4/A: Riot Platforms Amends Form 4 for Executive Tax Withholding
Amendment to Beneficial Ownership Statement
Riot Platforms, Inc. filed an amended Form 4 to include a Power of Attorney related to the disposition of shares by SVP Ryan D. Werner for tax withholding.
Summary
- An amendment to a previously filed Form 4 was submitted by Riot Platforms, Inc. on October 10, 2025.
- The sole purpose of this amendment is to add a Limited Power of Attorney as Exhibit 24.
- The original transaction reported involved Ryan D. Werner, SVP, CAO, disposing of 12,965 shares of Riot Platforms, Inc. common stock on July 1, 2025.
- These shares were withheld by the company to cover tax withholding obligations upon the vesting of restricted shares of the Issuer's common stock.
- The disposition occurred at a price of $11.27 per share.
- Following this reported transaction, Ryan D. Werner beneficially owns 641,861 shares.
- The Limited Power of Attorney, signed on October 8, 2025, authorizes William R. Jackman (General Counsel), Jamie Amentler (Associate General Counsel), and Tanya McGill (Securities Associate) to prepare, sign, and submit SEC filings (Form ID, Schedules 13D/G, Forms 3, 4, 5) on behalf of Ryan D. Werner.
Sentiment
Score: 5
Explanation: The filing is administrative, reporting a routine tax withholding event and the addition of a Power of Attorney, indicating a neutral impact on company sentiment.
Future Outlook
NA
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-Fact | NA | William R. Jackman (General Counsel) | October 8, 2025 | Appointment to prepare, sign, and submit SEC filings on behalf of Ryan D. Werner. |
| Attorney-in-Fact | NA | Jamie Amentler (Associate General Counsel) | October 8, 2025 | Appointment to prepare, sign, and submit SEC filings on behalf of Ryan D. Werner. |
| Attorney-in-Fact | NA | Tanya McGill (Securities Associate) | October 8, 2025 | Appointment to prepare, sign, and submit SEC filings on behalf of Ryan D. Werner. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Limited Power of Attorney | Ryan D. Werner granted a Limited Power of Attorney to specific legal personnel to handle his SEC beneficial ownership filings (Forms 3, 4, 5, Schedules 13D/G). | October 8, 2025 | Enhances corporate governance by formalizing the process for executive SEC compliance filings, ensuring timely and accurate reporting and administrative efficiency. |
Stakeholder Impact
- Shareholders: Minimal direct impact, as the transaction is a routine tax withholding and the amendment is administrative.
- Management: Increased administrative efficiency for Ryan D. Werner regarding SEC filing compliance due to the Power of Attorney.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of transaction where shares were disposed for tax withholding. |
| 07/03/2025 | Date the original Form 4 was filed. |
| 10/08/2025 | Date Ryan D. Werner signed the Limited Power of Attorney. |
| 10/10/2025 | Date the amended Form 4 (4/A) was filed. |
Keywords
Riot Platforms, RIOT, SEC Form 4/A, Beneficial Ownership, Tax Withholding, Restricted Stock, Power of Attorney, Executive Compensation, Ryan D. Werner
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