Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1593

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 4
Chunk 1593
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, which are subject to an eight-quarter service with a one-year cliff vesting schedule.

F-33

On November 11, 2024, the Company granted 30,000
RSUs to a non-executive director. These RSUs were vested immediately.

On November 12, 2024, the Company granted 100,000
RSUs to each of the Company’s CEO and CFO in accordance with their compensation arrangement. All of these RSUs were immediately
vested.

On November 20, 2024, the Company granted 100,000
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 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