Lance Varro D Ambrosio - 17 Apr 2023 Form 4 Insider Report for Riot Platforms, Inc. (RIOT)

Role
Director
Signature
/s/ Alexander K. Travis, Attorney-in-Fact for Lance Varro D'Ambrosio
Issuer symbol
RIOT
Transactions as of
17 Apr 2023
Net transactions value
-$325,260
Form type
4
Filing time
19 Apr 2023, 16:55:11 UTC
Previous filing
19 Jan 2023
Next filing
19 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIOT Common Stock Sale $325,260 -26,000 -37% $12.51 43,441 17 Apr 2023 Direct F1
transaction RIOT Common Stock Gift $0 -4,000 -9.2% $0.000000 39,441 17 Apr 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales were executed under a Rule 10b5-1 trading plan adopted by the Reporting Person as of September 15, 2022.
F2 The reported disposition represents a bona fide gift made by the Reporting Person.