Soo il Benjamin Yi - Aug 12, 2021 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
Executive Chairman, Director
Signature
/s/ Benjamin Soo Il Yi
Stock symbol
RIOT
Transactions as of
Aug 12, 2021
Transactions value $
$0
Form type
4
Date filed
8/16/2021, 05:01 PM
Previous filing
May 26, 2021
Next filing
Dec 7, 2021

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 Award $0 +41.7K +16.49% $0.00 294K Aug 12, 2021 Common Stock 41.7K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 41,667 of the PSUs had been achieved. Accordingly, the 41,667 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.