Form 4: Gryphon Digital Mining CFO's Shares Withheld for Tax Obligations

Gryphon Digital Mining's Chief Financial Officer, Simeon Salzman, had 25,486 shares withheld by the company to cover tax obligations related to the vesting of restricted stock units.

Summary

• Simeon Salzman, Chief Financial Officer of Gryphon Digital Mining, Inc. (GRYP), reported a transaction on July 31, 2025.
• The transaction involved the disposition of 25,486 shares of common stock.
• These shares were withheld by the issuer to cover withholding taxes associated with the vesting and settlement of Restricted Stock Units (RSUs).
• The weighted average price for the shares withheld was $1.0126 per share.
• Following this transaction, Simeon Salzman beneficially owns 613,342 shares of Gryphon Digital Mining common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a neutral event for the company's operational or financial performance. It reflects standard equity compensation practices.

Positives

• The transaction indicates the vesting of Restricted Stock Units (RSUs) for the CFO, which is a form of equity compensation and aligns management's interests with shareholders.

Negatives

• The disposition of shares, even for tax purposes, slightly reduces the direct beneficial ownership of the CFO.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which is common across all industries when equity compensation vests. It does not provide specific insights into broader digital mining industry trends or competitive landscape.

Related Party Transactions

• The transaction involves the issuer withholding shares from an officer to cover tax obligations related to equity compensation, which is a standard related-party transaction in the context of employee compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction for an insider's equity compensation.
• Employees: Reflects standard equity compensation practices for executives.

Key Dates

Keywords

Gryphon Digital Mining, GRYP, Simeon Salzman, Form 4, SEC Filing, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU, Tax Withholding, Common Stock, Digital Mining