Newsome James E 4

What Happened
James E. Newsome, a director of Cipher Digital, reported a sale of 45,161 common shares on March 4, 2026. The transaction was reported as a sale (code S) and generated approximately $710,834 based on a weighted average price of $15.74 per share. This was a sale (liquidation) rather than a purchase.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely filing).
• Price(s): weighted average $15.74; footnote reports trades executed between $15.74 and $15.76.
• Proceeds: ≈ $710,834 (45,161 shares × $15.74 WAP).
• Transaction type: listed as "open market or private sale" (S).
• Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
• Footnote: Reporting person can provide breakdown of number of shares sold at each price within the $15.74–$15.76 range upon request to the issuer, shareholders, or SEC staff.
• No indication in the excerpt of a 10b5-1 plan, gift, tax withholding, or option exercise.

Context
Sales by insiders are common and can reflect many reasons (liquidity needs, diversification, etc.); they do not alone indicate company performance. For retail investors, purchases can be more informative as a bullish signal; this filing documents a routine insider sale.