Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1776

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 5
Chunk 1776
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 under the Company’s 2021 Second Plan,
under which 4,211,372 RSUs and 395,000 share options have been granted as of December 31, 2024. There are 5,000,000 ordinary shares reserved
for issuance under the Company’s 2023 Plan, under which 4,732,718 RSUs have been granted as of December 31, 2024.

Restricted Stock Units (“RSUs”)

As of December 31, 2023, the Company had nil awarded
and unvested RSUs.

On March 16, 2024, the Company granted 25,000
RSUs to an employee, which are subject to an eight-quarter service vesting schedule.

On March 31, 2024, the Company granted 50,000
RSUs to each of the Company’s CEO and CFO in accordance with their compensation arrangement. All of these RSUs were immediately
vested.

On March 31, 2024, the Company granted 40,000
RSUs to a non-executive director in accordance with his compensation arrangement. All of these RSUs were immediately vested.

On May 13, 2024, the Company granted 135,000 RSUs
to employees, which are subject to an eight-quarter service vesting schedule.

On June 30, 2024, the Company granted 50,000 RSUs
to each of the Company’s CEO and CFO in accordance with their compensation arrangement. All of these RSUs were immediately vested.

On August 13, 2024, the Company awarded 1,500,000
RSUs to employees. All of these RSUs were immediately vested.

On August 13, 2024, the Company awarded 340,136
RSUs to an employee, which are subject to an eight-quarter service with a one-year cliff vesting schedule.

On September 30, 2024, the Company granted 50,000
RSUs to each of the Company’s CEO and CFO in accordance with their compensation arrangement. All of these RSUs were immediately
vested.

On October 4, 2024, the Company granted 537,952
RSUs to employees, which are subject to an eight-quarter service with a one-year cliff vesting schedule.

On October 11, 2024, the Company granted 41,630
RSUs to employees, which are subject to an eight-quarter service with a one-year cliff vesting