Form 4: Riot Platforms CEO Jason Les Reports Stock Transaction
SEC Form 4 Filing
Riot Platforms CEO Jason Les surrendered shares to cover tax liabilities related to vesting restricted stock.
Summary
- On June 1, 2024, Jason Les, CEO of Riot Platforms, surrendered 797,890 shares of common stock to cover tax liabilities.
- The shares were surrendered at a price of $9.75 per share.
- This transaction was related to the vesting of 1,485,884 restricted shares previously granted to Mr. Les under the company's 2019 Equity Incentive Plan.
- Following the transaction, Mr. Les directly owns 6,256,700 shares of Riot Platforms common stock.
- Mr. Les also indirectly owns 1,069,911 shares held in trust by The Jason M. Les Trust, dated March 8, 2021.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the shares being returned to the company.
Key Dates
| Date | Description |
|---|---|
| March 8, 2021 | Date of The Jason M. Les Trust |
| June 1, 2024 | Date of stock transaction (surrender of shares) |
| June 3, 2024 | Date of signature on the Form 4 filing |
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