Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 312

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 312
---
 executive officer of Gryphon that is based on or otherwise relates to an acquisition, merger, consolidation, sale or other disposition of all or substantially all assets of the issuer. In accordance with the terms of their respective employment agreements, as described herein, outstanding equity awards held by Gryphon’s named executive officers will accelerate and vest in connection with the Mergers. Additionally, Gryphon’s named executive officers may be entitled to receive additional compensation in connection with the Mergers upon certain termination scenarios. This compensation is referred to as “golden parachute” compensation by the applicable SEC disclosure rules and is subject to a non -bindingadvisory vote of Gryphon’s shareholders. For more information on the “golden parachute” proposal, please see “ Advisory Golden Parachute Proposal (Proposal 8)” this proxy statement/prospectus. The amounts shown in the table below do not include equity awards outstanding that vested in accordance with their existing terms prior to May20, 2025 (the latest practicable date determined in accordance with Item 402(t) of Regulation S -K) and are estimates based on multiple assumptions that may or may not actually occur or be accurate at the time of the Mergers, which assumptions include: (i) that the Closing Date is May20, 2025 and (ii) the relevant price per share is $1.17, which equals the average closing price of a share of Gryphon Common Stock as reported on Nasdaq over the five business day period following the first public announcement of the entry into the Merger Agreement. Certain equity awards that would be unvested as of May20, 2025 and included in the table below may vest independently of and prior to, the merger pursuant to their terms. As a result, the actual amounts, if any, to be received by a named executive officer may materially differ from the amounts set forth below. Rob Chang and Jessica Billingsley, each a former Chief Executive Officer of Gryphon, are not entitled to any compensation in connection 173

with the Mergers that could be considered “golden parachute” compensation, so they are excluded from the disclosure and discussion below. Gryphon’s named executive officers’ employment agreements are described in further detail in the section entitled “ Gryphon Executive Compensation” of this proxy statement/prospectus.

| Name                                         |     |    Cash 
  ($)(1) |     |    Equity 
    ($)(2) |     | Perquisites/ 
     Benefits 
       ($)(3) |     |