Form 4: Riot Platforms Director Hannah Cho Sells 15,000 Shares
SEC Form 4 Filing
Director Hannah Cho sold 15,000 shares of Riot Platforms (RIOT) common stock at a price of $17.42 on February 28, 2024.
Summary
- On February 28, 2024, Hannah Cho, a director of Riot Platforms, Inc., sold 15,000 shares of the company's common stock.
- The sale was executed at a price of $17.42 per share.
- Following the transaction, Cho directly owns 85,151 shares of Riot Platforms common stock.
- The filing also notes a correction for a rounding error in a previously reported total, adjusting the number of shares beneficially owned up by one.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Sales of shares by company directors are a normal part of corporate governance. It is difficult to assess the impact of this sale without knowing the director's overall investment strategy and holdings.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction and unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Hannah Cho sold 15,000 shares of Riot Platforms stock. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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