Hubert Marleau - Dec 6, 2021 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: Director
Signature: /s/ Hubert Marleau
Stock symbol: RIOT
Transactions as of: Dec 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/7/2021, 08:13 PM
Next filing: Dec 15, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+10K		$0.00	10K	Dec 6, 2021	Direct	F1, F2

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	-10K	-80%	$0.00	2.5K	Dec 6, 2021	Common Stock	10K	$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	Vested restricted stock units ("RSUs") granted under the Riot Blockchain, Inc. 2019 Equity Incentive Plan (the "Plan") covert into shares of the Issuer's Common Stock on a one-for-one basis, subject to any net settlement permitted by the Plan and approved by the Issuer's Compensation and Human Resources Committee 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.
F3	The conversion of 10,000 vested RSUs reported in Table II relates to the settlement by the Issuer of the vested portion of the 12,500 RSUs granted under the Plan to the Reporting Person on February 9, 2021. These 12,500 RSUs included 2,500 RSUs vested as of the grant date, with the remaining 10,000 RSUs eligible to vest in four quarterly installments after the grant date.