In a recent amendment to his previous filing, Mumford Gregory J.D., Chief Financial Officer of Cipher Digital Inc., has updated his ownership report to include shares withheld for tax obligations. This move highlights the company's commitment to transparency in its financial reporting and ownership changes.
Background
Cipher Digital Inc. operates in the finance services sector, specifically focusing on crypto assets. The company, which was previously known as Cipher Mining Inc. and Good Works Acquisition Corp., is based in New York City. Cipher Digital Inc. trades under the symbol CIFR and is listed under the SEC file number 001-39625.
What the Filing Says
The amended filing, dated October 8, 2026, specifies that the changes were made to account for shares withheld for tax withholding obligations. This adjustment is part of the standard reporting process for executives and is intended to ensure compliance with SEC regulations.
Impact
This filing may affect stakeholders within Cipher Digital Inc., including current and potential investors who are monitoring executive compensation and ownership structures. The transparency exhibited through this amendment can enhance investor confidence in the company's governance practices.
What's Next
The filing does not say what happens next.
Transaction Details
The amended filing reveals specific transactions involving common stock and restricted stock units (RSUs). On September 30, 2026, Mumford Gregory J.D. reported a transaction involving 17,109 shares of common stock that were withheld to satisfy tax obligations. Following this transaction, he retained a total of 37,316 shares of common stock.
Additionally, the filing indicates that on the same date, he acquired 6,895 shares of common stock at a price of $15.83 per share. This acquisition brought his total ownership of common stock to 30,421 shares.
Furthermore, the filing highlights a derivative transaction involving 17,109 RSUs, which also occurred on September 30, 2026. These RSUs are contingent rights to receive shares of the company's common stock, and following this transaction, Mumford Gregory J.D. holds 528,981 shares of common stock.
Vesting Schedule
The RSUs reported in the filing vest in equal quarterly installments over a three-year period, with the first vesting date having occurred on March 31, 2026. This vesting schedule is contingent upon the continuous service of Mumford Gregory J.D. with the company on the applicable vesting dates.
Conclusion
This filing not only updates ownership information but also provides a clearer picture of the executive's financial interests in Cipher Digital Inc. The detailed transaction data reinforces the importance of transparency in executive compensation and ownership disclosures.