Werner Ryan D. 4

What Happened
Ryan D. Werner, SVP and CAO of Riot Platforms, sold a total of 17,828 shares of RIOT on July 7, 2026 in two open-market transactions. He disposed of 10,232 shares at a weighted-average price of $21.22 (proceeds $217,123) and 7,596 shares at a weighted-average price of $21.93 (proceeds $166,580), for combined proceeds of approximately $383,703. These were sales (not purchases) and were executed pursuant to a pre-established trading plan.

Key Details

• Transaction date: July 7, 2026 (reported on Form 4 filed July 9, 2026). Filing appears timely (filed within two business days).
• Reported prices and proceeds: 10,232 shares @ $21.22 = $217,123; 7,596 shares @ $21.93 = $166,580; total 17,828 shares, ~$383,703.
• Price ranges (per footnotes): the first series traded between $20.52–$21.51; the second between $21.53–$22.26; reported prices are weighted averages. The filer will provide full per-trade details upon request.
• Trading plan: Sales were effected under a Rule 10b5-1 plan adopted December 2, 2025 (footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing (see the full Form 4 for current holdings).
• Transaction code: S = Sale.

Context
Because these sales were made under a Rule 10b5-1 trading plan (adopted Dec 2, 2025), they were likely pre-scheduled and do not necessarily reflect the insider’s current view of Riot’s prospects. For retail investors, purchases generally carry more signaling weight than routine, pre-arranged sales.