Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 335

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 335
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oss The following graph, required by Item 402(v) of Regulation S -Kcompares CAP to Net Income/Loss. During Q4 2024, following the termination of Mr. Chang and the appointment of Mr. Gutterman, the Company improved its Net Income/Loss position from a loss of approximately $5.9 million for the quarter ending September 30, 2024 to a net income of approximately $401,000 for the quarter ending December 31, 2024. The table does not reflect the cash actually paid to PEOs, which was 80% lower. 187

Compensation of Directors Director Compensation for Gryphon The following table and accompanying narrative set forth information about the 2024 compensation provided to certain of members of the Gryphon Board and the Akerna board of directors prior to the Mergers. The current non -employeemembers of the Gryphon Board are as follows: •Jimmy Vaiopoulos (Chairman) •Brittany Kaiser •Jessica Billingsley •Robby Chang •Heather Cox •Daniel Tolhurst •Dan Grigorin From the Akerna Closing to October 1, 2024, the Gryphon Board members were compensated pursuant to Gryphon’s former director compensation program, which provided for (i) an annual cash retainer of $35,000, (ii) an additional committee chairperson retainer of $12,500 and (iii) an additional committee member retainer of $10,000. A director could not receive both a committee chairperson and a member retainer for service on the same committee. The retainers were earned on a quarterly basis and paid in arrears not later than 30 days following the end of each calendar quarter. Prior to the Akerna Closing, Gryphon did not have a formal compensation policy for non -employeedirectors and instead entered into Director Agreements with its directors. On October 1, 2024, based on a market study conducted by Korn Ferry, who was engaged as a compensation consultant, the Gryphon Board approved the following Director Compensation Program:

| Element                                                |     | Amount |         |
|:-------------------------------------------------------|:----|:-------|--------:|
| Annual Gryphon Board Cash Retainer                     |     | $      |  60,000 |
| Annual Equity Award                                    |     | $      | 160,000 |
| Annual Audit Committee Member Retainer                 |     | $      |  10,000 |
|