Cipher Mining Inc. — Director's Dealing 2025

Nov 13, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cipher Mining Inc. (CIFR)
CIK: 0001819989
Period of Report: 2025-11-09

Reporting Person: Page Tyler (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-09	Common Stock	M	1419237	—	Acquired	7942408	Direct
2025-11-10	Common Stock	F	724521	$19.65	Disposed	7217887	Direct
2025-11-10	Common Stock	G	238000	—	Disposed	6979887	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-09	Performance Stock Units	$	M	1419237	Disposed		Common Stock (1419237)	Direct

Footnotes

F1: Each performance stock unit ("PSU") represents a contingent right to receive one share of Issuer's Common Stock.

F2: The transaction reported shows the Reporting Person's charitable gift of shares of the Issuer's Common Stock to three recipients.

F3: The PSUs vest, if at all, in three tranches based on the Issuer's achievement of certain market capitalization thresholds. The second tranche of the PSUs vested on November 9, 2025. The PSUs have no expiration date.