarterly installments over three years, on March 31, June 30, September 30 and December 15 of each year. Vesting is conditioned on Kelly Patrick Arthur’s continuous service, with the first RSU vesting date beginning on March 31, 2025 or March 31, 2026, depending on the grant.
What are Performance Stock Units (PSUs) in Cipher Digital’s Form 4 filing?
Performance Stock Units are equity awards where each unit represents a contingent right to receive one share of Cipher Digital Common Stock. The filing notes that 305,707 earned PSUs vested on December 19, 2025, with remaining earned PSUs vesting in substantially equal quarterly installments, subject to continued service.