Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 309

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 309
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 was obligated to pay any accrued but unpaid base salary and any Annual Bonus earned and awarded for the fiscal year prior to that in which the termination occurs. In the event of Ms. Billingsley’s termination without cause or with good reason, Akerna was obligated to pay any accrued but unpaid base salary, any Annual Bonus earned and awarded for the fiscal year prior to that in which the termination occurs, a cash severance payment equal to her base salary, pro -ratedAnnual Bonus for the fiscal year in which the termination occurs through the date of termination and twelve months of health benefits. The Billingsley Agreement also contained non -competitionand non -solicitationprovisions that applied through her employment and for a term of one year thereafter and which were in addition to the non -competitionand non -solicitationprovisions prescribed under a certain Non -CompetitionAgreement between Ms. Billingsley and Akerna. The Billingsley Agreement also contained a non -disparagementprovision that applies through her employment and for a term of two years thereafter. The Billingsley Agreement was terminated in connection with the Akerna Business Combination and is therefore no longer in effect. Ms. Billingsley continues to serve the Company as a non -employeemember of the Gryphon Board. Outstanding Equity Awards at 2024 Fiscal Year-End A summary of the number and the value of the outstanding equity awards as of December 31, 2024 held by the named executive officers is set out in the table below.

|                                |     |            |     | Stock Awards(1) |      |     |            |     |                  |      |     |                  |
| Name                           |     | Date of    
 Grant      |     |       Number of 
       Shares or 
        Units of 
      Stock That 
        Have Not 
      Vested (#) |      |     |     Market 
   Value of 
  Shares or 
   Units of 
 Stock That 
   Have Not 
     Vested 
        ($) |     |           Equity 
        Incentive 
     Plan Awards: 
        Market or 
     Payout Value 
      of Unearned 
 Shares, Units or 
     Other Rights 
        That Have 
       Not Vested 
              ($) |      |     |           Equity 
        Incentive 
     Plan Awards: 
        Market or 
     Payout Value 
      of Unearned 
 Shares, Units or 
     Other Rights 
        That Have 
       Not Vested