Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 330

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 330
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 deductibility of compensation paid to Gryphon’s chief executive officer, chief financial officer and other “covered employees” as determined under Section 162(m) of the Code and applicable guidance. Under Section 162(m) of the Code, the annual compensation paid to any of these specified executives will be deductible only to the extent that it does not exceed $1,000,000. THE FOREGOING IS ONLY A SUMMARY OF THE EFFECT OF U.S. FEDERAL INCOME TAXATION UPON GRANTEES AND THE COMPANY WITH RESPECT TO AWARDS UNDER THE 2024 PLAN. IT DOES NOT PURPORT TO BE COMPLETE AND DOES NOT DISCUSS THE IMPACT OF EMPLOYMENT OR OTHER TAX REQUIREMENTS, THE TAX CONSEQUENCES OF A GRANTEE’S DEATH orTHE PROVISIONS OF THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE orFOREIGN COUNTRY IN WHICH THE GRANTEE MAY RESIDE. Benefits and Perquisites The Company offers a standard benefits program for its named executive officers, which includes medical, dental, vision, life and accidental death and dismemberment insurance, short- and long -termdisability coverage, flexible spending accounts, vacation time, paid holidays and participation in a 401(k) plan, when established. Pay versus Performance Pursuant to Section 953(a) of the Dodd -FrankWall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S -K, Gryphon is providing the following information regarding “compensation actually paid,” as defined in Item 402(v). In accordance with SEC rules, the “compensation actually paid” amounts shown in the table below for each applicable year reflect certain adjustments to the values reported in the Summary of Compensation Table as described in the footnotes to the following table. Compensation actually paid differs materially from the amount of cash actually paid to the Company’s officers. In 2024, this difference can be summarized as follows: Compensation Comparison for all PEOs
For the Year Ended December 31, 2024

| PEO                |     | Total         
 Compensation  
 Actually Paid 
 as Defined by 
 SEC           
 Item 402(v)   |           |     | Cash         
 Compensation 
 Actually     
 Received by  
 the PEO      |         |
|:-------------------|:----|:--------------|----------:|:----|:-------------|--------:|
| Steve Gutterman    |     | $             | 1,025,411 |     | $