Chad Everett Harris - 19 Jul 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
EVP, CCO
Signature
/s/ Chad Harris
Issuer symbol
RIOT
Transactions as of
19 Jul 2022
Net transactions value
-$47,601
Form type
4
Filing time
21 Jul 2022, 19:24:40 UTC
Previous filing
15 Jul 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 +2,488 +4.5% $0.000000 58,111 19 Jul 2022 Direct F1, F2
transaction RIOT Common Stock Tax liability $4,155 -746 -1.3% $5.57 57,365 19 Jul 2022 Direct F2, F3
transaction RIOT Common Stock Options Exercise $0 +26,000 +45% $0.000000 83,365 19 Jul 2022 Direct F1, F2
transaction RIOT Common Stock Tax liability $43,446 -7,800 -9.4% $5.57 75,565 19 Jul 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 -2,488 -8.7% $0.000000 26,000 19 Jul 2022 Common Stock 2,488 $0.000000 Direct F1, F2, F4
transaction RIOT Restricted Stock Units Options Exercise $0 -26,000 -100% $0.000000* 0 19 Jul 2022 Common Stock 26,000 $0.000000 Direct F1, F2, F5
* 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 service-based restricted stock unit ("RSUs") and each performance-based restricted stock units ("PSUs) represents a contingent right to receive one share of the Issuer's common stock, no par value per share, ("Common Stock") following vesting and settlement by the Issuer. Under the Equity Plan, the Issuer may elect to satisfy any tax withholding obligations due in connection with the conversion of vested RSUs and PSUs via net settlement of the vested award by withholding shares of Common Stock to cover the tax due, as permitted under the Equity Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee").
F2 Represents the total direct and indirect ownership of the indicated security held by the Reporting Person immediately following the reported transaction.
F3 Represents net settlement for taxes due in connection with the conversion reported on the foregoing line of this report.
F4 The conversion of 2,488 vested RSUs reported in Table II relates to the settlement by the Issuer of the remaining unsettled portion of the 9,949 RSUs granted to the Reporting Person on May 26, 2021, which vested in four quarterly installments after the grant date.
F5 The conversion of 26,000 PSUs reported in Table II represents the settling by the Issuer of the vested portion of the PSUs granted to the Reporting Person August 12, 2021 pursuant to the Reporting Person's Award Agreement, which vested upon the Committee's determination that performance criteria corresponding to the PSUs granted to the Reporting Person had been achieved.

Remarks:

The Reporting Person is an Executive Vice President and Chief Commercial Officer of the Issuer and is the Chief Executive Officer of its subsidiary, Whinstone US, Inc.