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Riot Platforms (RIOT) CAO Ryan Werner sells 25,375 shares in Rule 10b5-1 trade

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Riot Platforms, Inc. senior vice president and chief accounting officer Ryan D. Werner reported an open-market sale of common stock. He sold 25,375 shares on June 22, 2026 at a weighted average price of $30.00 per share, in multiple trades between $30.00 and $30.01.

After the sale, Werner directly owns 927,423 shares of Riot Platforms common stock, so the transaction represents a small portion of his holdings. The filing notes that these sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2025, indicating they were scheduled in advance rather than timed discretionarily.

Positive

  • None.

Negative

  • None.
Insider Werner Ryan D.
Role SVP, CAO
Sold 25,375 shs ($761K)
Type Security Shares Price Value
Sale Common Stock 25,375 $30.00 $761K
Holdings After Transaction: Common Stock — 927,423 shares (Direct, null)
Footnotes (1)
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2025. These shares were sold on the indicated date in a series of multiple transactions at prices ranging from $30.00 to $30.01, inclusive, per share. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transactions were effected.
Shares sold 25,375 shares Open-market sale on June 22, 2026
Sale price $30.00 per share Weighted average sale price
Price range $30.00–$30.01 per share Range of individual trade prices
Shares owned after 927,423 shares Direct holdings following transaction
Rule 10b5-1 plan adoption date December 2, 2025 Date trading plan was adopted
Net shares sold 25,375 shares Net change from this Form 4
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sales price financial
"The price reported above reflects the weighted average sales price"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Werner Ryan D.
(Last)(First)(Middle)
C/O RIOT PLATFORMS, INC.
85 RIO GRANDE DRIVE, SUITE 200
(Street)
CASTLE ROCK COLORADO 80104
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Riot Platforms, Inc. [ RIOT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, CAO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/22/2026S(1)25,375D$30(2)927,423D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2025.
2. These shares were sold on the indicated date in a series of multiple transactions at prices ranging from $30.00 to $30.01, inclusive, per share. The price reported above reflects the weighted average sales price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transactions were effected.
/s/ Tanya McGill, Attorney-in-Fact for Ryan Werner06/24/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did RIOT executive Ryan D. Werner report?

Ryan D. Werner reported selling 25,375 Riot Platforms common shares in the open market. The shares were sold at a weighted average price of $30.00, across multiple trades between $30.00 and $30.01 per share, as disclosed in a Form 4 filing.

At what price did Ryan D. Werner sell his RIOT shares?

Werner’s reported sales occurred at a weighted average price of $30.00 per share. The filing explains individual trades were executed in a narrow range between $30.00 and $30.01 per share, with the exact breakdown available upon request to the company or SEC staff.

How many Riot Platforms shares does Ryan D. Werner hold after this Form 4?

After the reported sale, Werner directly holds 927,423 Riot Platforms common shares. This post-transaction balance, shown in the Form 4, indicates the sale covered only a relatively small fraction of his overall reported direct ownership position in the company.

Was Ryan D. Werner’s RIOT stock sale made under a Rule 10b5-1 plan?

Yes. The filing states the sales were executed under a Rule 10b5-1 trading plan. That plan was adopted on December 2, 2025, meaning these transactions were pre-scheduled rather than opportunistic trades based on short-term market conditions or new company information.

What role does Ryan D. Werner hold at Riot Platforms (RIOT)?

Werner is identified in the filing as a senior vice president and chief accounting officer. This officer role makes his trading activity subject to Form 4 reporting requirements, providing public transparency around his ownership changes in Riot Platforms common stock.

Does the Form 4 mention multiple trade prices for the RIOT share sale?

Yes. The Form 4 notes that shares were sold in multiple transactions between $30.00 and $30.01 per share. The reported $30.00 figure is a weighted average, and the filer offers to provide full transaction details upon request to regulators or shareholders.