Cipher Digital (CIFR) CEO sells 37,500 shares under 10b5-1 plan

Rhea-AI Filing Summary

Cipher Digital Inc. director and Chief Executive Officer Page Tyler reported an open-market sale of 37,500 shares of common stock at $16.11 per share. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 19, 2025. Following this sale, Tyler continues to hold 8,263,862 shares directly, indicating that only a small portion of his overall stake was sold.

Insider Trade Summary 10b5-1

Net Seller: 37,500 shares ($604,125)

Net Sell 1 txn

Insider Page Tyler

Role Chief Executive Officer

Sold 37,500 shs ($604K)

Type	Security	Shares	Price	Value
Sale	Common Stock	37,500	$16.11	$604K

Holdings After Transaction: Common Stock — 8,263,862 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Page Tyler

(Last) (First) (Middle)

C/O CIPHER DIGITAL INC.

1 VANDERBILT AVENUE, FLOOR 54

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cipher Digital Inc. [ CIFR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/25/2026		S		37,500(1)	D	$16.11	8,263,862	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2025.

Remarks:

	/s/ William Iwaschuk, Attorney-in-Fact for Tyler Page	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Cipher Digital (CIFR) report for Page Tyler?

Cipher Digital reported that CEO and director Page Tyler sold 37,500 shares of common stock. The shares were sold in an open-market transaction at $16.11 per share, as disclosed in a Form 4 insider trading report.

At what price did Cipher Digital (CIFR) CEO Page Tyler sell shares?

Page Tyler sold Cipher Digital common stock at $16.11 per share. The transaction involved 37,500 shares in an open-market sale and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025.

How many Cipher Digital (CIFR) shares does Page Tyler hold after the sale?

After the reported sale, Page Tyler directly holds 8,263,862 Cipher Digital common shares. This indicates the 37,500 shares sold represent a relatively small part of his overall position in the company’s stock.

Was the Cipher Digital (CIFR) insider sale made under a Rule 10b5-1 plan?

Yes. The filing notes that Page Tyler’s sale was effected under a Rule 10b5-1 trading plan. This plan was adopted on December 19, 2025, indicating the transaction’s timing was pre-scheduled rather than decided spontaneously.

What type of transaction did Cipher Digital (CIFR) disclose for Page Tyler?

Cipher Digital disclosed an open-market sale of common stock by CEO Page Tyler. The Form 4 identifies a non-derivative transaction coded “S,” meaning a sale, covering 37,500 shares at $16.11 per share in a routine market trade.