Cipher CEO Files to Sell $2.4M of Stock as AI Rally Triggers Trading Plan
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Key Takeaways
- Tyler Page filed to sell 112,500 shares of Cipher Digital Inc. common stock with a market value of $2,383,333.74.
- The filing was submitted on July 8, 2026, following other share dispositions recorded earlier in the month.
Cipher Digital (NASDAQ: CIFR) Chief Executive Officer Tyler Page filed a notice to sell 112,500 shares of the company’s common stock, marking the latest proposed transaction under a prearranged trading plan the company disclosed earlier this year.
The Form 144, filed with the SEC on Wednesday, lists the proposed sale at an aggregate market value of about $2.38 million, implying an average value of roughly $21.19 per share. The notice is tied to a Rule 10b5-1 trading plan adopted on Dec. 19, 2025, according to the filing. Cipher previously disclosed in its annual report that Page’s plan covered potential sales of up to 1.5 million shares through Dec. 24, 2026.
A Form 144 is a notice of proposed sale, rather than confirmation that a sale has been completed, though the proposed transaction date is July 8.
The 112,500 shares covered by the latest notice represent 7.5% of the 1.5 million-share ceiling disclosed under Page’s trading plan. Page previously sold 37,500 Cipher shares on March 25 at $16.11 apiece, for about $604,125, under the same Dec. 19 trading plan.
