Form 4: Cipher Digital Co-President Gifts Shares

Cipher Digital's Co-President and COO, Patrick Arthur Kelly, gifted 21,700 shares of common stock to a donor-advised fund.

Summary

• Patrick Arthur Kelly, Co-President and COO of Cipher Digital Inc. (CIFR), reported a transaction involving the company's common stock.
• On March 23, 2026, Mr. Kelly made a charitable gift of 21,700 shares of common stock.
• The shares were gifted to a donor-advised fund, with a transaction price of $0 per share.
• Following this transaction, Mr. Kelly beneficially owns 1,419,808 shares of Cipher Digital Inc. common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While it's a reduction in insider holdings, it's for a charitable purpose and the executive retains a substantial stake, which is generally seen favorably.

Positives

• The transaction represents a charitable act by a key executive, which can positively reflect on the company's corporate social responsibility.
• Patrick Arthur Kelly retains a significant beneficial ownership of 1,419,808 shares, indicating continued alignment with shareholder interests despite the gift.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Management Comments

• Patrick Arthur Kelly, Co-President and COO, executed a charitable gift of 21,700 shares of Cipher Digital Inc. common stock to a donor-advised fund.

Industry Context

StockSavvy.ai notes that insider gifts of company stock are a common practice for executives engaging in philanthropic activities or estate planning. Such transactions typically do not reflect a change in the company's operational performance or strategic outlook, but rather personal financial management by the insider.

Stakeholder Impact

• Shareholders: The transaction is unlikely to have a material impact on the company's stock price or valuation, given the nature and size of the gift relative to the total outstanding shares. It may be viewed as a minor positive for corporate image.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Cipher Digital, CIFR, Insider Transaction, Form 4, Stock Gift, Executive Ownership, Patrick Arthur Kelly