Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 337

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 337
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 |      |          — |   |     |      |   |
| Plus: Incremental Fair Value of Options/SARs Modified During the Applicable Fiscal Year                                                                                                                                                                          |     |      |          — |   |     |      | — |
| Compensation Actually Paid                                                                                                                                                                                                                                       |     | $    |  1,025,411 |   |     | $    | — |

For Steve Gutterman

| Year Ended December 31, 
 2024                    |     | Total        
 Compensation 
 Actually     
 Paid as      
 Defined by   
 SEC          
 Item 402(v)  | 1,025,411 |     | Cash         
 Compensation 
 Actually     
 Received by  
 the PEO      | 170,250 |
|:------------------------|:----|:-------------|:----------|:----|:-------------|:--------|
| 2023                    |     | $            | —         |     | $            | —       |

____________ (3)Mr. Chang served as Gryphon’s PEO from the Company’s Mergers with Akerna until September 2024.

183

(4)The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Chang, as computed in accordance with Item 402(v) of Regulation S -K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Chang during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S -K, the following adjustments were made to determine the “compensation actually paid” amounts reported above for Mr. Chang:

| Reconciliation of Summary of Compensation Table Total to Compensation                                                                                                                                                                                            
 Actually Paid for CEO                                                                                                                                                                                                                                            |     | 2024 |          |   |     | 2023 |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-----|---------:|:--|:----|:-----|:--|
| Summary of Compensation Table Total                                                                                                                                                                                                                              |     | $    |  374,774 |   |     | $    | — |
| Less: Grant Date Fair Value of Option and Stock Awards Granted in                                                                                                                                                                                                
 Fiscal Year                                                                                                                                                                                                                                                      |     |      | (165,578 | ) |     |      | — |
| Plus: Fair Value of Awards Granted during Applicable Fiscal Year that Remain Unvested as of Applicable Fiscal Year End, Determined as of Applicable Fiscal Year End                                                                                              |     |