Iwaschuk William 4

What Happened
William Iwaschuk, Co‑President and Chief Legal Officer of Cipher Digital (CIFR), was granted 355,338 restricted stock units (RSUs) on February 25, 2026. The Form 4 reports the RSUs at $0.00 per unit (derivative award); RSUs represent a contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-27).
• Transaction type/code: Award/Grant (A).
• Amount: 355,338 RSUs reported at $0.00 per unit.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU converts to one share when vested. F2 — RSUs vest in equal quarterly installments over a three‑year period (vesting dates: Mar 31, Jun 30, Sep 30 and Dec 15 each year), with the first vesting on Mar 31, 2026, subject to continuous service.
• Filing timeliness: Form filed two days after the transaction date, which appears to meet the Form 4 reporting window (due within two business days).

Context
This was an equity award (grant of RSUs), not an open‑market purchase or sale. RSUs are a form of compensation that convert to shares only if and when they vest; they do not represent immediate share ownership or a cash investment by the insider. The award is contingent on continued service through each vesting date; no tax‑withholding or share‑sell details are included in the excerpt.