Lance D'Ambrosio - Apr 17, 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
Stock symbol
RIOT
Transactions as of
Apr 17, 2023
Transactions value $
-$325,260
Form type
4
Date filed
4/19/2023, 04:55 PM
Previous filing
Jan 19, 2023
Next filing
Jul 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIOT Common Stock Sale -$325K -26K -37.44% $12.51 43.4K Apr 17, 2023 Direct F1
transaction RIOT Common Stock Gift $0 -4K -9.21% $0.00 39.4K Apr 17, 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.