Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 340

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 340
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  388,575 |     | $    | 273,626 |

____________ (9)Cumulative Total Share Return (“ TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. (10)The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

186 Compensation Actually Paid and Cumulative TSR The following graph, required by Item 402(v) of Regulation S -K, illustrates the amount of “compensation actually paid” (“ CAP”) to Mr. Gutterman, Mr. Chang and Ms. Billingsley and the average amount of CAP to the Company’s Named Executive Officers as a group relative to the Company’s cumulative TSR over the two years presented in the table. This graph does not reflect cash actually paid to PEOs, which was approximately 80% lower. Compensation Actually Paid and Net Income/Loss The following graph, required by Item 402(v) of Regulation S -Kcompares CAP to Net Income/Loss. During Q4 2024, following the termination of Mr. Chang and the appointment of Mr. Gutterman, the Company improved its Net Income/Loss position from a loss of approximately $5.9 million for the quarter ending September 30, 2024 to a net income of approximately $401,000 for the quarter ending December 31, 2024. The table does not reflect the cash actually paid to PEOs, which was 80% lower. 187

Compensation of Directors Director Compensation for Gryphon The following table and accompanying narrative set forth information about the 2024 compensation provided to certain of members of the Gryphon Board and the Akerna board of directors prior to the Mergers. The current non -employeemembers of the Gryphon Board are as follows: •Jimmy Vaiopoulos (Chairman) •Brittany Kaiser •Jessica Billingsley •Robby Chang •Heather Cox •Daniel Tolhurst •Dan Grigorin From the Akerna Closing to October 1, 2024, the Gryphon Board members were compensated pursuant to Gryphon’s former director compensation program, which provided for (i) an annual cash retainer of $35,000, (ii) an additional committee chairperson retainer of $12,