Page Tyler 4
4 · Cipher Digital Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Cipher Digital (CIFR) CEO Page Tyler Sells 225,000 Shares
What Happened
Page Tyler, CEO of Cipher Digital (CIFR), sold a total of 225,000 shares in open-market transactions: 112,500 shares on 2026-07-08 at a weighted-average price of $21.19 ($2,383,875) and 112,500 shares on 2026-07-09 at a weighted-average price of $22.68 ($2,551,500). Total proceeds from the two sales were $4,935,375. These were disposals (sales), not purchases.
Key Details
- Transaction dates and amounts:
- 2026-07-08: 112,500 shares sold, weighted-average $21.19 (total $2,383,875). (Trades within $20.75–$21.57 per footnote.)
- 2026-07-09: 112,500 shares sold, weighted-average $22.68 (total $2,551,500). (Trades within $22.60–$22.80 per footnote.)
- Total sold: 225,000 shares for ~$4.94 million.
- These sales were made pursuant to a Rule 10b5-1 trading plan adopted by Tyler on December 19, 2025 (Footnote F1).
- The filing date was 2026-07-10; the Form 4 reports the trades on 07-08 and 07-09 and was filed within the standard two-business-day window.
- Shares owned after the transactions are not specified in the provided excerpt of the filing.
- Related disclosure (Footnote F4): on May 12, 2026, Tyler transferred 400,000 shares to Impa Holdings LLC, of which he is the managing member; the LLC is held by a trust for family beneficiaries over which Tyler has investment authority.
Context
Sales made under a 10b5-1 plan are pre-arranged and generally considered routine rather than an immediate signal of insider sentiment. There was no option exercise, award, or gift reported in these transactions. For further detail on the exact number of trades and per-trade prices within the ranges reported, the filer has offered to provide that breakdown upon request as noted in the footnotes.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-07-08$21.19/sh−112,500$2,383,875→ 9,084,225 total - Sale
Common Stock
[F1][F3]2026-07-09$22.68/sh−112,500$2,551,500→ 8,971,725 total
- 400,000(indirect: See Footnote)
Common Stock
[F4]
Footnotes (4)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2025.
- [F2]The sales were executed in multiple trades at prices ranging from $20.75 to $21.57. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F3]The sales were executed in multiple trades at prices ranging from $22.60 to $22.80. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F4]On May 12, 2026, the Reporting Person transferred 400,000 shares of the Issuer's Common Stock to Impa Holdings LLC. The Reporting Person serves as the managing member of Impa Holdings LLC, and 100% of its membership interests are held by a trust for the benefit of certain members of the Reporting Person's immediate family over which the Reporting Person has investment authority.