Riot Platforms, Inc. — Director's Dealing 2021

Apr 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Riot Blockchain, Inc. (RIOT)
CIK: 0001167419
Period of Report: 2021-04-26

Reporting Person: Les Jason (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-26	Common Stock	M	6250	—	Acquired	289652	Direct
2021-04-26	Common Stock	F	1875	$38.48	Disposed	287777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-26	Restricted Stock Units	$0.00	M	6250	Disposed		Common Stock (6250)	Direct

Footnotes

F1: Vested restricted stock units ("RSUs") granted under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended (the "Plan") convert into shares of the Issuer's Common Stock on a one-for-one basis upon settlement by the Issuer in accordance with the procedures of the Plan.

F2: Represents the total direct and indirect ownership of the security held by the Reporting Person immediately following the transaction reported by this Form 4.

F3: Represents net settlement for taxes in connection with the settlement of 6,250 vested RSUs, as permitted under the Plan.

F4: Pursuant to the terms of the Executive Employment Agreement between the Issuer and the Reporting Person, dated effective as of February 8, 2021 (the "Employment Agreement"), the Reporting Person was granted an award of 25,000 RSUs under the Plan, which are eligible to vest in four (4) equal quarterly installments pursuant to and during the term of the Employment Agreement. The transaction reported on this Table II of this Form 4 represents the conversion of the first vested quarterly installment of this RSU award.