Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 886

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1B
Chunk 886
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,523,650, $3,222,650 and 505,500, respectively. As of December 31,2023, fair value of the vested and issued RSUs, based
on the closing price on the vesting date, for Messrs. Huang and Tabar is $2,837,000 and $1,239,500, respectively.

Narrative Disclosure to the Summary Compensation
Table

There are no arrangements or plans in which we
provide pension, retirement or similar benefits for executive officers.

111

Outstanding Equity Awards at Fiscal Year-End

The table below summarizes all unexercised options,
stock that has not vested, and equity incentive plan awards for each named executive officer as of December 31, 2024.

    Option Awards  
    Stock Awards 

    Number of Securities Underlying Unexercised Options 
    Option Exercise  
    Option Expiration  
    No. of Shares or Units of Stock that Have Not 
    Market Value of Shares or Units of Stock that Have Not  
    Equity Incentive Plan Awards: No. of Unearned Shares, Units or Other Rights That Have Not 
  
    Name 
    Exercisable 
    Un-exercisable  
    Price ($)  
    Date  
    Vested 
    Vested ($)  
    Vested 
  
    none 

Employment Agreements

Erke Huang

On October 28, 2022, the Company and Erke Huang
entered into an employment agreement pursuant to which the Company paid Mr. Huang $60,000 per annum as Chief Financial Officer of the
Company. In connection with a change in senior management of the Company, Mr. Huang’s base salary was increased to $600,000, with
such compensation commencing on March 10, 2023. The agreement is for a term of two (2) years and will renew automatically for one-year
terms when not terminated by either party. Mr. Huang is eligible for bonuses as determined by the Board and eligible to participate in
equity incentive plans of the Company. The Company shall also reimburse Mr. Huang for reasonable and approved expenses incurred by him
in connection with the performance of his duties under his employment agreement. Mr. Huang is subject to a one-year non-competition and
non-solicitation covenant from the date of termination of employment for any reason. The Company and Mr. Huang also entered into a director
agreement on October 28, 202