Megan M. Brooks - 14 Jun 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role
Officer
Signature
/s/ Megan M. Brooks
Issuer symbol
RIOT
Transactions as of
14 Jun 2022
Net transactions value
-$38,775
Form type
4
Filing time
16 Jun 2022, 18:21:30 UTC
Previous filing
19 May 2022
Next filing
15 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIOT Common Stock Options Exercise $0 +25,000 +19% $0.000000 158,162 14 Jun 2022 Direct F1, F2
transaction RIOT Common Stock Tax liability $38,775 -7,500 -4.7% $5.17 150,662 14 Jun 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RIOT Restricted Stock Units Options Exercise $0 -25,000 -47% $0.000000 28,000 14 Jun 2022 Common Stock 25,000 $0.000000 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Megan M. Brooks is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Vested Restricted Stock Units ("RSUs") awarded to the Reporting Person as compensation under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") are convertible into shares of the Issuer's common stock, no par value per share, ("Common Stock") on a one-for-one basis, subject to any net settlement permitted under the Plan, upon settlement by the Issuer in accordance with the procedures of the Plan.
F2 Represents the total direct and indirect beneficial ownership of the indicated security held by the Reporting Person immediately following the reported transaction.
F3 Represents net settlement for taxes due in connection with the conversion of 25,000 vested RSUs into shares of the Issuer's Common Stock upon settlement by the Issuer, as permitted by the Plan and approved by the Issuer's Compensation and Human Resources Committee.
F4 The settlement of 25,000 vested RSUs reported on this Form 4 represents the settlement of the vested portion of the 75,000 RSUs awarded to the Reporting Person on April 7, 2022, which are eligible to vest in three equal installments as of May 7, 2022, June 7, 2022, and July 7, 2022.

Remarks:

Effective as of April 7, 2022, the Reporting Person resigned as the Issuer's Chief Operating Officer and from all other positions with the Issuer pursuant to a separation and release agreement between the Issuer and the Reporting Person (the "Separation Agreement"); however, as part of the Separation Agreement, RSUs granted to the Reporting Person under the Plan are eligible to continue vesting through the Transition Period specified in the Separation Agreement.