Colin Yee - Sep 27, 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: Chief Financial Officer
Signature: /s/ Alexander K. Travis, Attorney-in-Fact for Colin M. Yee
Stock symbol: RIOT
Transactions as of: Sep 27, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/29/2022, 08:37 PM
Previous filing: Sep 28, 2022
Next filing: Apr 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+88K	+1400.08%	$0.00	94.3K	Sep 27, 2022	Direct	F1
transaction	RIOT	Common Stock	Options Exercise	$0	+242K	+256.68%	$0.00	336K	Sep 27, 2022	Direct	F2
transaction	RIOT	Common Stock	Award	$0	+74.3K	+22.09%	$0.00	411K	Sep 27, 2022	Direct	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	-88K	-26.67%	$0.00	242K	Sep 27, 2022	Common Stock	88K	$0.00	Direct	F1
transaction	RIOT	Restricted Stock Units	Options Exercise	$0	-242K	-100%	$0.00^*	0	Sep 27, 2022	Common Stock	242K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reported transactions represent the conversion of all outstanding restricted stock unit awards ("RSUs") granted to the Reporting Person under the Issuer's equity plan into equal awards of restricted shares of the Issuer's Common Stock ("RSAs"), as authorized by the Issuer's Compensation and Human Resources Committee (the "Committee"). Pursuant to the applicable RSA award agreement with the Issuer, these shares are eligible to vest, if at all, in equal quarterly tranches through April 1,2024, subject to the Reporting Person's continued service with the Issuer through vesting.
F2	Represents the conversion, as authorized by the Committee, of all outstanding performance-based RSUs granted to the Reporting Person under the performance-incentive plan established by the Committee under the Issuer's equity plan into an equal RSA award. The reported number of shares represents the total maximum target award allocated to the Reporting Person under the performance plan, which are eligible to vest, if at all, based on the Issuer's achievement, during the performance period ending December 31, 2023, of performance objectives established under the performance plan. Pursuant to the applicable RSA award agreement with the Issuer, the shares are subject to forfeiture until vested, and any shares remaining unvested as of the end of the performance period will be automatically forfeited without consideration.
F3	Represents the RSA award granted to the Reporting Person, as compensation for serving as the Issuer's Chief Financial Officer, pursuant to an RSA award agreement with the Issuer. These shares are eligible to vest, if at all, in two equal annual tranches as of June 1, 2023, and June 1, 2024, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates.