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  4. [Form 4] Riot Platforms, Inc. Insider Trading Activity

Riot Platforms (RIOT) CEO Jason Les sells 62,703 shares via 10b5-1 plan

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

Rhea-AI Filing Summary

Riot Platforms CEO Jason Les reported insider transactions involving the company’s common stock. An indirect entity associated with him, The Jason M. Les Trust dated March 8, 2021, completed an open-market sale of 62,703 shares on June 22, 2026 at a weighted average price of $30.09 per share, executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 25, 2025. Following these transactions, Les holds 7,942,573 shares directly and 1,263,556 shares indirectly through the trust, indicating he retains a substantial equity position in Riot Platforms after the planned sale.

Positive

  • None.

Negative

  • None.
Insider Les Jason
Role CEO
Sold 62,703 shs ($1.89M)
Type Security Shares Price Value
Sale Common Stock 62,703 $30.09 $1.89M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,263,556 shares (Indirect, See Footnote); Common Stock — 7,942,573 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 August 25, 2025. These shares were sold on the indicated date in a series of multiple transactions at prices ranging from $30.00 to $30.31, 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 held in trust by Jason M. Les, as Trustee of The Jason M. Les Trust dated March 8, 2021.
Shares sold 62,703 shares Open-market sale on June 22, 2026
Weighted average sale price $30.09 per share Riot Platforms common stock sale
Price range of sales $30.00–$30.31 per share Multiple transactions on sale date
Direct holdings after transaction 7,942,573 shares Common stock held directly by Jason Les
Indirect holdings after transaction 1,263,556 shares Common stock held through The Jason M. Les Trust
Rule 10b5-1 trading plan regulatory
"sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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_code_description: Sale in open market or private transaction"
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: See Footnote"
trust financial
"Shares held in trust by Jason M. Les, as Trustee of The Jason M. Les Trust"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
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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*
Les Jason
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
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)62,703D$30.09(2)1,263,556ISee Footnote(3)
Common Stock7,942,573D
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 August 25, 2025.
2. These shares were sold on the indicated date in a series of multiple transactions at prices ranging from $30.00 to $30.31, 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.
3. Shares held in trust by Jason M. Les, as Trustee of The Jason M. Les Trust dated March 8, 2021.
/s/ Tanya McGill, Attorney-in-Fact for Jason Les06/24/2026
** 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 Platforms (RIOT) CEO Jason Les report?

Riot Platforms CEO Jason Les reported an insider transaction where a trust associated with him sold 62,703 shares of common stock. The sale was executed as an open-market transaction under a pre-arranged Rule 10b5-1 trading plan adopted in August 2025.

At what price were the Riot Platforms (RIOT) shares sold in the reported transaction?

The reported sale involved 62,703 Riot Platforms shares at a weighted average price of $30.09 per share. The shares were sold in multiple trades between $30.00 and $30.31, with the weighted average price disclosed as $30.09 for the transaction.

Was the Riot Platforms (RIOT) insider sale by Jason Les pre-planned?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Jason Les on August 25, 2025. Such plans schedule trades in advance, making them more routine and reducing the significance of the exact sale timing.

How many Riot Platforms (RIOT) shares does Jason Les hold after this Form 4?

After the reported transactions, Jason Les holds 7,942,573 Riot Platforms shares directly and 1,263,556 shares indirectly through a trust. These holdings show that despite the sale, he continues to maintain a large equity stake in the company.

Who actually held the Riot Platforms (RIOT) shares sold in the Form 4 transaction?

The sold shares were held in trust by Jason M. Les, as Trustee of The Jason M. Les Trust dated March 8, 2021. This means the transaction involved indirect ownership through the trust rather than only personally held shares by Les.