Riot Platforms, Inc. — Director's Dealing 2022

Sep 29, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Riot Blockchain, Inc. (RIOT)
CIK: 0001167419
Period of Report: 2022-09-27

Reporting Person: Yee Colin M. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-27	Common Stock	M	87995	$0.00	Acquired	94280	Direct
2022-09-27	Common Stock	M	242000	$0.00	Acquired	336280	Direct
2022-09-27	Common Stock	A	74294	$0.00	Acquired	410574	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-09-27	Restricted Stock Units	$0.00	M	87995	Disposed		Common Stock (87995)	Direct
2022-09-27	Restricted Stock Units	$0.00	M	242000	Disposed		Common Stock (242000)	Direct

Footnotes

F1: The reported transactions represent the conversion of all outstanding restricted stock unit awards ("RSUs") granted to the Reporting Person under the Issuer's equity plan into equal awards of restricted shares of the Issuer's Common Stock ("RSAs"), as authorized by the Issuer's Compensation and Human Resources Committee (the "Committee"). Pursuant to the applicable RSA award agreement with the Issuer, these shares are eligible to vest, if at all, in equal quarterly tranches through April 1,2024, subject to the Reporting Person's continued service with the Issuer through vesting.

F2: Represents the conversion, as authorized by the Committee, of all outstanding performance-based RSUs granted to the Reporting Person under the performance-incentive plan established by the Committee under the Issuer's equity plan into an equal RSA award. The reported number of shares represents the total maximum target award allocated to the Reporting Person under the performance plan, which are eligible to vest, if at all, based on the Issuer's achievement, during the performance period ending December 31, 2023, of performance objectives established under the performance plan. Pursuant to the applicable RSA award agreement with the Issuer, the shares are subject to forfeiture until vested, and any shares remaining unvested as of the end of the performance period will be automatically forfeited without consideration.

F3: Represents the RSA award granted to the Reporting Person, as compensation for serving as the Issuer's Chief Financial Officer, pursuant to an RSA award agreement with the Issuer. These shares are eligible to vest, if at all, in two equal annual tranches as of June 1, 2023, and June 1, 2024, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates.