Company: CIFRW
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001819989-25-000027
Chunk: 37

Company: Cipher Mining Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 37
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 in the column titled “Bonuses.”

#### Equity Compensation
We maintain the Cipher Mining Inc. 2021 Incentive Award Plan (the “Incentive Award Plan”) in order to facilitate the grant of cash and equity incentives to directors, employees (including our named executive officers) and consultants of our company and to enable us to obtain and retain services of these individuals, which is essential to our long- term success.

March 2024 RSU Grants

Pursuant to the Incentive Award Plan, effective March 9, 2024, we granted RSUs (the “March 2024 RSUs”) to each of our named executive officers in the following amounts: Mr. Page: 4,702,194 RSUs; Mr. Farrell: 1,097,179 RSUs; and each of Messrs. Kelly and Iwaschuk: 1,410,658 RSUs. The March 2024 RSUs were granted in recognition of fiscal 2023 performance and were intended to serve as a strong incentive to retain our dedicated management team, and further align the compensation of our management team with the interests of our stockholders.

The March 2024 RSUs vest in equal installments on each of December 18, 2024, January 1, 2026 and January 1, 2027, subject to the named executive officer’s continuous service through the applicable vesting date; provided, that if the named executive officer’s employment is terminated by the Company without “cause,” by the named executive officer for “good reason” (as such terms are defined in the respective named executive officer’s employment agreement with the Company) or due to his death or permanent disability, all unvested March 2024 RSUs will vest in full. In addition, in the event of a

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“change in control” (as defined in the Incentive Award Plan), subject to the executive officer’s continuous service to the Company through such change in control, the March 2024 RSUs will remain outstanding and unvested, provided that the March 2024 RSUs will vest immediately prior to the change in control if they are not assumed, substituted or continued in connection with the change in control and will vest upon the executive officer’s termination of service following the change in control for any reason other than for “cause” or due to voluntary resignation without “good reason.”

February 2025 RSU and PSU Grants

In