Jason M. Les Trust plans sale of 250,000 RIOT shares (RIOT)

Rhea-AI Filing Summary

Jason M. Les Trust submitted a Form 144 notice to sell 250,000 shares of Common Stock. The filing shows a prior sale of 175,000 shares on 05/11/2026. Shares outstanding were reported as 378,151,230 as of 06/22/2026.

The shares to be sold were acquired upon RSU/RSA vesting on 06/01/2023; the filing lists a planned transfer/sale action dated 07/12/2023.

Insights

Securities Attorney

Notice filed under Rule 144 for resale by an affiliate; timing and past sales disclosed.

The filing is a Rule 144 notice indicating an affiliate intends to sell up to 250,000 shares. It explicitly lists a prior sale of 175,000 shares on 05/11/2026, which is relevant to the resale volume calculation and any volume limitations under Rule 144.

Market-impact and availability of exemption depend on holding periods and the issuer's public information status; subsequent disclosures or broker confirmations will show execution details.

Equity Capital Markets Analyst

Planned resale size and recent disposals provide limited short-term supply signal.

The notice lists 250,000 shares proposed for sale and a recent sale of 175,000 shares, both explicit in the excerpt. With 378,151,230 shares outstanding as of 06/22/2026, the amounts are small relative to total shares outstanding.

Execution method, timing, and whether sales occur on-market or via block trades are not disclosed; subsequent transaction reports will show actual market activity.

Key Figures

Proposed sale: 250,000 shares Recent sale: 175,000 shares Shares outstanding: 378,151,230 shares

3 metrics

Proposed sale 250,000 shares Amount listed as securities to be sold

Recent sale 175,000 shares Securities sold during the past 3 months on 05/11/2026

Shares outstanding 378,151,230 shares Outstanding as of 06/22/2026

Key Terms

Form 144, RSU/RSA, Securities Sold During The Past 3 Months

3 terms

Form 144 regulatory

"submitted a Form 144 notice to sell up to 250,000 shares"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

RSU/RSA financial

"acquired as RSU/RSA vests from Issuer on 06/01/23"

Securities Sold During The Past 3 Months regulatory

"Securities Sold During The Past 3 Months 175000 05/11/2026"

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Available on EDGAR 06/22/2026 - 04:49 PM Accepted by SEC EDGAR 06/22/2026 - 04:48 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
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

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 Stock	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	250000	7025000	378151230	06/22/2026	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 as RSU/RSA vests from Issuer on 06/01/23.			250000	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 C/o Riot Platforms, Inc. 3855 Ambrosia Street Suite 301 Castle Rock CO 80109	Common Stock	05/11/2026	175000	4408667

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the RIOT Form 144 filed by Jason M. Les Trust report?

The filing reports a proposed sale of 250,000 shares of Common Stock and a prior sale of 175,000 shares on 05/11/2026. It also lists shares outstanding as 378,151,230 as of 06/22/2026.

Does the Form 144 state how the 250,000 RIOT shares were acquired?

Yes. The excerpt states the shares were acquired as RSU/RSA vests from the issuer on 06/01/2023, which is shown in the transfer description tied to the proposed sale.

Has the filing shown recent sales by the same holder for RIOT?

The filing lists a sale of 175,000 shares on 05/11/2026 under 'Securities Sold During The Past 3 Months', indicating recent disposals by the reporting trust.

What is the scale of the proposed sale relative to RIOT's outstanding shares?

The proposed sale is 250,000 shares versus reported outstanding shares of 378,151,230 as of 06/22/2026, making the notice a small fraction of total shares outstanding.