Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 315

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 315
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erna Closing (the “ 2024 Share Reserve”), subject to a discretionary annual increase by the Gryphon Board. As of July 28, 2025, there were 1,061,477shares of Gryphon Common Stockavailable for issuance pursuant to the 2024 Plan. The 2024 Share Reserve will automatically increase on January 1 stof each year, for a period of not more than ten years, commencing on January 1, 2025 and ending on (and including) January 1, 2033 by the lesser of (a) 3% of the total number of the shares of Gryphon Common Stock outstanding on December 31 stof the immediately preceding calendar year and (b) such number of shares determined by the Gryphon Board. Following the effective date of the 2024 Plan (the “ 2024 Plan Effective Date”), any shares subject to an outstanding grant or any portion thereof granted under the 2024 Plan will be returned to the 2024 Share Reserve and will be available for issuance in connection with subsequent grants under the 2024 Plan to the extent such shares: (a) are canceled, forfeited or settled in cash; (b) are used to pay the exercise price of such outstanding grant or any Tax -RelatedItems arising in connection with vesting, exercise or settlement of such outstanding grant; (c) are surrendered pursuant to an Exchange Program; (d) expire by their terms at any time; or (e) are 2024 Returning Shares. Shares subject to Substitute Grants will not be deducted from the Share Reserve and may not be returned to the 2024 Share Reserve as 2024 Returning Shares. For purposes of the 2024 Plan, “ Exchange Program” means a program pursuant to which (a) outstanding grants are surrendered, canceled or exchanged for cash, the same type of grant or a different grant (or combination thereof) or (b) the exercise price of an outstanding grant is increased or reduced. Subject to the provisions relating to Capitalization Adjustments, the Incentive Stock Option Limit is 5,810,033shares which was 15% of the total number of shares of common stock outstanding at the Akerna Closing. If there is a Capitalization Adjustment after the 2024 Plan Effective Date, then (a) the maximum number and class of shares or type of security reserved for issuance and future grant from the 2024 Share Reserve, (b) the exercise price, purchase price and number and class of