Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1448

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 1448
---
 2023 Plan, under which 4,732,718 RSUs have been granted as of December 31, 2024.

Clawback Policy

On November 30, 2023, the Board of Directors adopted
a clawback policy which provides for the recovery of certain executive compensation in the event of an accounting restatement resulting
from material non-compliance with financial reporting requirements under the federal securities laws. Since the adoption of this policy,
there have been no accounting restatements, nor is there any compensation to be recovered.

114

Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters

The following table sets forth information regarding
the beneficial ownership of ordinary shares of our common stock as of March 7, 2025, for each of the following persons, after giving effect
to the transaction under the Exchange Agreement:

●all
such directors and executive officers as a group; and

●each
person who is known by us to own beneficially five percent or more of our common stock prior to the change of control transaction.

Beneficial ownership is determined in accordance
with the rules of the Securities and Exchange Commission. Unless otherwise indicated in the table, the persons and entities named in the
table have sole voting and sole investment power with respect to the shares set forth opposite the shareholder’s name. The percentage
of class beneficially owned set forth below is based on 182,435,019 ordinary shares of common stock issued and outstanding on March 7,
2025. We calculated beneficial ownership according to Rule 13d-3 of the Securities Exchange Act of 1934, as amended as of that date (the
“Exchange Act”). Ordinary Shares of our Common Stock issuable upon exercise of options or warrants or conversion of Notes
that are exercisable or convertible within 60 days of March 7, 2025 are included as beneficially owned by the holder, but not deemed outstanding
for computing the percentage of any other Stockholder for Percentage of Common Stock Beneficially Owned immediately. Beneficial ownership
generally includes voting and dispositive power with respect to securities. Unless otherwise indicated below, the persons and entities
named in the table have sole voting and sole dispositive power with respect to all shares beneficially owned.

    Ordinary Shares Beneficially Owned(2) 
  
    Name of Beneficial Owners(1) 
    Number  
    Voting Securities % 
  
    Directors and Officers: 

    Erke Huang