Gibbs Jonathan 4

What Happened

• Jonathan Gibbs, the company's Chief Data Center Officer, disposed of 1,147,910 restricted shares back to Riot Platforms on April 12, 2026. The transaction was a forfeiture/disposition to the issuer at $0.00 per share, resulting in no cash proceeds.
• The filing (Form 4) lists the disposition as pursuant to the applicable equity award agreements and a mutual Separation Agreement and General Release dated April 12, 2026, and notes Gibbs departed his role effective that date.

Key Details

• Transaction date: April 12, 2026; Form 4 filed April 14, 2026 (timely as reported).
• Transaction type/code: Disposition to issuer (forfeiture) — reported price $0.00; total proceeds $0.
• Shares disposed: 1,147,910 restricted shares.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: F1 confirms the shares were forfeited pursuant to equity award terms and the mutual Separation Agreement and General Release dated April 12, 2026.
• Remarks: Reporting person effective departure as Chief Data Center Officer on April 12, 2026.

Context

• This was a forfeiture of restricted stock tied to a separation agreement, not an open-market sale or a purchase; it does not generate proceeds for the insider and typically reflects contract terms on departure rather than a market sentiment signal.
• For retail investors, purchases or open-market sales by insiders generally carry clearer sentiment signals than forfeitures tied to employment termination.