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RIOT CEO/Director files Form 4/A adding Power of Attorney for 1,019,911 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

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.

Positive

  • Disclosure updated with Power of Attorney (Exhibit 24), improving record completeness
  • Insider position quantified: indirect beneficial ownership of 1,019,911 shares

Negative

  • None.

Insights

TL;DR: Amendment attaches a Power of Attorney and confirms indirect beneficial ownership of 1,019,911 shares.

The report shows Jason Les holds 1,019,911 shares indirectly through a named trust, and the filing was amended to add a Power of Attorney (Exhibit 24). This clarifies the legal paperwork around the reported ownership rather than signaling a new economic transaction.

Key dependencies include the trust structure and the documented authority granted by the power of attorney; neither the amendment nor the Form 4 shows any change in economic exposure or derivative positions. Investors monitoring executive holdings can treat this as an administrative correction with a clear 07/01/2025 transaction reference and an amendment executed on 07/02/2025, signed by an attorney‑in‑fact on 10/10/2025.

Insider Les Jason
Role CEO
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,019,911 shares (Indirect, See Footnote)
Footnotes (1)
  1. This Form 4 amendment is being filed solely to add the Power of Attorney, attached as Exhibit 24. Shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Les Jason
(Last) (First) (Middle)
C/O RIOT PLATFORMS, INC.
3855 AMBROSIA STREET, SUITE 301
(Street)
CASTLE ROCK CO 80109
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Riot Platforms, Inc. [ RIOT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
07/02/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 1,019,911 I See Footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This Form 4 amendment is being filed solely to add the Power of Attorney, attached as Exhibit 24.
2. Shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Tanya McGill, Attorney-in-Fact for Jason Les 10/10/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What does the Form 4/A for RIOT disclose about Jason Les's holdings?

The amendment discloses indirect beneficial ownership of 1,019,911 shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust dated March 8, 2021.

Why was the Form 4 amended for RIOT (Jason Les)?

The Form 4/A was filed to add the Power of Attorney (Exhibit 24), per the filing's explanation of responses.

What roles does the reporting person hold at Riot Platforms?

The filing lists Jason Les as both a Director and the company's CEO.

What are the key dates noted in the Form 4/A filing?

The earliest transaction date is 07/01/2025, the original amendment date shown is 07/02/2025, and the signature by attorney‑in‑fact is dated 10/10/2025.

Are there any derivative securities or changes in direct holdings reported?

No derivative securities are reported and the filing shows the securities are held indirectly through a trust; no new direct acquisitions or disposals are listed.