Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity

Stockholders’ Equity
9 Months Ended
Sep. 30, 2022
Stockholders' Equity Note [Abstract]  
Stockholders’ Equity

Note 13. Stockholders’ Equity


Preferred stock: 


During the nine months ended September 30, 2022, the remaining 2,199 shares of the Company’s 0% Series B Convertible Preferred Stock were converted to 2,199 shares of its common stock.


At-the-Market Equity Offering:


During the nine months ended September 30, 2022, in connection with the At-the-Market Sales Agreement between the Company and its Sales Agents, the Company received gross proceeds of approximately $304.9 million ($298.4 million net of $6.5 million in expenses) from the sale of 37,052,612 shares of common stock, at a weighted average price of $8.23 per share.


Common Stock: 


During the nine months ended September 30, 2022, 1,648,861 shares of common stock were issued to the Company’s officers and employees in settlement of an equal number of fully vested restricted stock units awarded to such individuals by the Company pursuant to grants made under the Riot Blockchain, Inc. 2019 Equity Incentive Plan, as amended from time to time (the “2019 Equity Plan”). The Company withheld 642,897 of these shares at a fair value of approximately $9.9 million, to cover taxes related to the settlement of these vested restricted stock units, as permitted by the 2019 Equity Plan. See Note 14. “Restricted Common Stock, Stock Options, Restricted Stock Units and Warrants” to these unaudited Notes to Condensed Consolidated Financial Statements.