RIOT files Rule 144 to sell 150,000 shares ($2.56M) via J.P. Morgan

Riot Platforms, Inc. (RIOT) filed a Rule 144 notice reporting a proposed sale of 150,000 common shares through J.P.

Rhea-AI Filing Summary

Riot Platforms, Inc. (RIOT) filed a Rule 144 notice reporting a proposed sale of 150,000 common shares through J.P. Morgan Securities LLC, with an aggregate market value of $2,560,500. The filing lists the approximate sale date as 09/24/2025 and shows 369,623,180 shares outstanding. The shares were recorded as acquired on 07/12/2023 by transfer from Jason Les, who originally acquired them from the issuer on 06/01/2023. The filer also disclosed a prior sale on 07/21/2025 of 100,000 shares for gross proceeds of $1,511,786.80. The notice includes the standard Rule 144 certification regarding absence of undisclosed material adverse information.

Positive

• Rule 144 notice filed disclosing proposed sale of 150,000 shares
• Brokered through J.P. Morgan Securities LLC
• Includes acquisition history and recent prior sale (100,000 shares on 07/21/2025)

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider Rule 144 filing discloses a planned sale of 150,000 RIOT shares and a recent 100,000-share sale.

The filing is procedural and provides necessary market transparency about an insider-related transfer and planned secondary sale. The disclosed figures—150,000 shares proposed and 100,000 shares recently sold—are clearly stated and routed through a major broker, J.P. Morgan, which supports orderly execution. There is no financial performance data or new corporate action disclosed here; the material value relates solely to share disposition by an affiliate.

Compliance / Corporate Governance Expert

TL;DR: Filing meets Rule 144 requirements and includes transfer history and certification; no regulatory issues apparent from content.

The notice documents chain-of-title for the securities and includes the Rule 144 representation about material non-public information. It lists acquisition dates and prior sales, which aids compliance review. Absent additional context, the form appears complete for a Rule 144 notice and does not disclose any triggering governance or disclosure violations.

FAQ

What does RIOT's Form 144 disclose about the proposed sale?

The filing shows a proposed sale of 150,000 common shares through J.P. Morgan with an aggregate market value of $2,560,500 and an approximate sale date of 09/24/2025.

Who acquired the shares being sold and when were they acquired?

The shares were acquired by transfer on 07/12/2023 from Jason Les, who originally acquired them from the issuer on 06/01/2023.

Has the filer sold any RIOT shares recently?

Yes. The filing discloses a prior sale on 07/21/2025 of 100,000 shares for gross proceeds of $1,511,786.80.

How many RIOT shares are outstanding per the filing?

The filing reports 369,623,180 shares outstanding.

Which broker is handling the proposed sale?

The proposed sale is listed as to be handled by J.P. Morgan Securities LLC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/24/2025 - 04:53 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001721702
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Riot Platforms, Inc.
SEC File Number	001-33675
Address of Issuer	3855 Ambrosia Street, Suite 301 Castle Rock COLORADO 80109
Phone	303-794-2000
Name of Person for Whose Account the Securities are To Be Sold	Jason Les
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	CEO
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	J.P. Morgan Securities LLC 390 Madison Avenue - 6th Floor New York NY 10017	150000	2560500	369623180	09/24/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	07/12/2023	Transfer	Jason Les, who acquired from Issuer on 06/01/23.			150000	07/12/2023	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jason M. Les Trust Care of Riot Platforms Inc 3855 Ambrosia Street Suite 301 Castle Rock CO 80109	Common	07/21/2025	100000	1511786.8

144: Remarks and Signature

Remarks	The shares filed today will be sold by the Jason M. Les Trust, Jason Les as Trustee
Date of Notice	09/24/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/10/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Jason Les
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)