| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RIOT | Restricted Stock Units | Award | $0 | +30K | +301.54% | $0.00 | 39.9K | Aug 12, 2021 | Common Stock | 30K | $0.00 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents performance-based restricted stock units ("PSUs") which covert, on a one-for-one basis, into shares of the Issuer's Common Stock, no par value per share, subject to any net settlement for taxes permitted under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended (the "Plan"). The PSUs were issued to the Reporting Person under the Plan pursuant to the Performance Restricted Stock Unit Award Agreement, dated as of August 12, 2021, between the Issuer and the Reporting Person (the "Award Agreement"), as approved by the Compensation and Human Resources Committee of the Issuer. |
| F2 | On August 12, 2021, the Committee determined the performance goals for 30,000 of the PSUs had been achieved. Accordingly, the 30,000 PSUs indicated on this Form 4 became fully vested and eligible to be settled by the Issuer in accordance with its customary practices and procedures, subject to any net settlement for taxes permitted under the Plan and the Award Agreement. |
| F3 | Represents the total direct and indirect beneficial ownership of the security held by the Reporting Person immediately following the issuance reported by this Form 4. |
The Reporting Person is the Chief Executive Officer of Whinstone US, Inc., a wholly owned subsidiary of Riot Blockchain, Inc.