Form 4: Director Cary Grossman Sells 20,000 Cipher Digital Shares

Cipher Digital Inc. director Cary M. Grossman sold 20,000 shares of common stock at a weighted average price of $21.82.

Summary

• Director Cary M. Grossman executed a sale of 20,000 shares of Cipher Digital Inc. (CIFR) common stock.
• The transaction occurred on May 6, 2026.
• The shares were sold at a weighted average price of $21.82, with individual trade prices ranging from $21.76 to $21.90.
• Following this transaction, the reporting person retains beneficial ownership of 150,530 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a routine disclosure of an insider sale that does not necessarily reflect a change in the company's operational outlook.

Positives

• The transaction represents a standard divestment by an insider rather than a distress-related liquidation.

Negatives

• Insider selling can sometimes be perceived by the market as a lack of confidence in near-term share price appreciation.

Risks

• Market volatility affecting the share price of Cipher Digital Inc.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider selling is a common occurrence in the technology and digital infrastructure sectors, often related to personal financial planning or tax obligations rather than fundamental shifts in company strategy.

Comparison to Industry Standards

• Insider transactions are standard regulatory disclosures and do not deviate from typical corporate governance practices in the U.S. public markets.

Stakeholder Impact

• Shareholders should note the change in insider ownership levels, though the remaining stake of 150,530 shares indicates continued alignment with the company.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Cipher Digital, CIFR, Insider Trading, Form 4, Cary Grossman, Stock Sale