Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 65

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 65
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WhiteFiber 2025 Plan”).
The WhiteFiber 2025 Plan provides share-based compensation such as restricted stock units (“RSUs”), incentive and non-statutory
stock options, restricted shares, share appreciation rights and share payments may be granted to any directors, employees and consultants
of the Company or affiliated companies and up to 4,000,000, as amended, Ordinary Shares. There have been 685,290 RSUs granted as of September
30, 2025.

From
time to time, WhiteFiber grants equity awards under the WhiteFiber 2025 Plan to employees of the Company as consideration for services
rendered to WhiteFiber. These awards are settled in shares of WhiteFiber’s ordinary shares and might be accounted for as share-based
compensation to non-employee consultants and included within general and administrative expenses.

Restricted
Stock Units (“RSUs”)

As
of December 31, 2024, the Company had 1,025,968 awarded and unvested RSUs.

On
January 14, 2025, the Company granted 20,000 RSUs to a non-executive director in accordance with his compensation arrangement. All of
these RSUs were immediately vested.

On
February 10, 2025, the Company granted 32,113 RSUs to an employee, which are subjected to a sixteen-quarter service vesting schedule.

32

On
May 14, 2025, the Company granted 20,000 RSUs to an employee. All of these RSUs were immediately vested.

On
June 17, 2025, the Company granted 2,599,198 RSUs to employees. All of these RSUs were vested on July 2, 2025, the effective date of
the S-8 registration statement filed July 2, 2025.

On
June 30, 2025, the Company granted 255,000 RSUs to each of the Company’s Chief Executive Officer and Chief Financial Officer in
accordance with their compensation arrangements. All of these RSUs were immediately vested.

On
July 25, 2025, the Company granted 1,287,619 RSUs to employees. All of these RSUs were immediately vested.

On
July 25, 2025, the Company granted 543,873 RSUs to employees, which are subjected to a sixteen-quarter service vesting with a one-year
cliff vesting schedule.

On