Ryan D. Werner - May 31, 2023 Form 4 Insider Report for Riot Platforms, Inc. (RIOT)

Role: SVP, CAO
Signature: /s/ Alexander K. Travis, Attorney-in-Fact for Ryan Werner
Stock symbol: RIOT
Transactions as of: May 31, 2023
Transactions value $: -$645,794
Form type: 4
Date filed: 6/2/2023, 04:28 PM
Previous filing: Jan 13, 2023
Next filing: Jul 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Sale	-$266K	-22.3K	-6.65%	$11.92	313K	May 31, 2023	Direct	F1
transaction	RIOT	Common Stock	Tax liability	-$380K	-30.6K	-9.76%	$12.41	283K	Jun 1, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares of the Issuer's Common Stock were sold in a series of multiple transactions at prices ranging from $11.87 to $11.97 per share, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F2	Shares surrendered to the Issuer, in accordance with Rule 16b-3 under the Exchange Act, to cover tax liabilities incident to the vesting of 74,294 restricted shares of the Issuer's Common Stock previously issued to the Reporting Person as restricted stock awards granted under the Issuer's equity incentive plan (the "Plan"), as previously reported on Form 4 by the Reporting Person. Pursuant to the equity award agreements between the Issuer and the Reporting Person covering such awards, vested shares may be surrendered to the Issuer by the Reporting Person to cover applicable taxes incurred in connection with the vesting of such shares, as authorized and approved by the Issuer's Compensation and Human Resources Committee, which administers the Plan.

Content

These shares of the Issuer's Common Stock were sold in a series of multiple transactions at prices ranging from $11.87 to $11.97 per share, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.

Shares surrendered to the Issuer, in accordance with Rule 16b-3 under the Exchange Act, to cover tax liabilities incident to the vesting of 74,294 restricted shares of the Issuer's Common Stock previously issued to the Reporting Person as restricted stock awards granted under the Issuer's equity incentive plan (the "Plan"), as previously reported on Form 4 by the Reporting Person. Pursuant to the equity award agreements between the Issuer and the Reporting Person covering such awards, vested shares may be surrendered to the Issuer by the Reporting Person to cover applicable taxes incurred in connection with the vesting of such shares, as authorized and approved by the Issuer's Compensation and Human Resources Committee, which administers the Plan.