Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 54

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 54
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 Incentive
Plan (“2021 Plan”), 2021 Second Omnibus Equity Incentive Plan (“2021 Second Plan”), 2023 Omnibus Equity Incentive
Plan (“2023 Plan”), and 2025 Omnibus Equity Incentive Plan (“2025 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 June 30, 2025. There are 5,000,000 ordinary shares reserved for issuance under the Company’s 2023 Plan, under which 4,993,201
RSUs have been granted as of June 30, 2025. There are 8,000,000 ordinary shares reserved for issuance under the Company’s 2025 Plan,
under which 3,305,963 RSUs have been granted as of June 30, 2025.

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 an sixteen-quarter service vesting schedule.

30

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 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.

  For the three months ended June 30, 2025 and 2024