Megan M. Brooks - 20 Apr 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
Officer
Signature
/s/ Megan M. Brooks
Issuer symbol
RIOT
Transactions as of
20 Apr 2022
Net transactions value
-$102,051
Form type
4
Filing time
22 Apr 2022, 21:01:53 UTC
Previous filing
15 Apr 2022
Next filing
19 May 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 +1,500 +1.5% $0.000000 101,062 20 Apr 2022 Direct F1, F2
transaction RIOT Common Stock Tax liability $6,656 -450 -0.45% $14.79 100,612 20 Apr 2022 Direct F2, F3
transaction RIOT Common Stock Options Exercise $0 +1,500 +1.5% $0.000000 102,112 20 Apr 2022 Direct F1, F2
transaction RIOT Common Stock Tax liability $6,656 -450 -0.44% $14.79 101,662 20 Apr 2022 Direct F2, F3
transaction RIOT Common Stock Options Exercise $0 +20,000 +20% $0.000000 121,662 20 Apr 2022 Direct F1, F2
transaction RIOT Common Stock Tax liability $88,740 -6,000 -4.9% $14.79 115,662 20 Apr 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 Options Exercise $0 -1,500 -1.5% $0.000000 99,500 20 Apr 2022 Common Stock 1,500 $0.000000 Direct F1, F2, F4
transaction RIOT Restricted Stock Units Options Exercise $0 -1,500 -1.5% $0.000000 98,000 20 Apr 2022 Common Stock 1,500 $0.000000 Direct F1, F2, F5
transaction RIOT Restricted Stock Units Options Exercise $0 -20,000 -20% $0.000000 78,000 20 Apr 2022 Common Stock 20,000 $0.000000 Direct F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Megan M. Brooks is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") each time-based restricted stock unit ("RSUs") and each performance-based restricted stock unit ("PSUs") represents a contingent right to receive one share of the Issuer's common stock, no par value per share, ("Common Stock") subject to any net settlement permitted under the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee"), following vesting and settlement by the Issuer.
F2 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.
F3 Represents net settlement for taxes due in connection with the conversion of 3,000 vested RSUs and 20,000 vested PSUs into shares of the Issuer's Common Stock upon settlement by the Issuer, as permitted by the Plan and approved by the Committee.
F4 Represents the settlement by the Issuer of the final quarterly tranche of 1,500 RSUs of the 6,000 RSUs granted to the Reporting Person on April 6, 2021, which vested in four quarterly installments after the grant date.
F5 Represents the settlement by the Issuer of the vested and unsettled portion of the 6,000 RSUs granted to the Reporting Person on November 5, 2021, which vested in four quarterly installments after the grant date.
F6 Represents the settlement by the Issuer of the vested portion of the PSUs granted to the Reporting Person on August 12, 2021, as reported by the Form 4 filed by the Reporting Person on April 15, 2022.

Remarks:

Effective as of April 7, 2022, the Reporting Person resigned as the Issuer's Chief Operating Officer and from all other positions with the Issuer pursuant to the Separation Agreement; however, as part of the Separation Agreement, derivative securities granted to the Reporting Person under the Plan are eligible to continue vesting through the termination of the Transition Period specified in the Separation Agreement, which ends on July 7, 2022.