Page Tyler 4

What Happened

• Tyler Page, CEO of Cipher Digital (CIFR), had restricted stock units (RSUs) convert into common shares on June 14, 2026. Two conversion entries total 666,668 shares (333,334 + 333,334). On June 16, 2026, 170,168 shares were delivered/withheld to cover tax liability at $26.03 per share, totaling $4,429,473. This was a vesting/settlement event, not an open‑market purchase or investment.

Key Details

• Transaction dates: June 14, 2026 (RSU conversion/vesting), June 16, 2026 (tax withholding/payment).
• Shares converted: 666,668 RSUs converted to shares (two entries of 333,334).
• Shares withheld to cover taxes: 170,168 shares at $26.03 each = $4,429,473.
• Codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding).
• Footnotes: F1 clarifies each RSU equals one common share. F3 shows these RSUs vested in equal installments (June 14, 2024; 2025; 2026) subject to continued service—this was the final installment. F2 discloses a May 12, 2026 transfer of 400,000 shares to Impa Holdings LLC, which Page manages; the LLC is controlled by a family trust for which Page has investment authority.
• Shares owned after the transactions are not specified in the excerpt of the filing.
• Filing timing: Report covers period of 2026-06-14 and was filed 2026-06-16 (timely in this filing).

Context

• This was a vesting/settlement of RSUs rather than a market purchase or sale for investment purposes. The withholding of 170,168 shares to cover taxes is a common cashless settlement method and does not necessarily indicate a change in the insider’s market view. The RSU vesting schedule (three equal installments ending 2026) and the prior transfer to an affiliated LLC are relevant to overall holdings and control but do not by themselves signal trading intent.