William R. Jackman - Mar 16, 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: General Counsel
Signature: /s/ William Jackman
Stock symbol: RIOT
Transactions as of: Mar 16, 2022
Transactions value $: -$15,052
Form type: 4
Date filed: 3/18/2022, 05:10 PM
Previous filing: Jan 18, 2022
Next filing: Apr 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+2.66K	+11.46%	$0.00	25.9K	Mar 16, 2022	Direct	F1, F2
transaction	RIOT	Common Stock	Disposed to Issuer	-$15.1K	-1.06K	-4.11%	$14.16	24.8K	Mar 16, 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 Unit	Options Exercise	$0	-2.66K	-6.04%	$0.00	41.3K	Mar 16, 2022	Common Stock	2.66K	$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 (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 2,658 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 2,657 RSUs reported in Table II represents the settling of the vested portion of the 10,630 RSUs awarded to the Reporting Person by the Issuer under the Plan as of the grant date, July 15, 2021, as compensation under the executive employment agreement between the Reporting Person and the Issuer dated as of the grant date. These 10,630 RSUs were granted pursuant to an equity award agreement between the Issuer and the Reporting Person and the Issuer dated as of the grant date, and are eligible to vest in four equal quarterly installments following the grant date.