Cipher Digital Inc: Co-President and COO Kelly Patrick Arthur exercised 140,005 shares

What happened Kelly Patrick Arthur, Co-President and chief operating officer, exercised or converted derivative awards (transaction code M) for 33,967, 29,611 and 76,427 shares on Sep 30, 2026, a total of 140,005 shares. The filing shows the acquired entries with price listed as N/A and corresponding disposals reported at $0.00, total $0 (derivative).

Key details

• Transaction date and prices: Sep 30, 2026; three derivative exercises/conversions for 33,967, 29,611 and 76,427 shares; acquired price N/A; disposals reported at $0.00 for $0.
• Shares owned after the transaction: not stated in this filing.
• Relevant footnotes from the filing:
  • F1: RSU = contingent right to receive one share of common stock.
  • F2: PSU = contingent right to receive one share of common stock.
  • F3: RSUs vest in equal quarterly installments over 3 years on Mar 31, Jun 30, Sep 30 and Dec 15; first vesting Mar 31, 2025.
  • F4: RSUs vest in equal quarterly installments over 3 years on Mar 31, Jun 30, Sep 30 and Dec 15; first vesting Mar 31, 2026.
  • F5: 305,707 earned PSUs vested on Dec 19, 2025; remaining earned PSUs vest in equal quarterly installments starting Mar 31, 2026; earned PSUs have no expiration date.
• Filing date: Oct 2, 2026. The filing does not indicate a late filing.

Why it may matter

• The filing reports exercise or conversion of derivative awards (M) with matching disposals recorded at $0.00; the filing itself does not specify whether shares were sold in the market, used to satisfy tax withholding, or settled in another manner.
  A filing does not show why the insider traded or why the company acted.