Form 4: Riot Platforms Director Hannah Cho Receives 24,000 Shares of Restricted Stock

Hannah Cho, a director at Riot Platforms, Inc., was granted 24,000 shares of restricted common stock on July 1, 2024, as part of the company's 2019 Equity Incentive Plan.

Summary

• On July 1, 2024, Hannah Cho, a director of Riot Platforms, Inc., received 24,000 shares of restricted common stock.
• The grant was made under the company's 2019 Equity Incentive Plan, as amended.
• These shares are compensation for her service on the Issuer's Board of Directors through July 1, 2025.
• The shares are subject to vesting, occurring in four equal quarterly tranches after the grant date, contingent upon her continued service with the company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating confidence in the director's continued service and alignment with shareholder interests.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Risks

• The value of the restricted stock is subject to the performance of Riot Platforms' stock price.
• If Hannah Cho ceases to serve on the board, unvested shares will be forfeited.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Equity grants are a common practice in the technology and cryptocurrency industries to attract and retain talent, aligning their interests with the long-term success of the company.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies.
• The size of the grant is likely benchmarked against peer companies in the cryptocurrency and blockchain space to ensure competitive compensation for board service.
• Companies like Marathon Digital Holdings and Hut 8 Mining Corp. also utilize equity grants as part of their compensation packages for directors and executives.

Stakeholder Impact

• Shareholders may view the equity grant as a positive sign, aligning the director's interests with the company's long-term success.
• The grant incentivizes the director to contribute to the company's growth and profitability.

Key Dates