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Riot Platforms (RIOT) CEO has 101,015 shares withheld for tax on vesting

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

Rhea-AI Filing Summary

Riot Platforms, Inc. CEO Jason Les reported a compensation-related share disposition tied to tax obligations, rather than an open-market trade. On the reported date, the issuer withheld 101,015 shares of common stock at $23.96 per share to satisfy tax withholding requirements when restricted shares vested.

Following this tax-withholding disposition, Les directly held 7,841,558 shares of Riot Platforms common stock. He also had an additional 1,263,556 shares held indirectly in a trust identified as The Jason M. Les Trust dated March 8, 2021. No option exercises or open-market buys or sells were reported in this filing.

Positive

  • None.

Negative

  • None.
Insider Les Jason
Role CEO
Type Security Shares Price Value
Tax Withholding Common Stock 101,015 $23.96 $2.42M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 7,841,558 shares (Direct, null); Common Stock — 1,263,556 shares (Indirect, See Footnote)
Footnotes (1)
  1. Represents shares withheld by the Issuer to satisfy tax withholding requirements upon vesting of restricted shares of the Issuer's common stock. Shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.
Tax-withheld shares 101,015 shares Shares withheld to satisfy tax withholding on vested restricted stock
Tax-withholding price $23.96 per share Value used for 101,015 shares withheld for tax obligations
Direct holdings after transaction 7,841,558 shares Riot Platforms common stock directly held by Jason Les after transaction
Indirect trust holdings 1,263,556 shares Common shares held in The Jason M. Les Trust dated March 8, 2021
Tax-withholding transactions 1 transaction Form 4 shows one F-code tax-withholding disposition
Tax-withholding shares total 101,015 shares Total shares classified as tax withholding in transaction summary
restricted shares financial
"upon vesting of restricted shares of the Issuer's common stock"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
tax withholding requirements financial
"shares withheld by the Issuer to satisfy tax withholding requirements upon vesting"
trustee financial
"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.
Form 4 regulatory
"Riot Platforms reported a Form 4 showing CEO Jason Les had 101,015 shares withheld"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did Riot Platforms (RIOT) disclose for CEO Jason Les?
Riot Platforms reported a Form 4 showing CEO Jason Les had 101,015 shares withheld to cover taxes on vested restricted stock. This tax-withholding disposition was priced at $23.96 per share and was not an open-market purchase or sale.

How many Riot Platforms (RIOT) shares were withheld for Jason Les’s taxes?
The company withheld 101,015 shares of Riot Platforms common stock to satisfy Jason Les’s tax withholding requirements. These shares related to the vesting of restricted stock and were valued at $23.96 per share for tax purposes in the reported transaction.

How many Riot Platforms (RIOT) shares does Jason Les hold after this Form 4?
After the reported tax-withholding disposition, Jason Les directly holds 7,841,558 Riot Platforms common shares. He also has 1,263,556 additional shares held indirectly in The Jason M. Les Trust dated March 8, 2021, according to the filing’s ownership table.

Was the Riot Platforms (RIOT) CEO’s Form 4 an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Riot Platforms withheld 101,015 shares from vested restricted stock to pay tax obligations, a routine administrative event rather than a discretionary trade in the open market.

What does the ‘F’ transaction code mean in the Riot Platforms (RIOT) Form 4?
The “F” code in the Form 4 indicates shares delivered to pay an exercise price or tax liability. For Riot Platforms’ CEO Jason Les, it reflects 101,015 shares withheld by the issuer to cover tax withholding requirements on vested restricted stock awards.

How many Riot Platforms (RIOT) shares does Jason Les hold indirectly through a trust?
The filing reports 1,263,556 Riot Platforms common shares held indirectly in a trust. These shares are held in The Jason M. Les Trust, with Jason M. Les as trustee, as described in a footnote accompanying the ownership information.
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).
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)
07/01/2026		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 Stock07/01/2026F101,015(1)D$23.967,841,558D
Common Stock1,263,556ISee Footnote(2)
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. Represents shares withheld by the Issuer to satisfy tax withholding requirements upon vesting of restricted shares of the Issuer's common stock.
2. Shares held in trust by Jason M. Les, Trustee of The Jason M. Les Trust, dated March 8, 2021.
/s/ Tanya McGill, Attorney-in-Fact for Jason Les07/06/2026
** 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