GROSSMAN CARY M 4

What Happened
Cary M. Grossman, a director of Cipher Digital, reported the sale of 15,000 shares in an open-market transaction on June 18, 2026. The weighted-average sale price was $29.43 per share, producing proceeds of approximately $441,450. This was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-06-18 (reported on Form 4 filed 2026-06-23).
• Price: weighted average $29.43; individual trade prices ranged $29.37–$29.59 (see footnote).
• Shares sold: 15,000; estimated proceeds: $441,450.
• Transaction type: Sale (code S), described as open market or private sale.
• Shares owned after transaction: Not provided in the excerpt of this filing.
• Footnote: Sales executed in multiple trades; reporting person can provide a breakdown of number of shares sold at each price within the stated range upon request.
• Filing timing: The Form 4 was filed June 23 for a June 18 trade — filed after the typical 2-business-day reporting window for Form 4s.

Context: Insider sales can be routine (for diversification, tax, or liquidity needs) and do not by themselves indicate company outlook. Purchases generally carry more signal for bullishness than routine sales. This summary is factual and does not speculate on the insider’s motivations.