Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 516

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 516
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, (D) a target annual stock bonus beginning in 2025 equal to 100% of Mr. Gutterman’s base salary, which may be paid in the Company’s performance stock units or restricted stock units (“RSUs”) and which shall be subject to vesting conditions following the grant of such units, (E) a recommendation to the Board that the Board make a sign -onequity grant valued at $1,000,000 in the form RSUs calculated using a 30 day VWAP, which was $0.598, for a total of 1,671,681shares. One -thirdof the RSUs vest on each of the first two anniversaries of the grant date for a total of 1,114,454 RSUs (“Time -basedRSUs”) and the remaining one -thirdof 557,228 RSUs vest upon the Company’s remediation of certain stock exchange listing qualification failures that exist as of the effective date of the CEO Agreement (see below “Contingencies” for further explanation of the qualification failures) (“Market -basedRSUs”), and (F) eligibility to participate in customary health, welfare, and fringe benefit plans we provide to our employees. On September 30, 2024, the grant date, the Company’s board of directors approved the issuance of the RSUs, pursuant to the CEO Agreement. The Company relied on guidance set by FASB Accounting Standards Update No. 2021 -07(issued and updated on October 2021) related to Compensation — Stock Compensation (“Topic 718”) to determine the impact on the Company. The grant date fair value for the 1,114,454 Time -basedRSUs was estimated to be approximately $735,000 based on the Company’s closing price of $0.66 as of the grant date. The Company will recognize expense on a straight -linebasis over the service period starting October 1, 2024. The remaining 557,228 Market -basedRSUs were considered to have a market -basedvesting as the milestones are based on the Company’s remediation of certain stock exchange listing qualifications, which are based on the market price and market capitalization of the Company’s common stock. As further required by Topic 718, a market -basedaward’s fair value is required to be expensed over the derived service period whether the milestone is met or not. The Company hired a third -partyvaluation firm to calculate the fair value of the Market -basedAwards