Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1595

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 4
Chunk 1595
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 (1,875)   1.13    —   Options outstanding on December 31, 2023   365,000   $2.85    3.35   Exercised   (5,000)   2.72    —   Options outstanding on December 31, 2024   360,000   $2.85    2.35   Vested and exercisable on December 31, 2024   336,667   $2.84    2.30   Vested and expected to vest on December 31, 2024   360,000   $2.85    2.35  

Other share-based compensation

In January 2024, the Company modified an existing
two-year service agreement with a consulting firm by granting an additional 500,000 RSUs, which vested immediately. Over the duration
of the service period specified in the amendment, the Company will recognize additional share-based compensation expenses aggregating
to $1.5 million based upon the closing price of the Company’s common stock on the date of the amendment.

In January 2024, the Company modified an existing
service agreement with a consulting firm by granting an additional 200,000 RSUs as compensation for successfully securing a customer for
our business under a three-year service agreement. Over the duration of the service agreement, the Company will recognize additional share-based
compensation expenses aggregating to $0.6 million based upon the closing price of the Company’s common stock on the date of the
amendment.

In July 2024, the Company entered into a one-year
service agreement with a consulting firm by, in relation to this agreement, granted the firm 500,000 RSUs, all of which vested immediately.
Over the duration of the service agreement, the Company will recognize share-based compensation expenses aggregating $2.1 million based
upon the closing price of the Company’s common stock on date of agreement.

In October 2024, the Company entered into a one-year
service agreement with a consulting firm by, in relation to this agreement, granted the firm 150,000 RSUs, all of which vested immediately.
Over the duration of the service agreement, the Company will recognize share-based compensation expenses aggregating $0.5 million based
upon the closing price of the Company’s common stock on date of