American Bitcoin Corp. (ABTC) grants 477,708 RSUs to President and Interim CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prusak Matthew reported acquisition or exercise transactions in this Form 4 filing.
American Bitcoin Corp. reported that its President and Interim CFO, Matthew Prusak, received a grant of 477,708 restricted stock units. Each RSU represents a contingent right to receive one share of Class C common stock. The RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date, aligning the executive’s compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Prusak Matthew
Role
PRESIDENT, INTERIM CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 477,708 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 477,708 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class C Common Stock, par value $0.0001 per share, of American Bitcoin Corp. (the "Company"). These RSUs vest ratably in three equal annual installments on each of the first, second and third anniversaries of the grant date.
FAQ
What did American Bitcoin Corp. (ABTC) report in this Form 4 for Matthew Prusak?
American Bitcoin Corp. reported a grant of 477,708 restricted stock units to President and Interim CFO Matthew Prusak. These RSUs are part of his equity compensation and convert into Class C common shares if vesting conditions are satisfied over time.
How many restricted stock units were granted to the ABTC President and Interim CFO?
Matthew Prusak received 477,708 restricted stock units. Each unit represents a contingent right to one share of Class C common stock, subject to vesting conditions. This award increases his potential future equity stake if he remains with the company through the vesting schedule.
What does each ABTC restricted stock unit in this filing represent?
Each restricted stock unit represents a contingent right to receive one share of American Bitcoin Corp. Class C common stock. The units do not deliver shares immediately; instead, shares are issued only as the RSUs vest according to the specified three-year schedule.
What is the vesting schedule for the 477,708 ABTC restricted stock units?
The 477,708 restricted stock units vest ratably in three equal annual installments. Vesting occurs on each of the first, second and third anniversaries of the grant date, rewarding continued service and aligning the executive’s incentives with the company’s longer-term performance.
How many ABTC restricted stock units does Matthew Prusak hold after this transaction?
After this grant, Matthew Prusak is reported as directly owning 477,708 restricted stock units. These units will convert into Class C common shares only as they vest over three years, subject to the award’s continued service and other applicable conditions.