MCGONEGAL JEFFREY 4
4 · Riot Blockchain, Inc. · Filed Sep 14, 2022
Insider Transaction Report
Form 4
MCGONEGAL JEFFREY
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-09-12+9,666→ 347,199 total - Tax Payment
Common Stock
2022-09-12$8.26/sh−3,963$32,734→ 343,236 total - Exercise/Conversion
Restricted Stock Units
2022-09-12−9,666→ 5,000 totalExercise: $0.00→ Common Stock (9,666 underlying)
Footnotes (4)
- [F1]Pursuant to the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended, (the "Plan") each performance-based restricted stock unit ("PSU") 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. Pursuant to the Plan, PSUs are subject to forfeiture until vested, and are contingent on the Recipient's continued employment or service with the Issuer 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]Represents net settlement in connection with the conversion of vested PSUs into shares of the Issuer's Common Stock noted in Table II of this Report, as permitted by the Plan and approved by the Committee.
- [F4]Represents the settlement following vesting of 9,666 PSUs granted, as of August 12, 2021, to the Reporting Person under the Plan, which vested upon the Committee's determination that the performance criteria corresponding to 9,666 PSUs had been achieved.