William R. Jackman - Sep 12, 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: EVP & General Counsel
Signature: /s/ Alexander K. Travis, Attorney-in-Fact for William Richard Jackman
Stock symbol: RIOT
Transactions as of: Sep 12, 2022
Transactions value $: -$228,447
Form type: 4
Date filed: 9/14/2022, 08:43 PM
Previous filing: Aug 3, 2022
Next filing: Sep 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+55.3K	+179.66%	$0.00	86.1K	Sep 12, 2022	Direct	F1, F2
transaction	RIOT	Common Stock	Tax liability	-$228K	-27.7K	-32.12%	$8.26	58.4K	Sep 12, 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	-50K	-90.39%	$0.00	5.32K	Sep 12, 2022	Common Stock	50K	$0.00	Direct	F1, F2, F4, F5
transaction	RIOT	Restricted Stock Units	Options Exercise	$0	-5.32K	-100%	$0.00^*	0	Sep 12, 2022	Common Stock	5.32K	$0.00	Direct	F1, F2, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") each service-based restricted stock unit ("RSU") and performance-based restricted stock unit ("PSU") 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. Pursuant to the Plan, RSUs and PSUs are subject to forfeiture until vested, and are contingent on the Recipient's continued employment or service with the Issuer through vesting.
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 vested RSUs and PSUs into shares of the Issuer's Common Stock noted in Table II of this report, as permitted under the Plan and approved by the Committee.
F4	Represents the settlement following vesting of 50,000 PSU granted, as of August 12, 2021, to the Reporting Person under the Plan, which vested upon the Committee's determination that the performance criteria corresponding to 50,000 PSUs had been achieved.
F5	On March 18, 2022, the reporting person filed a Form 4 which inadvertently reported that, following his conversion of vested RSUs on Table II, the number of derivative securities beneficially owned totaled 41,321. The correct number of derivative securities beneficially owned following the reported transaction were 41,315.
F6	Represents the settlement following vesting of the remaining balance of the 10,630 RSU granted, as of July 15, 2021, to the Reporting Person under the Plan, which were eligible to vest in four approximately equal quarterly installments following the grant date.