Tyler Page - Sep 13, 2023 Form 4 Insider Report for Cipher Mining Inc. (CIFR)

Role: Chief Executive Officer, Director
Signature: /s/ William Iwaschuk, Attorney-in-Fact for Tyler Page
Stock symbol: CIFR
Transactions as of: Sep 13, 2023
Transactions value $: -$166,433
Form type: 4
Date filed: 9/15/2023, 05:28 PM
Previous filing: Jun 16, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIFR	Common Stock	Options Exercise		+167K	+4.64%		3.76M	Sep 13, 2023	Direct	F1
transaction	CIFR	Common Stock	Tax liability	-$166K	-60.1K	-1.6%	$2.77	3.7M	Sep 13, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CIFR	Restricted Stock Units	Options Exercise	$0	-167K	-5.71%	$0.00	2.75M	Sep 13, 2023	Common Stock	167K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F2	The RSUs vest in equal installments on each of September 13, 2023, September 13, 2024 and September 13, 2025, subject to the Reporting Person's continuous service on the applicable vesting date.