Patrick Kelly special retention RSU grant

Subject kind: personnel
Statement date: 2022-09-20
Promised by: 2023-09-13
Promised amount: 1100000.0 units
Current status: verified

What the later record shows

Delivered on time · happened September 13, 2023

The March 2024 proxy lists only the September 13, 2024 and 2025 Special Retention RSU tranches as outstanding, which implies the first tranche vested on schedule. This is inferred, not stated.

“Represents all of the Special Retention RSUs that vest on each of September 13, 2024 and September 13, 2025.”
2024-03-18 · Cipher Mining DEF 14A filed 2024-03-19 View cached copy (2026-08-31)Live source ↗

Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

Patrick Kelly received a grant of 1,100,000 Special Retention RSUs vesting in equal installments on September 13, 2023, September 13, 2024, and September 13, 2025

Source (primary)

Cipher Mining 424B3 filed 2022-09-21 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “Edward Farrell, Patrick Kelly and William Iwaschuk each received a grant of 1,100,000 Special Retention RSUs”

How we checked this

Checked on October 11, 2026. The cited source supports every part of this claim.

The 8-K states Patrick Kelly received 1,100,000 Special Retention RSUs vesting in equal installments on the three listed dates, subject to continued service.

Confirmed in the source:

Patrick Kelly received a grant of 1,100,000 Special Retention RSUs
The Special Retention RSUs vest in equal installments on September 13, 2023, September 13, 2024 and September 13, 2025

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312522248068/d406154d424b3.htm) in full (22,000 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Cipher Mining 424B3 filed 2022-09-21

Quote: “Edward Farrell, Patrick Kelly and William Iwaschuk each received a grant of 1,100,000 Special Retention RSUs”

View cached copy (2026-09-13)Live source ↗

confirms Cipher Mining DEF 14A filed 2024-03-19

Quote: “Represents all of the Special Retention RSUs that vest on each of September 13, 2024 and September 13, 2025.”

View cached copy (2026-08-31)Live source ↗

Record of changes

September 14, 2026 — stated

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

September 15, 2026 — delayed

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

October 9, 2026 — outcome unconfirmed

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

October 10, 2026 — verified

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.