Form 4: Riot Platforms Director Lance D'Ambrosio Receives 24,000 Restricted Shares

Director Lance D'Ambrosio was granted 24,000 restricted shares of Riot Platforms common stock on July 1, 2024, as part of the company's equity incentive plan.

Summary

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

Sentiment

Score: 7

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

Positives

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

Risks

• The restricted shares are subject to forfeiture if the director does not continue to serve with the Issuer through the vesting period.

Future Outlook

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

Industry Context

Grants of restricted stock are a common practice in the industry to incentivize and retain key personnel, aligning their interests with the long-term success of the company.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies, particularly in the technology and cryptocurrency sectors.
• The size and vesting schedule of the grant are likely benchmarked against similar roles and responsibilities at comparable companies.

Stakeholder Impact

• Shareholders may view the grant positively as it incentivizes the director to contribute to the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates