Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 266

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 266
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 Common Stock that could be issued under the 2025 Plan as of immediately after the Closing is $.

140 Summary of the Plan Amendment Proposal The 2025 Plan provides for the following grants: (a) incentive stock options (within the meaning of Section 422 of the Code) (“ ISO” or “ ISOs”); (b) nonstatutory stock options (i.e., options other than ISOs) (“ NSO” or “ NSOs”), (c) stock appreciation rights (“ SAR” or “ SARs”), (d) restricted stock grants, (e) RSUgrants, (f) performance grants and (g) other grants based in whole or in part by reference to shares that are granted pursuant to the terms and conditions of the 2025 Plan. The Combined Company Board may determine to make grants that are based on shares of Class C Common Stock which may be convertible into shares of Class A Common Stock. The 2025 Plan aims to reflect certain “best practices” that are consistent with the interests of Gryphon’s stockholders and with its corporate governance policies. The following is a summary of material provisions of the 2025 Plan. This summary is qualified by reference to the full text of the 2025 Plan, which is attached as Annex Gto this proxy statement/prospectus. Purpose The purpose of the 2025 Plan is to attract and retain the best available personnel for the Combined Company and its affiliates, to provide additional incentives to such personnel and to promote the success of the business of the Combined Company and its affiliates. Eligibility All employees, non -employeedirectors and consultants that render bona fide services not in connection with the offer and sale of securities in a capital -raisingtransaction are eligible to participate in the 2025 Plan. As of May 8, 2025, three employees, seven non -employeedirectors and zero consultants would be eligible to participate in the 2025 Plan under its terms. ISOs may be granted only to employees of the Combined Company and any parent and any subsidiary entities (to the extent permitted under Section 422 of the Code). Administration of the 2025 Plan The 2025 Plan will be administered by the Administrator. The Administrator will have the authority to: construe and interpret the 2025 Plan, any grant agreement and any other agreement or document executed pursuant to the 2025 Plan; prescribe, amend, expand, modify and rescind or terminate rules and regulations relating to the 2025 Plan or any