Form 4: Cipher Mining Inc. Co-President and COO, Patrick Arthur Kelly, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Patrick Arthur Kelly, Co-President and COO of Cipher Mining Inc., reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On March 31, 2025, Patrick Arthur Kelly, Co-President and COO of Cipher Mining Inc., reported changes in beneficial ownership.
- These changes involve the vesting of 33,968 restricted stock units (RSUs), each representing a contingent right to receive one share of Cipher Mining's common stock.
- The RSUs vest in equal quarterly installments over a three-year period, with the first vesting date on March 31, 2025.
- Following the vesting, 12,246 shares were disposed of at a price of $2.3 to cover tax obligations.
- After these transactions, Kelly directly owns 1,030,792 shares of Cipher Mining Inc. common stock and 2,014,081 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the ownership changes of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: vesting of restricted stock units and disposition of shares. |
| 03/31/2025 | First vesting date of the restricted stock units. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
| 06/30/2025 | Next vesting date of the restricted stock units. |
| 09/30/2025 | Next vesting date of the restricted stock units. |
| 12/15/2025 | Next vesting date of the restricted stock units. |
Keywords
Cipher Mining Inc., Patrick Arthur Kelly, beneficial ownership, restricted stock units, RSUs, Form 4, insider trading, vesting, common stock
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