Ryan D. Werner - 27 Sep 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
Officer
Signature
/s/ Alexander K. Travis, Attorney-in-Fact for Ryan D. Werner
Issuer symbol
RIOT
Transactions as of
27 Sep 2022
Net transactions value
$0
Form type
4
Filing time
29 Sep 2022, 20:40:14 UTC
Previous filing
28 Sep 2022
Next filing
13 Jan 2023
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 +86,000 +385% $0.000000 108,333 27 Sep 2022 Direct F1
transaction RIOT Common Stock Award $0 +148,588 +137% $0.000000 256,921 27 Sep 2022 Direct F2
transaction RIOT Common Stock Award $0 +85,998 +33% $0.000000 342,919 27 Sep 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 -86,000 -100% $0.000000* 0 27 Sep 2022 Common Stock 86,000 $0.000000 Direct F1
* 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, as authorized by the Issuer's Compensation and Human Resources Committee (the "Committee"), 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"). The reported number of shares represents the total maximum target award allocated to the Reporting Person under the performance-incentive plan established by the Committee under the Issuer's equity plan. Pursuant to the applicable RSA award agreement with the Issuer, these shares 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, and are subject to forfeiture until vested, with any shares remaining unvested as of the end of the performance period automatically forfeited without consideration.
F2 Represents the RSA award granted to the Reporting Person, as compensation for serving as the Issuer's SVP and CAO, 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.
F3 Represents shares added to the total maximum target award allocated to the Reporting Person under the performance plan pursuant to an RSA award agreement with the Issuer on the same terms as the RSA award described in footnote (1).

Remarks:

The Reporting Person is Senior Vice President and Chief Accounting Officer (principal accounting officer) of Riot Blockchain, Inc.