Lance Varro D'Ambrosio - Sep 26, 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
Sep 26, 2022
Transactions value $
$0
Form type
4
Date filed
9/28/2022, 09:57 PM
Previous filing
Sep 2, 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 +6.25K +166.67% $0.00 10K Sep 26, 2022 Direct F1, F2
transaction RIOT Common Stock Award $0 +111K +1114.41% $0.00 121K Sep 26, 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 +6.25K $0.00* 0 Sep 26, 2022 Common Stock 6.25K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As of September 26, 2022, all outstanding restricted stock units ("RSUs") under the Issuer's equity plan were converted into restricted shares of the Issuer's Common Stock ("Restricted Stock"). The reported transaction represents the conversion of the unvested balance of the 12,500 RSUs granted to the Reporting Person as of January 10, 2022, into 6,250 shares of Restricted Stock. Pursuant to the applicable award agreement, these 6,250 shares vest, if at all, in two equal quarterly tranches, subject to the Reporting Person's continued service 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 As of September 26, 2022, the Reporting Person was granted, in consideration of the his service as an independent member of the Board, an award of 111,441 shares of Restricted Stock pursuant to a Restricted Stock award agreement with the Issuer under the equity plan. These 111,441 shares are eligible to vest, if at all, in four equal quarterly tranches after the grant date, subject to the Reporting Person's continued service with the Issuer through vesting.