Riot Platforms insider report: 16,103 restricted shares awarded to director
Rhea-AI Filing Summary
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).
Positive
- 16,103 restricted shares granted to a director, aligning incentives with shareholders
- Total beneficial ownership increased to 60,544 shares following the grant
- Award vests in four scheduled tranches on 09/30/2025, 12/31/2025, 03/31/2026, and 06/30/2026
Negative
- None.
Insights
Director received time‑based restricted shares, aligning interests with shareholders.
The reporting shows a time‑based equity grant of 16,103 restricted shares exercisable at $0, which vests in four approximately equal tranches through 06/30/2026. This is a common retention mechanism for board members tying future compensation to continued service.
Key dependencies include continued board service to each vesting date and the absence of performance conditions; monitor the 09/30/2025 tranche timing and total post‑vest ownership of 60,544 shares for potential governance or dilution implications over the next 09/30/2025–06/30/2026.
Amendment mainly adds a Power of Attorney and clarifies the restricted share award details.
The filing amends a prior Form 4 to include Exhibit 24 and to record the grant date as 07/11/2025. The shares were reported as acquired with code V and a $0 price, consistent with a restricted stock award issued under the 2019 Equity Incentive Plan.
Because the shares are unvested until scheduled dates, they currently carry transfer restrictions; investors monitoring insider activity should note each vesting date (09/30/2025, 12/31/2025, 03/31/2026, 06/30/2026) for potential future open‑market sales or disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,103 | $0.00 | -- |
Footnotes (1)
- This Form 4 amendment is being filed solely to add the Power of Attorney, attached as Exhibit 24. Represents an award of restricted shares of the Issuer's common stock, no par value per share, granted to the Reporting Person under the Issuer's 2019 Equity Incentive Plan, as amended, as of the indicated date, in connection with service on the Issuer's Board of Directors through June 30, 2026. These shares are eligible to vest, if at all, in four approximately equal tranches on September 30, 2025, December 31, 2025, March 31, 2026, and June 30, 2026, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates.
