Kelly Patrick Arthur 4

What Happened

• Kelly Patrick Arthur, Co‑President and Chief Operating Officer of Cipher Digital Inc. (CIFR), made a charitable disposition on 2026-03-23: a gift of 21,700 shares of the company’s common stock. The Form 4 lists the transaction price as $0.00, indicating no cash was received for the shares. A footnote states the shares were donated to a donor‑advised fund.

Key Details

• Transaction date: 2026-03-23
• Transaction type/code: Gift (G)
• Shares disposed: 21,700
• Reported price/consideration: $0.00 (charitable gift)
• Footnote: F1 — the shares were gifted to a donor‑advised fund
• Filing date: 2026-03-25 (filed two days after the transaction; appears to be within the standard two‑business‑day window)
• Shares owned after transaction: Not specified in the provided filing excerpt

Context

• Gifts are a disposition but do not necessarily reflect the insider’s view of the company’s outlook; donations often reflect personal or tax planning and philanthropic goals rather than trading intent.
• No cash proceeds were reported because the transfer was charitable; this is different from an open‑market sale.
• For retail investors, charitable gifts by insiders are typically less informative about future company performance than purchases by insiders.