Ryan D. Werner - 01 Jul 2024 Form 4 Insider Report for Riot Platforms, Inc. (RIOT)

Reporting relationship: SVP, CAO
Issuer ticker: RIOT
Reported as of: 01 Jul 2024
Net transaction value: -$28,089
SEC form: 4
Accepted by SEC: 03 Jul 2024, 18:00:12 UTC
Prior SEC filing: 03 Jun 2024
Next SEC filing: 10 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Alexander K. Travis, Attorney-in-Fact for Ryan D. Werner

Key filing fact

Ryan D. Werner filed Form 4 for Riot Platforms, Inc. (RIOT) on 03 Jul 2024.

Key facts

This page summarizes Ryan D. Werner's Form 4 filing for Riot Platforms, Inc. (RIOT).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 03 Jul 2024, 18:00.

Change

Previous filing in this sequence was filed on 03 Jun 2024.
Current net transaction value: -$28,089.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RIOT transaction

Common Stock

Tax liability

Transaction value: $28,089
Shares: -2,823
Change %: -0.65%
Price: $9.95
Shares after: 428,698
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F1

RIOT transaction

Common Stock

Award

Transaction value: $0
Shares: +75,376
Change %: +18%
Price: $0.000000
Shares after: 504,074
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F2

RIOT transaction

Common Stock

Award

Transaction value: $0
Shares: +150,752
Change %: +30%
Price: $0.000000
Shares after: 654,826
Date: 01 Jul 2024
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Shares surrendered to the Issuer, in accordance with Rule 16b-3 under the Exchange Act, to cover tax liabilities incident to the vesting of 6,571 restricted shares of the Issuer's Common Stock previously issued to the Reporting Person as service-based restricted stock awards ("RSAs") granted under the Issuer's 2019 Equity Incentive Plan, as previously reported on Form 4 by the Reporting Person.

Footnote F2

Represents the award of RSAs, granted to the Reporting Person, as authorized by the Issuer's Compensation and Human Resources Committee of its Board of Directors (the "Committee") under the Long-Term Incentive Program established, as of July 13, 2023, (the "LTIP"), pursuant to an LTIP award agreement with the Issuer. These shares are eligible to vest, if at all, in three approximately equal annual tranches as of July 1, 2025, July 1, 2026, and July 1, 2027, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates. Any unvested portion of the RSAs shall be automatically forfeited and returned to the Issuer, without consideration therefore.

Footnote F3

Represents the maximum achievable award of performance-based restricted shares of the Issuer's Common Stock, no par value per share, ("PRSAs") of up to a maximum of 200% of the target amount, which is 75,376 shares, during the three-year performance period from January 1, 2024 through December 31, 2026 (the "Performance Period"), granted to the Reporting Person, as authorized by the Committee under the LTIP, pursuant to an LTIP award agreement with the Issuer. These PRSAs are eligible to vest, if at all, based upon certification by the Committee of the Company's achievement, as of the end of the Performance Period, of certain performance objectives, and subject to the Reporting Persons continued service with the Issuer through July 1, 2027. Any unvested portion of the PRSAs shall be automatically forfeited and returned to the Issuer, without consideration therefore.