Riot Platforms (RIOT) CEO has 2.9M shares withheld for taxes
Rhea-AI Filing Summary
Riot Platforms, Inc. CEO and director Jason Les reported a tax-related share withholding. On July 31, 2026, the company withheld 2,896,921 shares of common stock at $20.17 per share to satisfy tax withholding obligations tied to the vesting of performance-based restricted stock under its Long-Term Incentive Program, leaving 4,944,637 shares held directly and 1,263,556 shares held indirectly through a trust.
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Insights
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Insider Trade Summary
Net Seller: 2,896,921 shares
Net Sell
2 txns
Insider
Les Jason
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,896,921 | $20.17 | $58.43M |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,944,637 shares (Direct);
Common Stock — 1,263,556 shares (Indirect, See Footnote)
Footnotes (2)
- F1. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of performance-based restricted stock previously granted to the Reporting Person under the Issuer's Long-Term Incentive Program. The vesting of such shares was subject to the Issuer's achievement of certain performance objectives.
- F2. Shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.
Key Figures
Shares withheld for taxes: 2896921.0000 shares
Per-share value for withholding: $20.1700 per share
Direct holdings after transaction: 4944637.0000 shares
+2 more
5 metrics
Shares withheld for taxes
2896921.0000 shares
Common Stock withheld on 2026-07-31 to satisfy tax withholding obligations
Per-share value for withholding
$20.1700 per share
Value applied to performance-based restricted stock withheld for taxes
Direct holdings after transaction
4944637.0000 shares
Common Stock directly held by Jason Les following the withholding event
Indirect holdings in trust
1263556.0000 shares
Common Stock held in The Jason M. Les Trust, with Jason M. Les as trustee
Shares tied to tax liability events
2896921 shares
Total shares reported in exercisePriceOrTaxLiabilityShares for code F transaction
Key Terms
performance-based restricted stock, Long-Term Incentive Program, tax withholding obligations, trustee
4 terms
performance-based restricted stock financial
"vesting of performance-based restricted stock previously granted to the Reporting Person"
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
Long-Term Incentive Program financial
"previously granted to the Reporting Person under the Issuer's Long-Term Incentive Program"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting"
trustee other
"Shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RIOT CEO Jason Les report?
CEO Jason Les reported a tax-related share withholding. Riot Platforms withheld shares of common stock to satisfy his tax obligations on vested performance-based restricted stock granted under the company’s Long-Term Incentive Program, rather than executing an open-market stock sale.
What type of equity award vested for RIOT CEO Jason Les?
The transaction relates to performance-based restricted stock that vested for Jason Les. These shares were granted under Riot Platforms’ Long-Term Incentive Program and vested upon the company achieving specified performance objectives, which then created the associated tax withholding obligation.