MCGONEGAL JEFFREY 4
4 · Riot Blockchain, Inc. · Filed Sep 29, 2022
Insider Transaction Report
Form 4
MCGONEGAL JEFFREY
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-09-27−323,334→ 0 totalExercise: $0.00→ Common Stock (323,334 underlying) - Exercise/Conversion
Common Stock
2022-09-27+323,334→ 666,597 total - Award
Common Stock
2022-09-27+222,883→ 889,480 total
Footnotes (3)
- [F1]Represents the conversion, as authorized by the Issuer's Compensation and Human Resources Committee (the "Committee"), of all outstanding restricted stock unit awards ("RSUs") granted to the Reporting Person under the Issuer's equity plan into equal awards of restricted shares of the Issuer's Common Stock ("RSAs"). The reported number of shares represents the total maximum target award allocated to the Reporting Person under the performance-incentive plan established by the Committee under the Issuer's equity plan, and are eligible to vest, if at all, based on the Issuer's achievement, during the performance period ending December 31, 2023, of performance objectives established under the performance plan. Pursuant to the applicable RSA award agreement with the Issuer, these shares are subject to forfeiture until vested, and any shares remaining unvested as of the end of the performance period will be automatically forfeited without consideration.
- [F2]Represents the RSA award granted to the Reporting Person, as compensation for services, pursuant to an RSA award agreement with the Issuer. These shares are eligible to vest, if at all, as of February 23, 2023, subject to the Reporting Person's continued service with the Issuer through vesting.
- [F3]On September 14, 2022, a Form 4 was filed that, due to an administrative error, incorrectly disclosed the resulting beneficial ownership after the transactions reported in Table II, which should have been zero (0). Accordingly, the transactions reported in Table II of this Form 4 exclude this administrative error, and the Reporting Person's beneficial ownership after the transactions reported in Table II of this Form 4 is correct.