Kelly Patrick Arthur 4
4 · Cipher Digital Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Cipher Digital (CIFR) Co‑President Kelly Arthur Sells 35,568 Shares
What Happened
Kelly Patrick Arthur, Co‑President and Chief Operating Officer of Cipher Digital (CIFR), sold 35,568 shares on 2026‑03‑16 in an open‑market/private sale for a weighted average price of $14.98, generating approximately $532,809. The transaction is a sale (routine liquidity) and was implemented under a pre‑established trading arrangement.
Key Details
- Transaction date: 2026‑03‑16 (reported on Form 4 filed 2026‑03‑19).
- Price details: weighted average price $14.98; individual trade prices ranged $14.68–$15.30 (sales executed in multiple trades).
- Total proceeds: ~$532,809.
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnotes: F1 — sales were effected pursuant to a Rule 10b5‑1 trading plan adopted May 12, 2025. F2 — multiple trades at prices from $14.68 to $15.30; the filer will provide breakdown on request.
- Timeliness: Form 4 was filed on 2026‑03‑19; for a 2026‑03‑16 trade the standard two‑business‑day filing deadline would have been 2026‑03‑18, so this filing appears one business day late.
Context
Sales made under a Rule 10b5‑1 trading plan are pre‑scheduled and generally indicate the transactions were planned in advance rather than reflecting immediate insider sentiment. For retail investors, purchases typically carry more weight as a bullish signal; planned or routine sales are common for liquidity or diversification needs.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-16$14.98/sh−35,568$532,809→ 1,441,508 total
Footnotes (2)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 12, 2025.
- [F2]The sales were executed in multiple trades at prices ranging from $14.68 to $15.30. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.