Duda Thomas David 4

What Happened
Duda Thomas David (listed as a director) was granted/acquired 3,862 shares of Cipher Digital, Inc. on February 25, 2026. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant). The filing does not state a cash value for the award.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely under the 2-business-day requirement).
• Transaction type/code: Award/Grant (A) — acquisition of shares rather than an open-market purchase.
• Shares acquired: 3,862 shares; reported price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes/plan details: The filing does not provide vesting, 10b5-1, or tax-withholding notes; likely a compensatory award but the filing gives no additional terms.

Context
Awards to directors are commonly part of compensation or board-retainer plans and may vest over time; they are not the same as an open-market purchase and don’t by themselves signal the director actively buying stock in the market. Because the reported price is $0.00 and no vesting or value details are given, retail investors should view this as a routine compensatory grant unless further disclosures (e.g., vesting schedule or fair value) are filed.