Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 317

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 317
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fourth(1/4 th) of the RSUs on each of the first four (4) quarterly anniversaries of October 1, 2024. Pension Benefits None of Gryphon’s employees participate in or have account balances in qualified or non -qualifieddefined benefit plans sponsored by Gryphon. Gryphon’s Compensation Committee may elect to adopt qualified or non -qualifiedbenefit plans in the future if it determines that doing so is in the Company’s best interest. Non-qualified Deferred Compensation None of Gryphon’s employees participate in or have account balances in non -qualifieddefined contribution plans or other non -qualifieddeferred compensation plans maintained by us. Gryphon’s Compensation Committee may elect to provide Gryphon’s officers and other employees with non -qualifieddefined contribution or other non -qualifiedcompensation benefits in the future if it determines that doing so is in the Company’s best interest. Golden Parachute Compensation The information set forth in the table below is intended to comply with Item 402(t) of the SEC’s Regulation S -K, which requires disclosure of information about certain compensation for each named executive officer of Gryphon that is based on or otherwise relates to an acquisition, merger, consolidation, sale or other disposition of all or substantially all assets of the issuer. In accordance with the terms of their respective employment agreements, as described herein, outstanding equity awards held by Gryphon’s named executive officers will accelerate and vest in connection with the Mergers. Additionally, Gryphon’s named executive officers may be entitled to receive additional compensation in connection with the Mergers upon certain termination scenarios. This compensation is referred to as “golden parachute” compensation by the applicable SEC disclosure rules and is subject to a non -bindingadvisory vote of Gryphon’s shareholders. For more information on the “golden parachute” proposal, please see “ Advisory Golden Parachute Proposal (Proposal 8)” this proxy statement/prospectus. The amounts shown in the table below do not include equity awards outstanding that vested in accordance with their existing terms prior to May20, 2025 (the latest practicable date determined in accordance with Item 402(t) of Regulation S -K) and are estimates based on multiple assumptions that may or may not actually occur or be accurate at the time of the Mergers, which assumptions include: (i) that the Closing Date is May20, 2025 and (ii) the relevant price per share is $1.17, which equals the average closing price of a share of Gryphon Common Stock