Form 4: Cipher Mining CFO Edward Farrell Reports Stock Transactions
SEC Form 4 Filing
Edward Farrell, CFO of Cipher Mining Inc., reports the vesting and subsequent disposal of common stock to cover tax obligations.
Summary
- On September 13, 2024, Edward Farrell, the Chief Financial Officer of Cipher Mining Inc., had 366,667 restricted stock units (RSUs) vest.
- These RSUs converted into common stock.
- Following the vesting, Farrell disposed of 187,184 shares of common stock at a price of $3.09 per share to satisfy tax obligations.
- After these transactions, Farrell directly owns 879,356 shares of Cipher Mining Inc. common stock and 2,031,354 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a change in the company's outlook or performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Initial vesting date for RSUs. |
| 09/13/2024 | Vesting of 366,667 restricted stock units and disposal of 187,184 shares for tax obligations. |
| 09/13/2025 | Final vesting date for RSUs. |
| 09/17/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.