Riot Platforms Ord Shs SEC Filings

Riot Platforms, Inc. is implementing a planned finance leadership transition and broad changes to executive compensation and long-term incentives. Effective March 1, 2026, current CFO Colin Yee will step down and become Senior Advisor through at least January 1, 2028, receiving a $500,000 annual base fee for 12 months after the transition, then $20,000 per month, plus $2,000,000 in service-based restricted stock units vesting in two tranches through January 1, 2028. Executive Vice President and Head of Corporate Development & Strategy Jason Chung will become CFO on the same date.

The Compensation Committee also revamped the Long-Term Incentive Program so that service awards vest over three years and performance awards now include a total shareholder return cap if absolute TSR is negative and use a 60-trading day average price over a three-year period versus the Russell 3000 Index. Executive employment agreements were amended, raising base salaries for key officers, including increases for the CEO and Executive Chairman from $600,000 to $900,000 and removing the Bitcoin component of their pay, and adjusting Annual Incentive Plan metrics to emphasize data center revenue, NOI, and data center strategy execution.

Riot Platforms (RIOT) reported a strong Q3 2025 turnaround. Total revenue rose to $180.2 million from $84.8 million a year ago, and net income reached $104.5 million versus a prior-year loss. Bitcoin Mining drove results with $160.8 million in revenue. Operating income was $80.1 million, helped by a $133.1 million fair value gain on bitcoin and $30.6 million of power curtailment credits, partly offset by $82.9 million of depreciation and an impairment charge of $15.3 million tied to a shift in Corsicana toward data center use.

Cash and cash equivalents were $330.7 million, with total assets of $4.48 billion and stockholders’ equity of $3.50 billion. The company held 19,287 bitcoin valued at $2.20 billion, including 3,300 restricted. Shares outstanding were 371,807,186 as of October 29, 2025.

Year-to-date, operating cash flow was an outflow of $467.4 million, while financing provided $443.8 million, including a $200.0 million credit facility and $199.6 million from at-the-market share sales. Notably, on April 28, 2025, Riot settled and terminated legacy Rhodium hosting agreements and acquired assets and 125 MW capacity for $185.0 million, recognizing a $158.1 million loss on contract settlement.

Riot Platforms, Inc. furnished an update on its business and financial results for the three months ended September 30, 2025. The company posted a press release and a Q3 2025 earnings deck on its Investor Relations website and attached them to this report as Exhibits 99.1 and 99.2. The information under Item 2.02 is furnished, not filed, and is not incorporated by reference into other filings except as expressly referenced.

Riot Platforms, Inc. reported an amended Form 4 showing an officer disposition of common stock. On 07/01/2025 the reporting person sold 20,345 shares at a per‑share price of $11.27, reducing their direct holdings to 802,785 shares.

The amendment filed on 07/03/2025 adds a Power of Attorney (Exhibit 24) and explains the sold shares were withheld by the issuer to cover tax withholding upon vesting of restricted shares. The form is signed by an attorney‑in‑fact on 10/10/2025.

Colin M. Yee, Executive Vice President and Chief Financial Officer of Riot Platforms, Inc. (RIOT), reported an amended Form 4 showing the settlement of 83,752 restricted stock units into common stock on 07/01/2025. The RSUs converted one-for-one at a $0 price upon settlement, increasing the reporting person’s beneficial ownership to 1,957,513 shares. The amendment notes the filing was updated to include a Power of Attorney and clarifies the original grant schedule: the RSUs were granted on 07/01/2024 and were eligible to vest in three approximately equal annual tranches on 07/01/2025, 07/01/2026, and 07/01/2027, subject to continued service. The Form 4/A lists the earliest transaction date as 07/01/2025 and bears an attorney-in-fact signature dated 10/10/2025.

William Jackman, Executive Vice President and General Counsel of Riot Platforms, Inc. (RIOT), amended a Form 4 to report insider sales executed on 09/10/2025. The filing shows 248,168 shares sold at a weighted average price of $15.78 per share (individual trades ranged $15.69–$15.885). After the sales, the reporting person directly owns 2,261,157 shares. The amendment also adds a Power of Attorney as Exhibit 24. The document is a routine Section 16 disclosure showing a material sale by a named officer and clarifies execution/pricing details rather than revealing new compensation or company financial results.

Riot Platforms, Inc. insider Jason Les filed an amended Form 4 disclosing indirect ownership of 1,019,911 shares of common stock and an internal administrative change to the filing. The earliest reported transaction date is 07/01/2025, and the amendment date is 07/02/2025. The amendment adds a Power of Attorney as Exhibit 24 and notes that the shares are held in trust by Jason M. Les, Trustee of The Jason M. Les Trust dated March 8, 2021. The filing identifies Les as both CEO and a Director, and the Form 4 amendment was signed by an attorney‑in‑fact on 10/10/2025. This is a routine disclosure of beneficial ownership and an administrative supplement to attach the power of attorney.

Reporting person: Lance Varro D'Ambrosio, a director of Riot Platforms, Inc. (RIOT), amended a prior filing to add a Power of Attorney and to disclose a restricted stock award. On 07/11/2025 he was granted 16,103 restricted shares at a $0 purchase price, increasing his beneficial ownership to 60,544 shares. The award vests in four approximately equal tranches (each ~25%) on 09/30/2025, 12/31/2025, 03/31/2026, and 06/30/2026, subject to continued board service through each vesting date. The amendment was filed to attach Exhibit 24 (Power of Attorney).

Riot Platforms, Inc. director and senior finance officer Ryan D. Werner reported the sale of 14,984 shares of common stock on 10/10/2025 at $23 per share. The filing shows 822,775 shares remained beneficially owned after the transaction. The report notes the sales were made under a Rule 10b5-1 trading plan adopted on 12/13/2024, indicating the transactions followed a pre-established plan rather than ad hoc decisions. The filing was submitted by an attorney-in-fact on behalf of the reporting person.