Cipher Digital Inc.: co-president and CLO William Iwaschuk exercised 140,005 shares

What happened

• William Iwaschuk, co-president and CLO, exercised or converted derivatives for a total of 140,005 shares on Sep 30, 2026 (33,967; 29,611; 76,427).
• The filing shows tax withholding (code F) where 18,784 shares were withheld for $297,351, 16,375 shares were withheld for $259,216, and 42,265 shares were withheld for $669,055, for total proceeds of $1,225,622. The derivative conversions are reported at $0.00 in the filing.

Key details

• Transaction date: Sep 30, 2026. Tax-withheld shares disposed at $15.83 per share; derivative conversions reported at $0.00.
• Shares exercised/converted: 33,967; 29,611; 76,427 (total 140,005).
• Shares withheld for taxes (disposed): 18,784; 16,375; 42,265 (total proceeds $1,225,622).
• Shares owned after the transaction: not stated in the provided Form 4 information.
• Footnotes: RSUs and PSUs are referenced (contingent rights to receive common stock); RSUs vest quarterly over three years; some PSUs vested on Dec 19, 2025 with remaining earned PSUs vesting quarterly. The Form 4 is amended to include shares withheld to satisfy tax withholding obligations.
• Filing: amended Form 4 filed Oct 8, 2026.

Why it may matter

• The report shows exercise/conversion of derivatives and shares withheld to satisfy tax obligations, consistent with a cashless withholding method rather than a separate open-market sale.
• A filing does not show why the insider traded or why the company acted.