Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 465

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 465
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 $      |  10,000 |
| Annual Compensation Committee Member retainer          |     | $      |   7,500 |
| Annual Nominating/Governance Committee Member Retainer |     | $      |   7,500 |
| Annual Board Chair Additional retainer                 |     | $      |  40,000 |
| Annual Audit Chair Additional retainer                 |     | $      |  20,000 |
| Annual Compensation Chair Additional retainer          |     | $      |  15,000 |
| Annual Nominating/Governance Chair Additional retainer |     | $      |  15,000 |

The cash retainers will be paid monthly in arrears.

The annual equity award will be in the form of restricted stock units (“RSUs”). The number of RSUs to be granted shall be determined by dividing the dollar amounts stated above by the volume-weighted average price (“VWAP”) of the Company’s common stock over the forty-five () trading days immediately preceding (but not including) the Grant Date, rounded to the nearest whole RSU.

Subject to each grantee’s continued service with the Company through the applicable vesting date, the awards made hereunder shall vest as to one-fourth (1/4) of the RSUs subject to each award (rounded down to the nearest whole share) upon the first four (4) quarterly anniversaries dates.

F-23

Gryphon Digital Mining, Inc.
Notes to the Unaudited Condensed Consolidated Financial Statements
For the Three Months Ended March 31, 2025 NOTE 8 — COMMITMENTS AND CONTINGENCIES (cont.)

Employment Agreements

CEO Agreements

On September 30, 2024, the grant date, the Company’s board of directors approved the issuance of the RSUs, pursuant to the CEO Agreement. The Company relied on guidance set by FASB Accounting Standards Update No. 2021-07 (issued and updated on October 2021) related to Compensation — Stock Compensation (“Topic 718”) to determine the impact on the Company. The grant date fair value for the Time-based RSUs was estimated to be approximately $ based on the Company’s closing price of $ as of the grant date. The Company will recognize expense on a straight-line basis over the service period starting October 1, 2024. The remaining Market-based RSUs were considered to have a market-based vesting as the milestones are based on the