Form 4 for RIOT Riot Platforms, Inc.
Accepted 2024-07-03 00:00:00 ET · period of report 2024-07-01 · accession 0001415889-24-019277 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-07-03 | 2024-07-01 | RIOT | Yee Colin M. | EVP, CFO | M - OptEx | $0.00 | +41.1K | 203.1K | +25% | $0 |
| D | 2024-07-03 | 2024-07-01 | RIOT | Yee Colin M. | EVP, CFO | M - OptEx | $0.00 | -41.1K | 1.33M | -3% | $0 |
| DM | 2024-07-03 | 2024-07-01 | RIOT | Yee Colin M. | EVP, CFO | A - Grant | $0.00 | +753.8K | 1.58M | +91% | $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 | 2024-07-01 | M | A | 41,071 | $0.00 | 203,077 | D | — | — | (F1) Pursuant to the Issuer's 2019 Equity Incentive Plan, as amended, (the "Plan") vested restricted stock units ("RSUs") convert into shares of the Issuer's common stock, no par value per share, on a one-for-one basis. |
| 2 | Derivative | Restricted Stock Units | 2024-07-01 | M | D | 41,071 | $0.00 | 1,328,568 | D | $0.00 · — to — | 41,071 Common Stock | (F4) Represents the total number of RSUs held or beneficially owned, directly and indirectly, by the Reporting Person, following the reported transaction. (F2) On July 13, 2023, pursuant to the equity award agreement between the Issuer and Reporting Person (the "Award Agreement"), the reported service-based RSUs were eligible to vest, if at all, in three three (3) approximately equal tranches as of July 1, 2024, 2025, and 2026, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates. |
| 3 | Derivative | Restricted Stock Units | 2024-07-01 | A | A | 502,512 | $0.00 | 2,082,336 | D | $0.00 · — to — | 502,512 Common Stock | (F7) The number of RSUs reported represents the maximum achievable award under the LTIP of up to 200% of the target amount, which is 251,256 shares, during the three-year performance period from January 1, 2024 through December 31, 2026 (the "Performance Period"), granted to the Reporting Person, as authorized by the Committee under the LTIP, pursuant to the Award Agreement with the Issuer. The performance-based RSUs are eligible to vest if at all, based upon certification by the Committee of the Company's achievement, as of the end of the Performance Period, of certain performance objectives, and subject to the Reporting Persons continued service with the Issuer through July 1, 2027. Any unvested portion of the performance-based RSUs shall be automatically forfeited and returned to the Issuer, without consideration therefore. (F4) Represents the total number of RSUs held or beneficially owned, directly and indirectly, by the Reporting Person, following the reported transaction. (F8) Pursuant to the Award Agreement, the reported RSUs are eligible to vest as of the end of the Award Term, based on the Issuer's achievement of the performance objectives established for it under the LTIP by the Committee, subject to the Reporting Person's continuous service with the Issuer through vesting. |
| 4 | Derivative | Restricted Stock Units | 2024-07-01 | A | A | 251,256 | $0.00 | 1,579,824 | D | $0.00 · — to — | 251,256 Common Stock | (F5) Represents the maximum number of service-based RSUs granted to the Reporting Person by the Issuer, as of the indicated date, pursuant to the Issuer's Long-Term Incentive Program (the "LTIP") established, as of July 13, 2023, by the Issuer's Compensation and Human Resources Committee of its Board of Directors (the "Committee") established under the Plan, which are subject to vesting and restrictions, as set forth in the Award Agreement. (F4) Represents the total number of RSUs held or beneficially owned, directly and indirectly, by the Reporting Person, following the reported transaction. (F6) Pursuant to the Award Agreement, the service-based RSUs reported on this line are eligible to vest in three (3) approximately equal tranches as of July 1, 2025, 2026, and 2027, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates. |