Riot Platforms, Inc. — Director's Dealing 2022

Mar 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Riot Blockchain, Inc. (RIOT)
CIK: 0001167419
Period of Report: 2022-03-16

Reporting Person: Cho Hannah (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-16	Common Stock	M	2500	$0.00	Acquired	7500	Direct
2022-03-16	Common Stock	F	1250	$14.16	Disposed	6250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-16	Restricted Stock Units	$0.00	A	2500	Disposed		Common Stock (2500)	Direct

Footnotes

F1: Vested restricted stock units ("RSUs") granted under the Riot Blockchain, Inc. 2019 Equity Incentive Plan (the "Plan") covert into shares of the Issuer's common stock, no par value per share, (the "Common Stock") on a one-for-one basis, subject to any net settlement permitted by the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee") 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 in connection with the conversion of 2,500 vested RSUs on a one-for-one basis into shares of the Issuer's Common Stock, as permitted by the Plan and approved by the Committee.

F4: The conversion of 2,500 vested RSUs reported in Table II relates to the settlement by the Issuer of the final tranche of the 12,500 RSUs granted to the Reporting Person under the Plan as of the grant date, February 17, 2021 as compensation for the Reporting Person's service as a member of the Issuer's Board of Directors for Fiscal Year 2021. Of these 12,500 RSUs, 2,500 RSUs vested as of the grant date, and the remaining 10,000 RSUs vested in four quarterly installments of 2,500 RSUs after the grant date.