Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 314

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 314
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 the value of the full RSU grant. (3)Benefits Amounts The benefits amount disclosed for Mr. Gutterman consists of twelve times his monthly cost of health and welfare benefits ($2,724), which is payable in cash in a lump sum as soon as practicable following the effective date of a release of claims. This is a single trigger payment upon Mr. Gutterman’s qualifying termination. The benefits amount is subject to a release of claims and is payable in a lump sum as soon as practicable following the effective date of the release. (4)Mr.Gutterman’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Gutterman Agreement for the duration of his employment with Gryphon and for the one year following his termination of employment. (5)Mr.Salzman’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Salzman Agreement for the duration of his employment with Gryphon and for the six months following his termination of employment. (6)Mr.Gallie’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Gallie Agreement for the duration of his employment with Gryphon and for the one year following his termination of employment. Employee Benefits and Stock Plans Gryphon Digital Mining Inc. 2024 Omnibus Incentive Plan. Set forth below is a summary of the material features of the 2024 Plan, which was adopted in connection with the Akerna Closing. The 2024 Plan provides for the following grants: (a) ISOs (within the meaning of Section 422 of the Code); (b) NSOs, (c) SARs, (d) restricted stock grants, (e) RSU grants, (f) performance grants and (g) other grants based in whole or in part by reference to shares that are granted pursuant to the terms and conditions of the 2024 Plan. Subject to any Capitalization Adjustment and the automatic increase and any other applicable provisions in the 2024 Plan, the 2024share reserve was originally set at 15% of the total number of the shares of common stock outstanding at the Ak