Lance Varro D'Ambrosio - Aug 30, 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
Director
Signature
/s/ Alexander K. Travis , Attorney-in-Fact for Lance Varro D'Ambrosio
Stock symbol
RIOT
Transactions as of
Aug 30, 2022
Transactions value $
$0
Form type
4
Date filed
8/31/2022, 07:47 PM
Previous filing
Mar 18, 2022
Next filing
Sep 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIOT Common Stock Options Exercise $0 +11.3K +450% $0.00 13.8K Aug 30, 2022 Direct F1, F2

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 -11.3K -64.29% $0.00 6.25K Aug 30, 2022 Common Stock 11.3K $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 These Restricted Stock Units ("RSUs") were granted to the Reporting Person under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") in consideration of the Reporting Person's service on the Issuer's Board of Directors, subject to the Reporting Person's continuing service with the Issuer through the applicable vesting date. RSUs granted under the Plan are subject to forfeiture until vested. Following vesting, RSUs are convertible, on a one-for-one basis, into shares of the Issuer's Common Stock 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 The conversion reported in Table II represents the settlement by the Issuer following vesting of 11,250 RSUs, including: (i) the final 5,000 of the 12,500 RSUs granted to the Reporting Person as of May 28, 2021, of which, 2,500 vested immediately as of the grant date, with the remaining vesting in four equal quarterly installments following the grant date; and (ii) 6,250 of the 12,500 RSUs granted to the Reporting Person as of January 10, 2022, which are eligible to vest in four equal quarterly installments following the grant date, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.