Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2654

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 10
Chunk 2654
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2022. In December 2023, 30,000 RSUs were awarded under the Second 2021 Omnibus Equity Incentive
Plan with immediate vesting for her services as Chairman of the Audit Committee during 2023. Pursuant to Ms. Ichi’s Director Agreement
dated December 8, 2023, a payment of $20,000 was made in November 2024, along with a grant of 30,000 RSUs under the 2023 Omnibus Equity
Incentive Plan, which vested immediately, for her services as Chairwoman of the Audit Committee during 2024. The Company shall also reimburse
each director for reasonable and approved expenses incurred by him or her in connection with the performance of their duties under the
director agreements.

As an independent director, Mr. Pierce, through
an entity for which he serves on the Company’s Board, was awarded 20,000 RSUs with immediate vesting pursuant to the Company’s
2021 Omnibus Equity Incentive Plan. He will be provided with additional compensation for any renewal of at least the initial 20,000 RSUs
award. He is eligible for additional compensation, from time to time, at the discretion of the Board. His term was one year and was initially
renewed for a one-year renewal year re-election by a majority of the shareholders of the Company at the July 29, 2022 Annual General Meeting
and has subsequently been renewed at the October 2, 2024 Annual General Meeting.  In March 2024, 40,000 RSUs were awarded under the
2023 Omnibus Equity Incentive Plan with immediate vesting. In January 2025, 20,000 RSUs were awarded under the 2023 Omnibus Equity Incentive
Plan with immediate vesting

As recommended by the Company’s Nominating
and Corporate Governance Committee, the Company entered into a Director Agreement with Jiashu (Bill) Xiong (“Xiong”), pursuant
to which Xiong was elected as a member of the Company’s Board of Directors, effective October 13, 2023. Mr. Xiong is receiving cash
compensation for his services on the Board equal to $4,000 a year paid on a quarterly basis. Xiong is also receiving an annual salary
of $68,000 from Bit Digital Canada, Inc., as the Company’s IT Director. While Xiong is a member