Form 4 for RIOT Riot Platforms, Inc.
Accepted 2022-01-18 00:00:00 ET · period of report 2022-01-14 · accession 0001079973-22-000090 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-01-18 | 2022-01-18 | RIOT | Theriot Lyle Joseph | see Remarks | M - OptEx | $0.00 | +44.5K | 56.4K | +374% | $0 |
| DM | 2022-01-18 | 2022-01-18 | RIOT | Theriot Lyle Joseph | see Remarks | F - Tax | $20.68 | -13.3K | 55.6K | -19% | -$276.0K |
| DM | 2022-01-18 | 2022-01-18 | RIOT | Theriot Lyle Joseph | see Remarks | M - OptEx | $0.00 | -44.5K | 4,975 | -90% | $0 |
| D | 2022-01-18 | 2022-01-14 | RIOT | Theriot Lyle Joseph | see Remarks | A - Grant | $0.00 | +36.0K | 47.0K | +328% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-01-18 | M | A | 42,000 | $0.00 | 66,482 | D | — | — | (F1) Vested restricted stock units ("RSU") and vested performance-based restricted stock units ("PSUs") awarded to the Reporting Person under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") are convertible into shares of the Issuer's common stock, no par value per share, ("Common Stock") on a one-for-one basis, subject to any net settlement for taxes permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. |
| 2 | Common | Common Stock | 2022-01-18 | F | D | 12,600 | $20.68 | 53,882 | D | — | — | (F3) Represents shares of Common Stock withheld for taxes in connection with the settlement by the Issuer following vesting of 42,000 PSUs previously granted to the Reporting Person under the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. |
| 3 | Common | Common Stock | 2022-01-18 | F | D | 746 | $20.68 | 55,623 | D | — | — | (F4) Represents shares of Common Stock withheld for taxes in connection with the settlement by the Issuer following vesting of 2,487 RSUs previously granted to the Reporting Person under the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. |
| 4 | Common | Common Stock | 2022-01-18 | M | A | 2,487 | $0.00 | 56,369 | D | — | — | (F1) Vested restricted stock units ("RSU") and vested performance-based restricted stock units ("PSUs") awarded to the Reporting Person under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") are convertible into shares of the Issuer's common stock, no par value per share, ("Common Stock") on a one-for-one basis, subject to any net settlement for taxes permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. |
| 5 | Derivative | Restricted Stock Unit | 2022-01-18 | M | D | 2,487 | $0.00 | 2,488 | D | $0.00 · — to — | 2,487 Common Stock | (F1) Vested restricted stock units ("RSU") and vested performance-based restricted stock units ("PSUs") awarded to the Reporting Person under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") are convertible into shares of the Issuer's common stock, no par value per share, ("Common Stock") on a one-for-one basis, subject to any net settlement for taxes permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. (F7) The conversion of 2,487 vested RSUs reported in Table II relates to the settlement by the Issuer of the remaining unsettled portion of the 2,487 RSUs granted to the Reporting Person on April 6, 2021, which vested in four quarterly installments after the grant date. |
| 6 | Derivative | Restricted Stock Units | 2022-01-18 | M | D | 42,000 | $0.00 | 4,975 | D | $0.00 · — to — | 42,000 Common Stock | (F1) Vested restricted stock units ("RSU") and vested performance-based restricted stock units ("PSUs") awarded to the Reporting Person under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") are convertible into shares of the Issuer's common stock, no par value per share, ("Common Stock") on a one-for-one basis, subject to any net settlement for taxes permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. (F6) The conversion of 42,000 PSUs reported in Table II represents the settling by the Issuer of the vested portion of the PSUs granted to the Reporting Person pursuant to the Award Agreement, which vested upon the Committee's determination that performance criteria corresponding to 42,000 of the PSUs granted to the Reporting Person had been achieved. |
| 7 | Derivative | Restricted Stock Units | 2022-01-14 | A | A | 36,000 | $0.00 | 46,975 | D | $0.00 · — to — | 36,000 Common Stock | (F1) Vested restricted stock units ("RSU") and vested performance-based restricted stock units ("PSUs") awarded to the Reporting Person under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") are convertible into shares of the Issuer's common stock, no par value per share, ("Common Stock") on a one-for-one basis, subject to any net settlement for taxes permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. (F5) On August 12, 2021, the Reporting Person was granted PSUs, which are eligible to vest contingent upon the Issuer's achievement of certain performance criteria during the performance period ending on December 31, 2023. The Committee determined that, as of December 31, 2021, the performance criteria corresponding to 36,000 PSUs had been achieved. Accordingly, the 36,000 PSUs reported on this Form 4 became vested and eligible to be settled by the Issuer as restricted stock units in accordance with the Plan. |