Riot Platforms, Inc. — Director's Dealing 2022

Sep 28, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Riot Blockchain, Inc. (RIOT)
CIK: 0001167419
Period of Report: 2022-09-26

Reporting Person: D'Ambrosio Lance Varro (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-09-26	Common Stock	M	6250	$0.00	Acquired	10000	Direct
2022-09-26	Common Stock	A	111441	$0.00	Acquired	121441	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-09-26	Restricted Stock Units	$0.00	M	6250	Acquired		Common Stock (6250)	Direct

Footnotes

F1: As of September 26, 2022, all outstanding restricted stock units ("RSUs") under the Issuer's equity plan were converted into restricted shares of the Issuer's Common Stock ("Restricted Stock"). The reported transaction represents the conversion of the unvested balance of the 12,500 RSUs granted to the Reporting Person as of January 10, 2022, into 6,250 shares of Restricted Stock. Pursuant to the applicable award agreement, these 6,250 shares vest, if at all, in two equal quarterly tranches, subject to the Reporting Person's continued service through vesting.

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

F3: As of September 26, 2022, the Reporting Person was granted, in consideration of the his service as an independent member of the Board, an award of 111,441 shares of Restricted Stock pursuant to a Restricted Stock award agreement with the Issuer under the equity plan. These 111,441 shares are eligible to vest, if at all, in four equal quarterly tranches after the grant date, subject to the Reporting Person's continued service with the Issuer through vesting.