KELLY PATRICK ARTHUR (Chief Operating 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

KELLY PATRICK ARTHUR

Filed: 4/2/2026ACC: 0001887616-26-000014

InsiderKELLY PATRICK ARTHURCIK 1887616

→

IssuerCIPHER DIGITAL INC.CIK 1819989

Officer· Chief Operating Officer

Since Aug 2021

-59.96K

Net shares

Net seller

$771.7K

Total sold

Open market trades

0B · 0S

Total transactions

140.01K acquired · 199.96K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+33.97K

Price / share

—

Trade value

—

% of position

2.4%

3/31/2026

1.42M→1.45M

Common Stock

Direct

F · Tax Withholding

−12.39K

Price / share

$12.87

Trade value

$159.41K

% of position

0.9%

3/31/2026

1.45M→1.44M

Common Stock

Direct

M · Option Exercise

+29.61K

Price / share

—

Trade value

—

% of position

2.1%

3/31/2026

1.44M→1.47M

Common Stock

Direct

F · Tax Withholding

−10.67K

Price / share

$12.87

Trade value

$137.37K

% of position

0.7%

3/31/2026

1.47M→1.46M

Common Stock

Direct

M · Option Exercise

+76.43K

Price / share

—

Trade value

—

% of position

5.2%

3/31/2026

1.46M→1.54M

Common Stock

Direct

F · Tax Withholding

−36.90K

Price / share

$12.87

Trade value

$474.88K

% of position

2.4%

3/31/2026

1.54M→1.50M

Total

Net shares

+80.05K

Net value

-$771.66K

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%	1.42M	1.45M
Common Stock Direct	3/31/2026	F · Tax Withholding	−12.39K	$12.87	$159.41K	0.9%	1.45M	1.44M
Common Stock Direct	3/31/2026	M · Option Exercise	+29.61K	—	—	2.1%	1.44M	1.47M
Common Stock Direct	3/31/2026	F · Tax Withholding	−10.67K	$12.87	$137.37K	0.7%	1.47M	1.46M
Common Stock Direct	3/31/2026	M · Option Exercise	+76.43K	—	—	5.2%	1.46M	1.54M
Common Stock Direct	3/31/2026	F · Tax Withholding	−36.90K	$12.87	$474.88K	2.4%	1.54M	1.50M
Total			+80.05K		-$771.66K

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