Form 4: Riot Platforms Director Jaime Leverton Awarded 12,000 Restricted Stock Units

Director Jaime Leverton receives 12,000 restricted stock units (RSUs) from Riot Platforms, Inc. vesting in two tranches in March and June 2025.

Summary

• Jaime Leverton, a director at Riot Platforms, Inc., was awarded 12,000 restricted stock units (RSUs) on February 21, 2025.
• The RSUs are service-based and will vest in two equal tranches on March 31, 2025, and June 30, 2025.
• Vesting is contingent upon Leverton's continued service with Riot Platforms through the vesting dates.
• Each RSU represents the right to receive one share of Riot Platforms' common stock upon vesting and settlement.
• Following this transaction, Leverton directly holds 12,000 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The award of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Risks

• The value of the RSUs is dependent on the future performance of Riot Platforms' stock.
• If Jaime Leverton leaves the company before the vesting dates, the unvested RSUs will be forfeited.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity compensation is common in the technology and cryptocurrency industries to attract and retain talent and align management interests with shareholders.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies, particularly in growth-oriented sectors like technology and cryptocurrency.
• Companies like Marathon Digital Holdings (MARA) and Hut 8 Mining Corp (HUT) also utilize stock options and RSUs as part of their compensation packages for directors and executives.
• The specific amount and vesting schedule of RSUs can vary widely based on the company's size, performance, and compensation philosophy.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning director interests with company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates