Hannah Cho - 16 Mar 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: Director
Signature: /s/ Hannah Cho
Issuer symbol: RIOT
Transactions as of: 16 Mar 2022
Net transactions value: -$17,700
Form type: 4
Filing time: 18 Mar 2022, 17:07:36 UTC
Previous filing: 12 Jan 2022
Next filing: 29 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+2,500	+50%	$0.000000	7,500	16 Mar 2022	Direct	F1, F2
transaction	RIOT	Common Stock	Tax liability	$17,700	-1,250	-17%	$14.16	6,250	16 Mar 2022	Direct	F2, 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	Award	$0	-2,500	-17%	$0.000000	12,500	16 Mar 2022	Common Stock	2,500	$0.000000	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 (the "Plan") covert into shares of the Issuer's common stock, no par value per share, (the "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 (the "Committee") upon settlement by the Issuer in accordance with the procedures of the Plan.
F2	Represents the total direct and indirect beneficial ownership of the indicated security held by the Reporting Person immediately following the reported transaction.
F3	Represents net settlement in connection with the conversion of 2,500 vested RSUs on a one-for-one basis into shares of the Issuer's Common Stock, as permitted by the Plan and approved by the Committee.
F4	The conversion of 2,500 vested RSUs reported in Table II relates to the settlement by the Issuer of the final tranche of the 12,500 RSUs granted to the Reporting Person under the Plan as of the grant date, February 17, 2021 as compensation for the Reporting Person's service as a member of the Issuer's Board of Directors for Fiscal Year 2021. Of these 12,500 RSUs, 2,500 RSUs vested as of the grant date, and the remaining 10,000 RSUs vested in four quarterly installments of 2,500 RSUs after the grant date.