Cipher Digital Inc.: co-president Kelly Patrick Arthur sold 71,474 shares

What happened

• Kelly Patrick Arthur, co-president and coo, exercised or converted derivative awards for a total of 140,005 shares on Sep 30, 2026. The filing shows 71,474 shares were withheld to satisfy tax withholding obligations, recorded as dispositions with aggregate value of $1,131,433. This Form 4 was amended to include the shares withheld for tax withholding.

Key details

• Transaction date: Sep 30, 2026. Transaction codes: M (exercise/conversion) and F (payment of exercise price or tax liability).
• Exercise/conversion quantities reported: 33,967 shares; 29,611 shares; 76,427 shares (total 140,005 shares).
• Shares withheld (payment/tax liability) reported: 17,341 shares at $15.83 for $274,508; 15,117 shares at $15.83 for $239,302; 39,016 shares at $15.83 for $617,623 (total 71,474 shares and $1,131,433).
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes: F1 and F3 describe RSUs (each RSU = one share) with quarterly vesting; F2, F4 and F5 describe PSUs and vesting (305,707 earned PSUs vested on Dec 19, 2025; remaining earned PSUs vest in quarterly installments). Remarks state the Form 4 is amended to include shares withheld to satisfy tax withholding obligations.
• Filing date: Oct 8, 2026 (amended Form 4).

Why it may matter

• The filing reports exercises/conversions of derivative awards and a share-withholding to cover tax liabilities (a cashless-type settlement where shares are withheld rather than a separate cash payment).
• The transactions involve vested RSUs/PSUs and reported withholding; they are not reported as gifts or open-market purchases.
• A filing does not show why the insider traded or why the company acted.