Werner Ryan D. 4

What Happened
Ryan D. Werner, SVP and Chief Accounting Officer of Riot Platforms (RIOT), sold 37,616 shares of RIOT on May 27, 2026. The shares were disposed in open-market transactions at a weighted-average price of $26.50 per share, generating roughly $996,824 in proceeds. This was a sale (not a purchase), and such transactions are commonly routine liquidity events rather than an expressed change in sentiment.

Key Details

• Transaction date: 2026-05-27 (reported on Form 4 filed 2026-05-29).
• Price(s): weighted-average $26.50; trades occurred in a series at prices from $26.50 to $26.53 (footnote F2).
• Shares sold: 37,616; gross proceeds ≈ $996,824.
• Plan/authorization: Sales were made pursuant to a Rule 10b5-1 trading plan adopted December 2, 2025 (footnote F1).
• Shares owned after transaction: not specified in the supplied filing details.
• Filing timeliness: Reported within two days of the transaction date (no late filing indicated).

Context
A 10b5-1 plan means these sales were pre-planned trades executed under a written plan, which often indicates the trades were scheduled in advance rather than timed to inside information. For retail investors, purchases are generally more informative about insider conviction; routine sales under 10b5-1 plans are common for liquidity or diversification and do not by themselves signal a change in company fundamentals.