Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 315

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 315
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 performance criteria established in its reasonable discretion. The performance criteria for any particular fiscal year was set no later than ninety days after the commencement of the relevant fiscal year. Ms. Billingsley was entitled to participate in annual equity awards and employee benefits. She was indemnified by Akerna for any and all expenses (including advancement and payment of attorneys’ fees) and losses arising out of or relating to any of her actual or alleged acts, omissions, negligence or active or passive wrongdoing, including the advancement of expenses she incurred. The foregoing indemnification was in addition to the indemnification provided to her by Akerna pursuant to her indemnification agreement. In the event of Ms. Billingsley’s termination for cause or without good reason, Akerna was obligated to pay any accrued but unpaid base salary and any Annual Bonus earned and awarded for the fiscal year prior to that in which the termination occurs. In the event of Ms. Billingsley’s termination without cause or with good reason, Akerna was obligated to pay any accrued but unpaid base salary, any Annual Bonus earned and awarded for the fiscal year prior to that in which the termination occurs, a cash severance payment equal to her base salary, pro -ratedAnnual Bonus for the fiscal year in which the termination occurs through the date of termination and twelve months of health benefits. The Billingsley Agreement also contained non -competitionand non -solicitationprovisions that applied through her employment and for a term of one year thereafter and which were in addition to the non -competitionand non -solicitationprovisions prescribed under a certain Non -CompetitionAgreement between Ms. Billingsley and Akerna. The Billingsley Agreement also contained a non -disparagementprovision that applies through her employment and for a term of two years thereafter. The Billingsley Agreement was terminated in connection with the Akerna Business Combination and is therefore no longer in effect. Ms. Billingsley continues to serve the Company as a non -employeemember of the Gryphon Board. Outstanding Equity Awards at 2024 Fiscal Year-End A summary of the number and the value of the outstanding equity awards as of December 31, 2024 held by the named executive officers is set out in the table below.

|                                |     |            |     | Stock Awards(1) |      |     |            |     |                  |      |     |                  |
| Name                           |     | Date of    
 Grant      |     |       Number of 
       Shares or