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Riot Platforms, Inc. [RIOT]

Reporting date: 10/10/2025

⚠️ Neutral Insider Sale Detected

📝 What Happened

  • Insider: Werner Ryan D.
  • Role: SVP, CAO (Senior Vice President / Chief Accounting Officer)
  • Company: Riot Platforms, Inc. (RIOT)
  • Transaction Date(s): 2025-10-10
  • Table I (Non-Derivative Securities)
    • Sale : 14,984 shares
    • Average Sale Price: $23.00
    • Total Value: $344,632.00
    • Post-Transaction Direct Holdings: 822,775 shares
    • Indirect Holdings: none reported
    • 10b5-1 Plan Used? Yes (footnote: sales effected pursuant to a Rule 10b5-1 trading plan)

📄 Summary

Werner Ryan D., SVP, CAO at Riot Platforms, Inc. (RIOT), sold 14,984 shares on October 10, 2025, at an average price of $23.00, realizing proceeds of about ~$344,632.00. After the transaction, he now holds 822,775 direct shares and reports no indirect holdings. For retail traders, this is a neutral-to-slightly bearish event: routine, pre-planned sale under a 10b5-1 plan, minimal relative size.

🔑 Interpretation

Brief interpretation of the filing and trade context below.

  • Type: Rule 10b5-1 plan sale — pre-arranged, non-discretionary (not an ad-hoc discretionary sale).
  • Disposition: Shares were sold pursuant to the 10b5-1 plan on the reported date (i.e., executed as planned, not an open-market discretionary dump).
  • Size Context: The sale of 14,984 shares represents roughly ~1.8% of the pre-transaction holdings (≈14,984 / 837,759), a small, routine reduction consistent with scheduled profit-taking rather than a large divestiture.
  • ATH Metric: Using recent price context up through the day before the filing as a reference, the $23.00 execution price is not near historic all-time highs or all-time lows for RIOT (the sale appears to be executed at a mid-range price relative to the stock’s longer-term history), so timing does not obviously coincide with an all-time extreme or opportunistic peak/valley.
  • Outlier Check: This sale is not unusually large relative to the insider's remaining holdings and is consistent with a scheduled 10b5-1 plan; not an outlier-sized disposition.

📊 Bullish or Bearish?

Neutral

Neutral. The filing shows a planned 10b5-1 sale (code S, acquired/disposed code D) of a small percentage of holdings; this looks like routine, pre-arranged profit-taking rather than an opportunistic insider sell-off. Data completeness is good for this transaction, but cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine profit-taking executed under a 10b5-1 plan rather than a contrarian bearish signal. For retail traders, it’s noise — not a clear short-/mid-term trade signal unless corroborated by material sales from multiple senior insiders or changes in company fundamentals.