Form 4: Cipher Mining Inc. Director Cary Grossman Sells 65,000 Shares
SEC Form 4 Filing
Director Cary Grossman sold 65,000 shares of Cipher Mining Inc. (CIFR) at an average price of $4.8529 on June 13, 2024.
Summary
- On June 13, 2024, Cary Grossman, a director of Cipher Mining Inc. (CIFR), sold 65,000 shares of common stock.
- The shares were sold at a weighted average price of $4.8529, with individual sales prices ranging from $4.85 to $4.865.
- Following the transaction, Grossman directly owns 240,829 shares of Cipher Mining Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting a director's stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
Sales by company directors are routinely monitored by investors as they can provide insight into the director's perspective on the valuation and future prospects of the company. However, sales can be for a variety of personal financial reasons and do not necessarily indicate a negative outlook.
Stakeholder Impact
- Shareholders may react to the news of a director selling shares, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of transaction: Cary Grossman sold 65,000 shares of Cipher Mining Inc. |
| 06/14/2024 | Date of report: Form 4 filing date. |
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