Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2178

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7
Chunk 2178
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 any directors, employees and consultants of the Company or affiliated companies under 2021 Omnibus Equity Incentive
Plan (“2021 Plan”), 2021 Second Omnibus Equity Incentive Plan (“2021 Second Plan”) and 2023 Omnibus Equity Incentive
Plan (“2023 Plan”). An aggregate of 2,415,293 RSUs were granted under the 2021 Plan and no ordinary shares remain reserved
for issuance under the 2021 Plan. There are 5,000,000 ordinary shares reserved for issuance 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.

Clawback Policy

On November 30, 2023, the Board of Directors adopted
a clawback policy which provides for the recovery of certain executive compensation in the event of an accounting restatement resulting
from material non-compliance with financial reporting requirements under the federal securities laws. Since the adoption of this policy,
there have been no accounting restatements, nor is there any compensation to be recovered.

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Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters

The following table sets forth information regarding
the beneficial ownership of ordinary shares of our common stock as of March 7, 2025, for each of the following persons, after giving effect
to the transaction under the Exchange Agreement:

●all
such directors and executive officers as a group; and

●each
person who is known by us to own beneficially five percent or more of our common stock prior to the change of control transaction.

Beneficial ownership is determined in accordance
with the rules of the Securities and Exchange Commission. Unless otherwise indicated in the table, the persons and entities named in the
table have sole voting and sole investment power with respect to the shares set forth opposite the shareholder’s name. The percentage
of class beneficially owned set forth below is based on 182,435,019 ordinary shares of common stock issued and outstanding on March 7,
2025. We calculated beneficial ownership according to Rule 13d-3 of the Securities Exchange Act of 1934, as amended as of that date (the