Hannah Cho - Dec 6, 2021 Form 4 Insider Report for Riot Blockchain, Inc. (RIOT)

Role: Director
Signature: /s/ Hannah Cho
Stock symbol: RIOT
Transactions as of: Dec 6, 2021
Transactions value $: -$143,200
Form type: 4
Date filed: 12/7/2021, 08:09 PM
Next filing: Jan 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIOT	Common Stock	Options Exercise	$0	+10K		$0.00	10K	Dec 6, 2021	Direct	F1, F2
transaction	RIOT	Common Stock	Tax liability	-$143K	-5K	-50%	$28.64	5K	Dec 6, 2021	Direct	F2, F3

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	Award	$0	+10K		$0.00	2.5K	Dec 6, 2021	Common Stock	10K	$0.00	Direct	F1, F3, F4

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

Explanation of Responses:

Id	Content
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 security held by the Reporting Person immediately following the issuance reported by this Form 4.
F3	Represents net settlement in connection with the conversion of 10,000 vested RSUs into shares of the Issuer's Common Stock, as permitted by the Plan and approved by the Committee.
F4	The conversion of 10,000 vested RSUs reported in Table II relates to the settlement by the Issuer of the vested portion of the 12,500 RSUs granted to the Reporting Person on February 17, 2021. Of the 12,500 RSUs awarded to the Reporting Person, 2,500 RSUs vested immediately as of the grant date, with the remaining 10,000 RSUs eligible to vest in four quarterly installments after the grant date.