Riot Platforms, Inc. — Director's Dealing 2022

Apr 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Riot Blockchain, Inc. (RIOT)
CIK: 0001167419
Period of Report: 2022-04-20

Reporting Person: Brooks Megan M. ([See remarks])

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-20	Common Stock	M	1500	$0.00	Acquired	101062	Direct
2022-04-20	Common Stock	F	450	$14.79	Disposed	100612	Direct
2022-04-20	Common Stock	M	1500	$0.00	Acquired	102112	Direct
2022-04-20	Common Stock	F	450	$14.79	Disposed	101662	Direct
2022-04-20	Common Stock	M	20000	$0.00	Acquired	121662	Direct
2022-04-20	Common Stock	F	6000	$14.79	Disposed	115662	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-20	Restricted Stock Units	$0.00	M	1500	Disposed		Common Stock (1500)	Direct
2022-04-20	Restricted Stock Units	$0.00	M	1500	Disposed		Common Stock (1500)	Direct
2022-04-20	Restricted Stock Units	$0.00	M	20000	Disposed		Common Stock (20000)	Direct

Footnotes

F1: Pursuant to the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") each time-based restricted stock unit ("RSUs") and each performance-based restricted stock unit ("PSUs") represents a contingent right to receive one share of the Issuer's common stock, no par value per share, ("Common Stock") subject to any net settlement permitted under the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee"), following vesting and settlement by the Issuer.

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

F3: Represents net settlement for taxes due in connection with the conversion of 3,000 vested RSUs and 20,000 vested PSUs into shares of the Issuer's Common Stock upon settlement by the Issuer, as permitted by the Plan and approved by the Committee.

F4: Represents the settlement by the Issuer of the final quarterly tranche of 1,500 RSUs of the 6,000 RSUs granted to the Reporting Person on April 6, 2021, which vested in four quarterly installments after the grant date.

F5: Represents the settlement by the Issuer of the vested and unsettled portion of the 6,000 RSUs granted to the Reporting Person on November 5, 2021, which vested in four quarterly installments after the grant date.

F6: Represents the settlement by the Issuer of the vested portion of the PSUs granted to the Reporting Person on August 12, 2021, as reported by the Form 4 filed by the Reporting Person on April 15, 2022.