Cipher Digital Inc.: CEO Page Tyler exercised 473,266 shares

What happened

• Page Tyler, chief executive officer, exercised or converted derivatives for a total of 473,266 shares on Sep 30, 2026. The filing shows 241,603 shares were withheld to satisfy tax withholding obligations at $15.83 per share for a total of $3,824,576.
• The filing also reports derivative disposals of 113,225, 105,285 and 254,756 shares at $0.00 (three separate derivative disposal lines).

Key details

• Transaction date: Sep 30, 2026. Filing date (amended): Oct 8, 2026. Remark states this Form 4 is amended to include shares withheld for tax obligations.
• Prices shown: tax withholding shares at $15.83 per share; certain derivative disposals reported at $0.00.
• Shares exercised/converted: 113,225; 105,285; 254,756 (total 473,266). Shares withheld for tax: 57,802; 53,748; 130,053 (total 241,603). Total tax withholding value: $3,824,576.
• Shares owned after the transaction: not stated in the filing provided.
• Relevant footnotes: F1 (RSUs = contingent right to one share), F2 (PSUs = contingent right to one share), F3 (transfer of 400,000 shares to Impa Holdings LLC; Page Tyler is managing member and has investment authority), F4–F6 (vesting schedules and vested PSUs details).
• Transaction codes in the filing: M = exercise or conversion of derivative; F = payment of exercise price or tax withholding.

Why it may matter

• The filing shows an exercise/conversion of derivatives with shares withheld to cover tax obligations, which is a net-share settlement (shares withheld rather than a cash tax payment).
• The filing is amended to report the withholding. This filing does not show why the insider traded or why the company acted.