Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 30

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 30
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 Material Nonpublic Information Bit Digital does not have any formal policy that requires the Company to grant, or avoid granting, equity -basedcompensation to its executive officers at certain times. Consistent with its annual compensation cycle, the Compensation Committee has granted annual equity awards to its directors, and might grant annual equity awards to its executive officers in the future. The timing of any equity grants to directors or executive officers in connection with new hires or other non -routinegrants is tied to the event giving rise to the award (such as an executive officer’s commencement of employment effective date).As a result, in all cases, the timing of grants of equity awards, including stock options or RSUs, occurs independent of the release of any material nonpublic information, and Bit Digital does not time the disclosure of material nonpublicinformation for the purpose of affecting the value of equity -basedcompensation . Insider Trading Arrangements and Policies There are noRule 10b5 -1trading arrangements held by any officer or director of the Company. The Company has adoptedits Insider Trading Policy which has been filed herein as Exhibit 11.B8 on Form 20 -Ffor the year ended December 31, 2022 filed with the SEC on April 28, 2023. Omnibus Equity Incentive Plans Share -basedcompensation such as restricted share units (“RSUs”), incentive and non -statutoryshare options, restricted Ordinary Shares, share appreciation rights and share payments may be granted to any directors, employees and consultants of the Company or affiliated companies under 2021 Omnibus Equity Incentive Plan (“2021 Plan”), 2021 Second Omnibus Equity Incentive Plan (“2021 Second Plan”) and 2023 Omnibus Equity Incentive Plan (“2023 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 395,000share options have been granted as of December 31, 2024. There are 5,000,000 Ordinary Shares reserved for issuance under the Company’s 2023 Plan, under which 4,732,718 RSUs have been granted as of December 31, 2024. Clawback Policy On November 23, 2023, the Board of Directors adopted a