Soo il Benjamin Yi - Jan 3, 2024 Form 4 Insider Report for Riot Platforms, Inc. (RIOT)

Role
EXECUTIVE CHAIRMAN, Director
Signature
/s/ Alexander K. Travis, Attorney-in-Fact for Benjamin Yi
Stock symbol
RIOT
Transactions as of
Jan 3, 2024
Transactions value $
$0
Form type
4
Date filed
1/5/2024, 07:30 PM
Previous filing
Jul 17, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIOT Common Stock Award $0 +5M +209.61% $0.00 7.39M Jan 3, 2024 Direct F1, F2, F3
holding RIOT Common Stock 1M Jan 3, 2024 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 'Represents the award of performance-based restricted shares of the Issuer's Common Stock, no par value per share, ("Common Stock") awarded to the Reporting Person, under the Issuer's Long-Term Incentive Program (the "LTIP") established, as of July 13, 2023, by the Issuer's Compensation and Human Resources Committee of its Board of Directors (the "Committee") under the Issuer's 2019 Equity Incentive Plan, as amended, (the "Equity Plan") for the period ending July 31, 2026 (the "Award Term"), pursuant to an equity award agreement between the Issuer and Reporting Person (the "Award Agreement").
F2 The number of restricted shares of Common Stock reported represents the maximum achievable award under the LTIP (200% of the target award). As set forth in the Award Agreement, the final number of shares of Common Stock to vest will be determined based on the Issuer's achievement, as of the end of the Award Term, of certain performance objectives established for it by the Committee under the LTIP, subject to the the Reporting Person's continued service with the Issuer through vesting. Pursuant to the Award Agreement, the shares are subject to certain restrictions, including on transfer, and are at risk of forfeiture until vested.
F3 Excludes 1,000,000 shares held in trust by the Reporting Person.
F4 Shares held in trust by the Reporting Person in a Cayman Islands trust company established by the Reporting Person, as of January 16, 2023, Acorn Capital Foundation Limited company (the "Trust"). The Reporting Person is the sole settlor, director and beneficiary of the Trust, and retains all rights with respect to the shares held therein.