Page Tyler 4

What Happened

• Page Tyler, CEO of Cipher Digital, reported a gift (Form 4 code G) of 400,000 shares of Cipher Digital common stock on May 12, 2026. The reported transaction shows no cash proceeds (value $0) because the shares were transferred as a gift rather than sold.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (appears timely).
• Transaction type/code: Gift (G); 400,000 shares disposed; price per share reported as $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares were transferred to Impa Holdings LLC. Tyler is the managing member of Impa Holdings LLC; 100% of its membership interests are held by a trust for certain members of Tyler’s immediate family, and Tyler has investment authority over that trust.
• No indication of tax withholding, 10b5-1 plan, or option exercise in this filing.

Context

• Gifts are transfers for estate planning or family reasons and do not necessarily signal buying/selling intent in the market. Because no cash changed hands, this is not a sale that would reflect direct monetization of shares. The recipient vehicle is effectively a family trust-controlled LLC where the insider retains investment authority.