William Jackman - 02 Aug 2022 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: EVP & General Counsel
Signature: /s/ William R. Jackman
Issuer symbol: RIOT
Transactions as of: 02 Aug 2022
Net transactions value: -$43,920
Form type: 4
Filing time: 03 Aug 2022, 17:53:57 UTC
Previous filing: 15 Jul 2022
Next filing: 14 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+12,000	+48%	$0.000000	36,789	02 Aug 2022	Direct	F1, F2
transaction	RIOT	Common Stock	Disposed to Issuer	$43,920	-6,000	-16%	$7.32	30,789	02 Aug 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RIOT	Restricted Stock Units	Options Exercise	$0	-12,000	-18%	$0.000000	55,321	02 Aug 2022	Common Stock	12,000	$0.000000	Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") vested Restricted Stock Units ("RSUs") are, upon settlement by the Issuer in accordance with the procedures of the Plan, convertible into shares of the Issuer's common stock, no par value per share, 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").
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 of the conversion of 12,000 vested RSUs reported in Table II, as permitted under the Plan and approved by the Committee.
F4	Represents the conversion upon settlement by the Issuer of vested portion of the performance-based RSUs granted to the Reporting Person by the Issuer on August 12, 2021, which vested upon the Issuer's achievement of the performance criteria established by the Committee under Plan corresponding to 12,000 RSUs.