Form 4 for RIOT Riot Platforms, Inc.
Accepted 2022-02-22 00:00:00 ET · period of report 2022-02-17 · accession 0001079973-22-000183 · 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 | 2022-02-22 | 2022-02-17 | RIOT | YI SOO IL BENJAMIN | Executive COB, Dir | M - OptEx | $0.00 | +348.9K | 116.5K | New | $0 |
| DM | 2022-02-22 | 2022-02-17 | RIOT | YI SOO IL BENJAMIN | Executive COB, Dir | D - Sale to Iss | $19.73 | -174.4K | 66.5K | -72% | -$3.44M |
| DM | 2022-02-22 | 2022-02-17 | RIOT | YI SOO IL BENJAMIN | Executive COB, Dir | M - OptEx | $0.00 | -348.9K | 252.6K | -58% | $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 | 2022-02-17 | M | A | 248,892 | $0.00 | 315,392 | D | — | — | (F1) Vested Restricted Stock Units ("RSUs") awarded to the Reporting Person as compensation 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 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 | 2022-02-17 | M | A | 100,000 | $0.00 | 116,500 | D | — | — | (F1) Vested Restricted Stock Units ("RSUs") awarded to the Reporting Person as compensation 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 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. |
| 3 | Common | Common Stock | 2022-02-17 | D | D | 124,446 | $19.73 | 190,946 | D | — | — | (F3) Represents net settlement in connection with the conversion of vested RSUs into shares of the Issuer's Common Stock based on the price per share of the Issuer's Common Stock as of the conversion, as permitted under the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee"). (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 | 2022-02-17 | D | D | 50,000 | $19.73 | 66,500 | D | — | — | (F1) Vested Restricted Stock Units ("RSUs") awarded to the Reporting Person as compensation 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 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 Units | 2022-02-17 | M | D | 248,892 | $0.00 | 3,750 | D | $0.00 · — to — | 248,892 Common Stock | (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. (F3) Represents net settlement in connection with the conversion of vested RSUs into shares of the Issuer's Common Stock based on the price per share of the Issuer's Common Stock as of the conversion, as permitted under the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee"). (F1) Vested Restricted Stock Units ("RSUs") awarded to the Reporting Person as compensation 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 permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F5) Represents the settlement by the Issuer of the following vested time-based RSU awards granted to the Reporting Person under the Plan: (i) 227,642 RSUs granted on February 27, 2020, as compensation for the Reporting Person's service as a member of the Issuer's Board of Directors for Fiscal Years 2019 and 2020, which vested and became eligible for settlement as of February 15, 2022; (ii) 10,000 RSUs granted on February 9, 2021, as compensation for the Reporting Person's service as a member of the Issuer's Board of Directors for Fiscal Year 2021, which vested in equal quarterly intervals following the grant date; and (iii) 11,250 RSUs, representing the vested portion of the 15,000 RSUs granted on May 24, 2021 pursuant to the Reporting Person's Executive Employment Agreement with the Issuer, which vest in equal quarterly intervals following the grant date. |
| 6 | Derivative | Restricted Stock Units | 2022-02-17 | M | D | 100,000 | $0.00 | 252,642 | D | $0.00 · — to — | 100,000 Common Stock | (F2) Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction. (F3) Represents net settlement in connection with the conversion of vested RSUs into shares of the Issuer's Common Stock based on the price per share of the Issuer's Common Stock as of the conversion, as permitted under the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee"). (F1) Vested Restricted Stock Units ("RSUs") awarded to the Reporting Person as compensation 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 permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan. (F4) Represents the settlement by the Issuer of 100,000 vested performance-based RSUs, which vested upon the Committee's certification of the Issuer's achievement of certain of the performance objectives detailed in the August 12, 2021 performance-based equity award agreement between the Reporting Person and the Issuer. |