Jeffrey Mcgonegal - Jun 1, 2021 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: Chief Financial Officer
Signature: /s/ Jeffrey McGonegal
Stock symbol: RIOT
Transactions as of: Jun 1, 2021
Transactions value $: -$40,695
Form type: 4
Date filed: 6/3/2021, 04:25 PM
Next filing: Aug 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise		+5K	+1.69%		301K	Jun 1, 2021	Direct	F1
transaction	RIOT	Common Stock	Tax liability	-$40.7K	-1.5K	-0.5%	$27.13	299K	Jun 1, 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RIOT	Restricted Stock Units	Options Exercise	$0	+5K	+22.73%	$0.00	27K	Jun 1, 2021	Common Stock	5K	$0.00	Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vested restricted stock units ("RSUs") granted under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") covert into shares of the Issuer's Common Stock on a one-for-one basis upon settlement by the Issuer in accordance with the procedures of the Plan.
F2	Represents the total direct and indirect beneficial ownership of the security held by the Reporting Person immediately following the transaction reported by this Form 4
F3	Represents net settlement for taxes in connection with the settlement of 5,000 vested RSUs, as permitted under the Plan.
F4	Pursuant to the First Amendment to the Amended and Restated Executive Employment Agreement between the Issuer and the Reporting Person, dated February 8, 2021 (the "2021 McGonegal Employment Agreement"), the Reporting Person was granted 20,000 RSUs under the Plan as equity compensation, which are eligible to vest in four (4) equal quarterly installments pursuant to and during the term of the 2021 McGonegal Employment Agreement.