Form 4: Riot Platforms CEO Jason Les Reports Routine Stock Transaction for Tax Withholding

Riot Platforms, Inc. CEO Jason Les reported a disposition of 101,610 shares of common stock at $11.27 per share to satisfy tax withholding requirements upon the vesting of restricted shares.

Summary

• Jason Les, CEO and Director of Riot Platforms, Inc. (RIOT), reported a transaction on July 1, 2025.
• The transaction involved the disposition of 101,610 shares of Riot Platforms Common Stock.
• The shares were disposed of at a price of $11.27 per share.
• This disposition was coded as 'F', indicating shares withheld by the Issuer to satisfy tax withholding requirements upon the vesting of restricted shares of the Issuer's common stock.
• Following this transaction, Jason Les directly beneficially owns 7,253,244 shares of Common Stock.
• Additionally, 1,019,911 shares are indirectly beneficially owned, held in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.

Sentiment

Score: 5

Explanation: The document reports a routine, non-discretionary transaction related to executive compensation and tax withholding, which is neutral in terms of company performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across all industries for publicly traded companies when restricted stock units vest. It does not provide specific insights into broader industry trends or competitive landscape.

Comparison to Industry Standards

• The disposition of shares for tax withholding upon vesting of restricted stock is a standard practice for executive compensation in publicly traded companies, aligning with common industry benchmarks for equity-based compensation plans.
• The reported transaction is a non-discretionary event, typical for executives receiving equity compensation, and is not indicative of a discretionary sale or purchase based on market sentiment.

Related Party Transactions

• The transaction involves the disposition of shares by Jason Les, CEO and Director, to Riot Platforms, Inc. (the Issuer) for tax withholding purposes, which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The transaction is a routine administrative event and is unlikely to have a direct material impact on shareholders, as it reflects a standard mechanism for executive equity compensation and tax compliance.
• Employees: No direct impact on employees beyond the executive involved.

Key Dates

Keywords

Riot Platforms, RIOT, Jason Les, SEC Form 4, Stock Transaction, Tax Withholding, Restricted Stock Units, Insider Trading, Beneficial Ownership