CEO Tyler Page sells 225,000 shares over 2 days for $4.9M under pre-arranged 10b5-1 plan at blended $21.94.
Tyler Page, CEO of Cipher Digital Inc., executed 2 separate sales totaling 225,000 shares for $4,935,375.00 ($4.9M) at blended average price $21.94, reducing holdings from 9,196,725 shares to 8,971,725 shares. The sales were conducted on 2026-07-08 and 2026-07-09 under a pre-arranged 10b5-1 trading plan adopted on 2025-12-19, meaning execution was scheduled rather than discretionary. The company is materially unprofitable with Net income of $-114,316,000.00 ($-114.3M) in the most recent fiscal year, though revenue grew 48.0% year-over-year. Current stock price of $22.11 sits 26.6% below the 52-week high of $30.14, while the 30-day and 90-day returns of +5.2% and +33.8% show recent upward momentum. Because the sale was pre-scheduled under 10b5-1 rules rather than discretionary, no timing-based characterization applies to this transaction.