Page Tyler 4

What Happened

• Page Tyler, CEO of Cipher Digital Inc. (CIFR), sold 37,500 shares on March 25, 2026 at $16.11 per share, generating proceeds of $604,125. The transaction is reported as an S (sale) and was effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-03-25
• Price per share: $16.11
• Shares sold: 37,500
• Total proceeds: $604,125
• Method: Report lists "Open market or private sale (S)"
• Footnote: Sale executed under a Rule 10b5-1 plan adopted by the reporting person on December 19, 2025 (F1)
• Filing: Form 4 filed 2026-03-27 (timely — within the usual two-business-day window)
• Shares owned after transaction: Not specified in the provided excerpt; see the full Form 4 for post-transaction holdings

Context

• This was a sale (not a purchase). Sales can be routine liquidity events; the presence of a pre-established 10b5-1 trading plan indicates the trade was pre-scheduled and not necessarily a contemporaneous change of view by the insider.