Cipher Digital (CIFR) CFO Gregory Mumford Receives RSUs, Shares Withheld

What Happened
Gregory Mumford, Chief Financial Officer of Cipher Digital, had 17,108 restricted stock units (RSUs) convert to common shares on March 31, 2026. To satisfy tax withholding, 7,114 of those shares were withheld/sold at $12.87 per share for a total withholding of $91,557, leaving a net delivery of 9,994 shares to Mr. Mumford. This was not a market buy or discretionary sale but the routine vesting and settlement of an equity award.

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-07). No late-filing flag is provided in the data.
• Primary actions/codes: M = exercise/conversion of derivative (17,108 RSUs converted); F = tax withholding (7,114 shares withheld at $12.87 = $91,557).
• Net shares received by the insider: 17,108 vested − 7,114 withheld = 9,994 shares delivered.
• Shares owned after transaction: Not stated in the provided filing.
• Footnotes: RSUs represent a contingent right to one share each; RSUs vest in equal quarterly installments over three years (first vesting occurred 3/31/2026).

Context
This was a vesting/settlement of RSUs with a sell-to-cover (tax withholding) event — a common, routine way companies satisfy payroll/tax obligations when equity awards vest. Such transactions reflect compensation realization, not an active buy/sell decision signaling a view of the stock.