Iwaschuk William 4

What Happened
William Iwaschuk, Co‑President and CLO of Cipher Digital (CIFR), had RSUs convert to 166,667 shares on June 14, 2026. To cover tax withholding related to that vesting, 92,167 of those shares were surrendered/treated as sold at $26.03 each on June 16, 2026, raising $2,399,107. The Form 4 shows the RSU conversion and a related derivative/cancellation entry for 166,667 shares as part of the settlement.

Key Details

• Transaction dates: RSU conversion dated 2026-06-14; tax withholding/share disposition dated 2026-06-16 (Form 4 filed 2026-06-16).
• Shares involved: 166,667 shares issued on vesting; 92,167 shares withheld/disposed to satisfy tax obligations.
• Price for withheld shares: $26.03 per share; total value reported $2,399,107.
• Footnotes: RSUs represent contingent rights to one share (F1). These RSUs vested in equal installments on June 14, 2024, 2025 and 2026, subject to continuous service (F2).
• Shares owned after the transaction: not specified in the filing.
• Timeliness: Filing covers 06-14-2026 transactions and was submitted on 06-16-2026 (appears timely).

Context
This was a routine RSU vesting and tax‑withholding transaction rather than an open‑market purchase or discretionary sale. In practice, companies often withhold or cancel a portion of vested shares to satisfy tax liabilities (a form of cashless settlement); such transactions are administrative and do not necessarily signal insider trading intent.