Form 4: Former Director Forfeits Gryphon Digital Mining Shares

Daniel George Tolhurst, a former director of Gryphon Digital Mining, Inc., forfeited 82,040 Restricted Stock Units upon his resignation effective June 12, 2025.

Summary

• Daniel George Tolhurst, a former director of Gryphon Digital Mining, Inc. (GRYP), reported changes in his beneficial ownership.
• He forfeited 82,040 shares of Common Stock issuable upon settlement of Restricted Stock Units (RSUs).
• This forfeiture occurred as a result of his resignation as a director of the Issuer, effective June 12, 2025.
• Following this transaction, Mr. Tolhurst beneficially owns 182,040 shares of Common Stock issuable upon settlement of RSUs and 613,505 shares of Common Stock directly.

Sentiment

Score: 4

Explanation: The filing reports a director's resignation and the subsequent forfeiture of RSUs, which is a factual disclosure of a change in beneficial ownership and management. While a director's departure can be seen as a minor negative, the filing itself is purely informational without explicit positive or negative financial performance data.

Negatives

• Forfeiture of 82,040 Restricted Stock Units by a former director.
• Resignation of a director, which can sometimes signal internal issues or a loss of expertise.

Future Outlook

NA

Management Comments

• The reporting person resigned as a director of the Issuer effective June 12, 2025.
• As a result, the reporting person is no longer subject to Section 16 in connection with his transactions in the equity securities of the Issuer and therefore will no longer report any such transactions on Form 4 or Form 5.

Industry Context

NA

Management Changes

Stakeholder Impact

• Shareholders: Minor change in beneficial ownership structure and a director departure.

Key Dates

Recommendation

This Form 4 filing primarily reports a change in beneficial ownership due to a former director's resignation and the forfeiture of Restricted Stock Units. It does not contain information that would fundamentally alter the investment thesis for Gryphon Digital Mining, Inc. The event is a standard regulatory disclosure and does not provide new insights into the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should continue to hold based on their existing analysis of the company's fundamentals and market position.

Keywords

Gryphon Digital Mining, GRYP, Form 4, insider transaction, beneficial ownership, director resignation, Restricted Stock Units, RSU forfeiture