Form 4: Cipher Mining Inc. Co-President and COO Sells Shares Under 10b5-1 Trading Plan

Patrick Arthur Kelly, Co-President and COO of Cipher Mining Inc., sold 89,742 shares of common stock at an average price of $4.373 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 15, 2024, Patrick Arthur Kelly, the Co-President and COO of Cipher Mining Inc. (CIFR), sold 89,742 shares of the company's common stock.
• The sales were executed at a weighted average price of $4.373 per share, with individual prices ranging from $4.24 to $4.60.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 17, 2024.
• Following the transaction, Kelly directly owns 717,431 shares of Cipher Mining Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was conducted under a pre-arranged trading plan and doesn't necessarily indicate a negative outlook on the company.

Industry Context

Insider sales are a common occurrence in publicly traded companies. It is important to note that the sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which allows corporate insiders to sell shares over a predetermined period of time to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment in the short term.

Key Dates