The individual sale is tiny and not actionable on its own, but the aggregate insider selling pattern — three other insiders selling $55M in the prior 30 days — warrants attention. Watch for any subsequent Form 4 filings confirming actual sales, and monitor the next earnings release or 10-Q for any softening fundamentals that could explain the insider behavior. The historical model underperformance on this ticker (avg T+20 alpha -1.91%) suggests the bearish read from the selling cluster alone may not be a strong tradable signal.
Price Chart
Executive Summary
Director James Newsome filed a Form 144 to sell 3,342 shares of Cipher Digital Inc. worth approximately $70,000, as of a planned sale date of June 16, 2026. The shares were acquired through executive compensation in 2024 and 2025. While the dollar value is small, this adds to recent insider selling pressure — three other insiders sold $55.2M over the past 30 days — and the historical track record of directional calls on this ticker has been poor, with negative average alpha at T+20. The sale itself is routine based on its proportional size but notable in the context of elevated insider outflow.
Key Facts
- Director James Newsome filed a Form 144 indicating intent to sell 3,342 shares of common stock.
- The estimated aggregate value of the proposed sale is approximately $70,029.84 based on a price of $20.96 per share as of May 11, 2026.
- The shares were originally acquired via executive compensation on May 2, 2024 (744 shares) and June 4, 2025 (3,014 shares).
- The proposed sale date is June 16, 2026.
- In the prior 30 days, three other insiders sold a combined $55.2M worth of stock.
- Historical model calls on CIFR have a negative average alpha vs SPY at T+20 (-1.91%) and a T+20 win rate of 44%.
- Score calibration data shows score-5 and score-6 directional calls on this ticker have historically delivered negative net alpha on average.
Financial Impact
Proposed sale of $70K, which is negligible relative to the company's $10.6B market cap (<0.001%). Combined with $55.2M in other insider sales over the past 30 days, total insider outflow is ~0.5% of market cap.
Risk Factors
- Form 144 is an intent to sell; the actual sale may not occur if market conditions change or the insider decides otherwise.
- The dollar value is immaterial relative to market cap, limiting downside impact.
- Historical model calls on CIFR have significantly underperformed at T+20, suggesting elevated noise in this name.
- No context on whether Newsome's sale is part of a planned 10b5-1 trading plan (not indicated in the filing).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001950047-26-006233 |
| Document: 0001950047-26-006233-index.html | 0001950047-26-006233 |
| Document: 0001950047-26-006233.txt | 0001950047-26-006233 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | 8-K | $20.38 $14.61 | ▲ +28.31% | ▲ +27.07% | $15.54 (+23.75%) |
Jun 18, 2026 15w ago | 144 | $29.18 $17.72 | ▼ −39.27% | ▼ −39.81% | $15.54 (−46.74%) |
Jun 16, 2026 15w ago | 144 | $26.35 $17.72 | ▲ +32.75% | ▲ +34.07% | $15.54 (+41.02%) |
Jun 8, 2026 16w ago | 8-K | $24.29 $21.73 | ▼ −10.54% | ▼ −12.17% | $15.54 (−36.02%) |
May 14, 2026 20w ago | Insider Cluster | $20.33 $26.03 | ▼ −28.04% | ▼ −25.92% | $15.54 (+23.56%) |
May 6, 2026 21w ago | Insider Cluster | $21.91 $26.24 | ▼ −19.76% | ▼ −16.98% | $15.54 (+29.07%) |
May 6, 2026 21w ago | Insider Cluster | $21.91 $26.24 | ▼ −19.76% | ▼ −16.98% | $15.54 (+29.07%) |
May 6, 2026 21w ago | Insider Cluster | $21.91 $26.24 | ▲ +19.76% | ▲ +16.98% | $15.54 (−29.07%) |
May 5, 2026 21w ago | 8-K | $22.10 $26.29 | ▼ −18.96% | ▼ −14.01% | $15.54 (+29.68%) |
May 5, 2026 21w ago | Press Release | $22.10 $26.29 | ▲ +18.96% | ▲ +14.01% | $15.54 (−29.68%) |
US Market Status
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