4//SEC Filing
YI SOO IL BENJAMIN 4
Accession 0001079973-22-001199
CIK 0001167419other
Filed
Sep 27, 8:00 PM ET
Accepted
Sep 28, 9:55 PM ET
Size
27.8 KB
Accession
0001079973-22-001199
Insider Transaction Report
Form 4
Yi Soo il Benjamin
DirectorEXECUTIVE CHAIRMAN
Transactions
- Exercise/Conversion
Common Stock
2022-09-26+44,666→ 241,362 total - Award
Common Stock
2022-09-26−2,971,768→ 3,591,464 total - Exercise/Conversion
Common Stock
2022-09-26+3,750→ 196,696 total - Exercise/Conversion
Common Stock
2022-09-26−378,334→ 619,696 total - Exercise/Conversion
Restricted Stock Units
2022-09-26+3,750→ 46,666 totalExercise: $0.00→ Common Stock (3,750 underlying) - Exercise/Conversion
Restricted Stock Units
2022-09-26+46,666→ 0 totalExercise: $0.00→ Common Stock (46,666 underlying) - Exercise/Conversion
Restriced Stock Units
2022-09-26+378,334→ 0 totalExercise: $0.00→ Common Stock (378,334 underlying)
Footnotes (5)
- [F1]Under the Issuer's equity plan, each restricted stock unit ("RSU") represents the right to receive, upon vesting and settlement, one share of the Issuer's Common Stock, subject to any net settlement permitted by the Plan and approved by the Issuer's Compensation and Human Resources Committee (the "Committee"). The reported transactions represent settlement by the Issuer of 3,750 vested service-based RSUs granted to the Reporting Person as of May 24, 2021, which vested quarterly following the grant date
- [F2]Represents the total direct and indirect beneficial ownership of the indicated security held by the Reporting Person immediately following the reported transaction.
- [F3]The reported transactions represent settlement by the Issuer of 46,666 vested performance-based RSUs granted to the Reporting Person under the performance-incentive plan adopted by the Committee under the equity plan as of August 12, 2021, which vested based on the Issuer's achievement of performance objectives corresponding to 46,666 RSUs.
- [F4]As of September 26, 2022, the Committee authorized the conversion of all unvested RSUs granted under the Plan into unvested restricted shares of Common Stock ("Restricted Stock"), without further consideration. Accordingly, the reported transaction represents the conversion of all unvested RSUs granted to the Reporting Person under the equity plan. The 378,334 shares of Restricted Stock represent the total maximum target award allocated to the Reporting Person under the performance plan, which are eligible to vest, if at all, based on the achievement, during the performance period expiring as of December 31, 2023, of certain performance objectives established for the Issuer under the performance plan. Shares of Restricted Stock are subject to forfeiture until vested, and shares remaining unvested as of the end of the performance period will be automatically forfeited without consideration.
- [F5]Represents the grant of 2,971,768 shares of Restricted Stock to the Reporting Person as compensation for serving as the Issuer's Executive Chairman. Pursuant to the applicable award agreement, these shares are eligible to vest, if at all, in two equal annual tranches as of June 1, 2023, and June 1, 2024, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates.
Issuer
Riot Blockchain, Inc.
CIK 0001167419
Entity typeother
Related Parties
1- filerCIK 0001757880
Filing Metadata
- Form type
- 4
- Filed
- Sep 27, 8:00 PM ET
- Accepted
- Sep 28, 9:55 PM ET
- Size
- 27.8 KB