Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1959

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 6
Chunk 1959
---
 December 5, 2024, the Company granted 45,000
RSUs to each of the Company’s CEO and CFO in accordance with their compensation arrangement. All of these RSUs were immediately
vested.

On December 31, 2024, the Company granted 250,000
RSUs to each of the Company’s CEO and CFO in accordance with their compensation arrangement. All of these RSUs were immediately
vested.

As of December 31, 2024, the Company had 1,025,968
awarded and unvested RSUs.

A summary of the changes in the RSUs relating
to ordinary shares granted by the Company during the year ended December 31, 2024, 2023 and 2022 is as follows:

    Number of
 RSUs  
    Weighted average grant date
 fair value 

    Awarded and unvested as of January 1, 2022 
     178,676  
     16.67 
  
    Granted 
     54,000  
     2.26 
  
    Vested 
     (221,368) 
     12.43 
  
    Awarded and unvested as of December 31, 2022 
     11,308  
     15.02 
  
    Granted 
     3,271,372  
     3.53 
  
    Vested 
     (3,282,680) 
     3.57 
  
    Awarded and unvested as of December 31, 2023 
     -  
     - 
  
    Granted 
     5,607,718  
     3.33 
  
    Vested 
     (4,581,750) 
     3.38 
  
    Awarded and unvested as of December 31, 2024 
     1,025,968  
    $3.13 

For the years ended December 31, 2024, 2023, and
2022, the Company recognized share-based compensation expenses of $9,786,234, $8,681,373 and $1,935,948 in connection with the above RSU
awards. As of December 31, 2024, the Company had $2,995,425 unrecognized compensation costs related to unvested RSUs.

Share Options

The