Riot Platforms, Inc. Insider Trading Activity

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Werner Ryan D.

Role SVP, CAO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	12,965	$11.27	$146K
Grant/Award	Common Stock	66,548	$0.00	$0.00
Grant/Award	Common Stock	133,097	$0.00	$0.00

Holdings After Transaction: Common Stock — 841,506 shares (Direct)

Footnotes (3)

1. F1. Represents shares withheld by the Issuer to cover tax withholding obligations upon vesting of restricted shares of the Issuer's common stock.
2. F2. Represents the award of service-based restricted shares under the Issuer's Long-Term Incentive Program ("LTIP"). These shares are eligible to vest, if at all, in three approximately equal tranches as of January 1, 2026, January 1, 2027, and January 1, 2028, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
3. F3. Represents an award of performance-based restricted shares under the LTIP at the maximum achievable amount of up to 200% of the award target amount of 66,548 shares. Such shares are eligible to vest, if at all, at the end of the three-year performance period from January 1, 2025 through December 31, 2027, upon certification by the Compensation and Human Resources Committee, and subject to the Reporting Persons continued service with the Issuer through January 1, 2028.

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Accepted by SEC EDGAR 07/03/2025 - 04:30 PM EDT Learn about SEC filing dates

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).

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.

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CAO

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/01/2025		F		12,965(1)	D	$11.27	641,861	D
Common Stock	07/01/2025		A		66,548(2)	A	$0	708,409	D
Common Stock	07/01/2025		A		133,097(3)	A	$0	841,506	D

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. Represents shares withheld by the Issuer to cover tax withholding obligations upon vesting of restricted shares of the Issuer's common stock.

2. Represents the award of service-based restricted shares under the Issuer's Long-Term Incentive Program ("LTIP"). These shares are eligible to vest, if at all, in three approximately equal tranches as of January 1, 2026, January 1, 2027, and January 1, 2028, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

3. Represents an award of performance-based restricted shares under the LTIP at the maximum achievable amount of up to 200% of the award target amount of 66,548 shares. Such shares are eligible to vest, if at all, at the end of the three-year performance period from January 1, 2025 through December 31, 2027, upon certification by the Compensation and Human Resources Committee, and subject to the Reporting Persons continued service with the Issuer through January 1, 2028.

	/s/ Tanya McGill, Attorney-in-Fact for Ryan Werner	07/03/2025
	** 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.