GROSSMAN CARY M 4

What Happened Cary M. Grossman, a director of Cipher Digital, sold 20,000 shares in an open-market transaction on May 6, 2026. The weighted average sale price reported was $21.82 per share, for a total transaction value of approximately $436,400. This was a sale (insider disposition), which is often routine and does not necessarily indicate a change in the director’s view of the company.

Key Details

• Transaction date: May 6, 2026; Filing date: May 8, 2026 (filed promptly).
• Price: weighted average $21.82 per share; trades executed in a range of $21.76 to $21.90 (see footnote).
• Shares sold: 20,000; Total proceeds: ~$436,400.
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnote: Sales were executed in multiple trades at prices between $21.76 and $21.90; the reported price is a weighted average and the reporting person will provide a breakdown on request.
• Transaction code: S (Sale).

Context For retail investors, purchases by insiders can be a stronger signal than sales; insider sales are often for diversification, liquidity, or other personal reasons and are not, by themselves, proof of negative outlook. This filing appears timely (reported within the normal Form 4 reporting window). If you want the per-trade breakdown or the insider’s remaining holdings, the filer has offered to provide those details upon request to the company or the SEC staff.