Form 4: Cipher Mining Co-President and COO, Patrick Arthur Kelly, Reports Stock Transactions

Patrick Arthur Kelly, Co-President and COO of Cipher Mining Inc., reports the acquisition and disposal of common stock and restricted stock units on September 13, 2024.

Summary

• On September 13, 2024, Patrick Arthur Kelly, Co-President and COO of Cipher Mining Inc., reported transactions involving the company's stock.
• Kelly acquired 366,667 shares of common stock through the vesting of restricted stock units (RSUs).
• He also disposed of 198,184 shares of common stock to cover tax obligations at a price of $3.09 per share.
• Following these transactions, Kelly directly owns 807,173 shares of Cipher Mining Inc.
• Kelly also directly owns 2,344,833 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It allows investors to monitor the actions of key personnel and their potential impact on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The disposal of shares to cover tax obligations could slightly increase the stock's trading volume.

Key Dates