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

Role
Director
Signature
/s/ Alexander K. Travis, Attorney-in-Fact for Hubert Marleau
Stock symbol
RIOT
Transactions as of
Sep 27, 2022
Transactions value $
$0
Form type
4
Date filed
9/29/2022, 09:00 PM
Previous filing
Apr 8, 2022
Next filing
Oct 4, 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 $0.00 6.25K Sep 27, 2022 Direct F1
transaction RIOT Common Stock Options Exercise $0 +6.25K +100% $0.00 12.5K Sep 27, 2022 Direct F2
transaction RIOT Common Stock Award $0 +111K +891.53% $0.00 124K 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 -6.25K -50% $0.00 6.25K Sep 27, 2022 Common Stock 6.25K $0.00 Direct F1
transaction RIOT Restricted Stock Units Options Exercise $0 -6.25K -100% $0.00* 0 Sep 27, 2022 Common Stock 6.25K $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 settlement by the Issuer of the vested portion of the award of restricted stock units ("RSUs") granted to the Reporting Person under the Issuer's equity plan in connection with the Reporting Person's service on the Board. Each vested RSU represents the contingent right to receive, upon settlement by the Issuer, one share of the Issuer's Common Stock, subject to any net settlement permitted by the equity plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee").
F2 Represents the conversion, as authorized by the Committee, of all outstanding RSUs granted to the Reporting Person under the Issuer's equity plan into awards of restricted shares of the Issuer's Common Stock ("RSAs"). Pursuant to the applicable RSA award agreement with the Issuer, these 6,250 shares are eligible to vest, if at all, in two equal quarterly tranches after the grant, subject to the Reporting Person's continued service through vesting.
F3 Represents the RSA award granted to the Reporting Person, in connection with his service on the Board, pursuant to an RSA award agreement with the Issuer. These 111,441 shares are eligible to vest, if at all, in four equal quarterly tranches after the grant, subject to the Reporting Person's continued service with the Issuer through vesting.