Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 313

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 313
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,500), with such amount being paid in twelve equal installments in accordance with Gryphon’s regular payroll schedule, beginning on the first payroll date following the date the release of claims becomes effective. Eric Gallie The cash amount disclosed for Mr. Gallie is a single trigger amount payable pursuant to his employment agreement and presumes Mr. Gallie is terminated without “cause” (as defined in Gryphon’s equity plan). In such a case, Mr. Gallie will receive one year of his base salary ($250,000), which is payable in substantially equal installments following his termination date, subject to his execution and non -revocation of a release of claims. (2)Equity Amounts Steve Gutterman The equity amount disclosed for Mr. Gutterman is a double trigger arrangement that is also payable pursuant to his employment agreement and upon a qualifying termination in connection with the Mergers (within thirty days prior to or twelve months following), in which case Mr. Gutterman is entitled to pro -rata acceleration of each outstanding equity award based on the number of days employed in the vesting period, with performance goals, if any, deemed achieved at target. The value of Mr. Gutterman’s accelerating restricted stock units is shown in the table above. The equity acceleration is also subject to a release of claims and would become effective following the effective date of the release. Pursuant to Mr. Gutterman’s employment agreement, he is entitled to receive an “incentive award” (as defined in his employment agreement) upon the attainment of certain Gryphon stock price and market capitalization goals. Based on Gryphon’s stock price and market capitalization on May 20, 2025, no portion of the incentive award is expected to vest or become payable in connection with the Mergers and Mr. Gutterman’s right to receive the incentive award will terminate in connection with a termination of his employment. Sim Salzman Although Mr. Salzman’s employment agreement entitles him to single trigger acceleration if Mr. Salzman is continuously employed by Gryphon through a change in control, all of Mr. Salzman’s outstanding RSUs vested prior to May 20, 2025.

174 Eric Gallie The equity amount disclosed for Mr. Gallie is a single trigger arrangement payable pursuant to his employment agreement, which provides for full acceleration of the RSUs granted under Mr. Gallie’s employment agreement upon a change in control. None of the RSUs have previously vested, so the amount disclosed is