Form 4: Cipher Mining Inc. Co-President and CLO, William Iwaschuk, Reports Stock Transactions

William Iwaschuk, Co-President and CLO of Cipher Mining Inc., reports the vesting and subsequent disposal of restricted stock units and common stock.

Summary

• On June 14, 2024, William Iwaschuk, Co-President and CLO of Cipher Mining Inc., reported transactions involving Cipher Mining Inc. common stock.
• 166,666 restricted stock units (RSUs) vested and were converted into common stock.
• Following the vesting, 166,666 shares of common stock were acquired.
• 91,750 shares were disposed of at a price of $4.95 per share.
• After these transactions, Iwaschuk directly owns 605,248 shares of common stock and 2,711,500 restricted stock units.
• The RSUs vest in equal installments on June 14, 2024, June 14, 2025, and June 14, 2026, contingent upon continuous service.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The remaining RSUs will vest in equal installments on June 14, 2025, and June 14, 2026, subject to continuous service.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates