Iwaschuk William 4

4 · Cipher Digital Inc. · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

Cipher Digital (CIFR) Co‑President William Iwaschuk Exercises Awards

What Happened

William Iwaschuk, Co‑President and CLO of Cipher Digital (CIFR), converted/was issued a total of 140,005 shares on 2026‑06‑30 by exercising/converting derivative awards (RSUs/PSUs).
To satisfy tax withholding obligations, 77,424 of those shares were withheld/paid (reported as dispositions under code F) at $24.50 per share, generating $1,896,889 in cash. The remaining net shares issued to him were 62,581 (140,005 acquired − 77,424 withheld).
The filings show conversion/exercise entries (code M) and the corresponding tax‑withholding share disposals (code F); the $0.00 entries for some derivative disposals reflect the conversion/extinguishment of the award instruments, not open‑market sales.

Key Details

Transaction date: 2026‑06‑30; Form 4 filed 2026‑07‑02 (no late filing indicated in the provided data).
Withholding price: $24.50 per share; total cash withheld for taxes: $1,896,889. Estimated gross value of the 140,005 shares at $24.50 ≈ $3,430,122.50; net shares retained ≈ 62,581 (≈ $1,533,234.50 at $24.50).
Shares owned after transaction: Not stated in the provided filing.
Footnotes: RSUs and PSUs convert to common stock when vested (F1–F2). RSUs and earned PSUs vest on quarterly schedules (see F3–F5); 305,707 earned PSUs vested on 12/19/2025 and remaining earned PSUs vest quarterly beginning 3/31/2026.
Transaction codes: M = exercise/conversion of derivative security; F = payment of exercise price or tax liability (share withholding). These were routine vesting/conversion and withholding actions, not open‑market purchases or sales.

Context

This was not an open‑market sale or purchase; it appears to be routine conversion of vested equity awards with shares withheld to cover taxes (a common practice after vesting). Such transactions typically reflect compensation vesting rather than an intentional buy/sell decision by the insider.
For investors tracking insider activity, purchases are often more informative about sentiment than routine vesting + withholding; here the net effect increased Iwaschuk’s holdings by the 62,581 shares retained.

Form 4

Period: 2026-06-30

Co-President and CLO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-30+33,967→ 1,573,077 total
Tax Payment
Common Stock
2026-06-30$24.50/sh−18,784$460,208→ 1,554,293 total
Exercise/Conversion
Common Stock
[F1]
2026-06-30+29,611→ 1,583,904 total
Tax Payment
Common Stock
2026-06-30$24.50/sh−16,375$401,188→ 1,567,529 total
Exercise/Conversion
Common Stock
[F2]
2026-06-30+76,427→ 1,643,956 total
Tax Payment
Common Stock
2026-06-30$24.50/sh−42,265$1,035,493→ 1,601,691 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-06-30−33,967→ 999,749 total
→ Common Stock (33,967 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-06-30−29,611→ 970,138 total
→ Common Stock (29,611 underlying)
Exercise/Conversion
Performance Stock Units
[F2][F5]
2026-06-30−76,427→ 458,559 total
→ Common Stock (76,427 underlying)

Footnotes (5)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
[F2]Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer's Common Stock.
[F3]The RSUs vest in equal quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, subject to the Reporting Person's continuous service on the applicable vesting date. The first vesting date occurred on March 31, 2025.
[F4]The RSUs vest in equal quarterly installments over a three-year period, on March 31, June 30, September 30 and December 15 of each year, subject to the Reporting Person's continuous service on the applicable vesting date. The first vesting date occurred on March 31, 2026.
[F5]305,707 earned PSUs vested on December 19, 2025, and the remaining earned PSUs vest in substantially equal quarterly installments, subject to the Reporting Person's continuous service on each vesting date. The first such vesting date occurred on March 31, 2026. These earned PSUs have no expiration date.

Signature

/s/ William Iwaschuk|2026-07-02

1 file