IWASCHUK WILLIAM (Chief Legal Officer) exercised options at CIPHER DIGITAL INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

IWASCHUK WILLIAM

Filed: 4/2/2026ACC: 0001887627-26-000004

InsiderIWASCHUK WILLIAMCIK 1887627

→

IssuerCIPHER DIGITAL INC.CIK 1819989

Officer· Chief Legal Officer

Since Aug 2021

-65.91K

Net shares

Net seller

$848.2K

Total sold

Open market trades

0B · 0S

Total transactions

140.01K acquired · 205.91K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+33.97K

Price / share

—

Trade value

—

% of position

2.4%

3/31/2026

1.39M→1.42M

Common Stock

Direct

F · Tax Withholding

−13.82K

Price / share

$12.87

Trade value

$177.93K

% of position

1.0%

3/31/2026

1.42M→1.41M

Common Stock

Direct

M · Option Exercise

+29.61K

Price / share

—

Trade value

—

% of position

2.1%

3/31/2026

1.41M→1.44M

Common Stock

Direct

F · Tax Withholding

−11.93K

Price / share

$12.87

Trade value

$153.59K

% of position

0.8%

3/31/2026

1.44M→1.43M

Common Stock

Direct

M · Option Exercise

+76.43K

Price / share

—

Trade value

—

% of position

5.4%

3/31/2026

1.43M→1.50M

Common Stock

Direct

F · Tax Withholding

−40.15K

Price / share

$12.87

Trade value

$516.68K

% of position

2.7%

3/31/2026

1.50M→1.46M

Total

Net shares

+74.10K

Net value

-$848.20K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/31/2026	M · Option Exercise	+33.97K	—	—	2.4%	1.39M	1.42M
Common Stock Direct	3/31/2026	F · Tax Withholding	−13.82K	$12.87	$177.93K	1.0%	1.42M	1.41M
Common Stock Direct	3/31/2026	M · Option Exercise	+29.61K	—	—	2.1%	1.41M	1.44M
Common Stock Direct	3/31/2026	F · Tax Withholding	−11.93K	$12.87	$153.59K	0.8%	1.44M	1.43M
Common Stock Direct	3/31/2026	M · Option Exercise	+76.43K	—	—	5.4%	1.43M	1.50M
Common Stock Direct	3/31/2026	F · Tax Withholding	−40.15K	$12.87	$516.68K	2.7%	1.50M	1.46M
Total			+74.10K		-$848.20K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

33.97K shares

−33.97K

Strike price

Held after

1.23M

Exercisable

—

3/31/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

29.61K shares

−29.61K

Strike price

Held after

1.20M

Exercisable

—

3/31/2026

Performance Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

76.43K shares

−76.43K

Strike price

Held after

534.99K

Exercisable

—

3/31/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock33.97K shares	3/31/2026	M · Option Exercise	−33.97K	—	1.23M
Restricted Stock Units Direct	Common Stock29.61K shares	3/31/2026	M · Option Exercise	−29.61K	—	1.20M
Performance Stock Units Direct	Common Stock76.43K shares	3/31/2026	M · Option Exercise	−76.43K	—	534.99K