Jeffrey Mcgonegal - Jul 13, 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
Chief Financial Officer
Signature
/s/ Jeffrey G. McGonegal
Stock symbol
RIOT
Transactions as of
Jul 13, 2022
Transactions value $
$0
Form type
4
Date filed
7/18/2022, 07:08 PM
Previous filing
May 19, 2022
Next filing
Sep 14, 2022

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 +14.7K $0.00 14.7K Jul 13, 2022 Common Stock 14.7K $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 Pursuant to the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Equity Plan") 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") upon settlement by the Issuer following vesting. PSUs are subject to vesting under the performance plan established by the Issuer's Compensation and Human Resources Committee (the "Committee") under the Equity Plan, (the "Performance Plan") in connection with the Issuer's achievement of certain performance milestones specified by the Committee during the performance period expiring on December 31, 2023.
F2 On July 13, 2022, the Committee determined that the Issuer had achieved, as of June 30, 2022, the performance criteria corresponding to 14,666 PSUs. Upon vesting, the Issuer records PSUs as Restricted Stock Units, which are eligible to be settled by the Issuer in shares of its Common Stock on a one-for-one basis, subject to any net settlement for taxes as permitted under the Performance Plan and as approved by the Committee. Accordingly, the award of 14,666 Restricted Stock Units reported on this Form 4 represents the vesting of 14,666 PSUs awarded to the Reporting Person on August 12, 2021.
F3 Represents the total direct and indirect beneficial ownership of the indicated security held by the Reporting Person immediately following the reported transaction.