Mumford Gregory J.D. 4

What Happened Gregory Mumford, J.D., Chief Financial Officer of Cipher Digital, was granted 205,306 restricted stock units (RSUs) on February 25, 2026. The award is reported as a derivative acquisition at $0.00 per RSU (no cash paid at grant); RSUs represent a contingent right to receive one share of common stock upon vesting.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely).
• Grant type/code: A (Award/Grant) — 205,306 RSUs acquired at $0.00.
• Footnote: Each RSU converts to one share of common stock upon vesting.
• Vesting: Equal quarterly installments over a three-year period — vesting dates on March 31, June 30, September 30 and December 15 each year, with first vesting on March 31, 2026, subject to continuous service.
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax-withholding sale, or late-filing indication noted in the filing.

Context This is a compensation grant (RSUs) rather than an open-market purchase or sale. RSU grants are common executive compensation and only convert to shares if and when they vest and any service conditions are satisfied.