Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2502

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 9A
Chunk 2502
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through Even Green Holdings Limited) and Zhaohui Deng are the beneficial owners of 300,000 and 700,000 Ordinary Shares, respectively,
issuable upon the conversion of 1,000,000 Preference Shares owned by Geney Development Limited (“GDL”), a BVI entity, located
at 4th Floor Waters Edge Building, Meridian Plaza, Road Town, Tortola VG1110, British Virgin Islands. The Company’s
Amended and Restated Articles of Association (the “AOA”), filed in the Cayman Islands on or about April 30, 2021, provides
that (i) all Preference Shares are convertible into Ordinary Shares on a one-for-one basis and (ii) for all Company matters
requiring the vote of Members by a poll or by proxy, each Preference Share shall carry the equivalent number of votes as 50 Ordinary
Shares, or an aggregate of 50,000,000 votes, which are equal to approximately 27.4% of the 182,435,019 issued and outstanding shares
as of March 7, 2025 or approximately 21.5% of the Voting Securities, including the Preference Shares.

115

(4)Includes
a total of 1,795,000 Ordinary Shares issued under restricted stock units (“RSUs”) granted in 2025, 2024 and 2023 pursuant
to his employment agreement.

(5)Represents
30,000 Ordinary Shares issued under RSUs granted and vested in November 2024.

(6)Represents
80,000 Ordinary Shares issued under RSUs granted and vested pursuant to the Director Agreement under which Mr. Pierce is serving.

(7)These shares include 175,765 fully vested shares issued to Mr. Tabar
upon the exchange of RSUs granted under his previous consulting agreement and his employment agreement for his former CSO role. Since
assuming the CEO position on March 31, 2023, 1,245,000 shares issued to Mr. Tabar have been fully vested upon grant pursuant to his employment
agreements.

    (8)
    As disclosed in Schedule 13G filed by BlackRock Inc. on November 8, 2024, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the ordinary shares of Bit Digital, Inc.  No one person’s interest in the common stock of Bit Digital, Inc. is