Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-28

Bit Digital (BTBT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,463,929
Erke Huang total, FY2025
Chief Financial Officer and Directorhighest-paid officer; CEO Sam Tabar: $4,065,900
CEO (Sam Tabar) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against BTBT
2 companies name BTBT as a compensation peer

Each company listed discloses BTBT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BTBT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Erke Huang$598,029$1,000,000$2,865,900$0$0$0$0$4,463,929
Chief Financial Officer and Director
Sam Tabar500,000700,0002,865,90000004,065,900
Chief Executive Officer
Justin Zhu293,633134,750177,08800014,728620,199
Chief Accounting Officer, Principal Financial Officer and Senior Vice President of Finance

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Erke Huang$4,463,929$5,221,613−757,684
Sam Tabar4,065,9004,822,650−756,750
Justin Zhu620,199

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Sam TabarChief Executive Officer2026-07-24A135,000$0$0Derivative, Class A CommonForm 4 ↗
Erke HuangDirector2026-07-24A135,00000Derivative, Class A CommonForm 4 ↗
Erke HuangDirector2026-07-24A400,00000Derivative, Class A CommonForm 4 ↗
Sam TabarChief Executive Officer2026-07-24A400,00000Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sam TabarRSU$2,865,900
Justin ZhuRSU177,088
Erke HuangRSU2,865,900
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sam Tabar$2,865,900$0$00.0%
Justin Zhu177,088000.0%
Erke Huang2,865,900000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Justin ZhuRSU3,125$5,906
05

Incentive-plan design — the Compensation Discussion & Analysis

the Company's executive compensation program reflects a performance-driven compensation philosophy and the Company generally seeks to incentivize long-term performance

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedgingtrue
Anti-pledgingfalse
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Amanda CassattNot independent · Partial-year service · Newly elected$200,000$0$0$207,143$407,143
Brock PierceIndependent · Audit · Compensation · Nominating/Governance112,80000112,800
Zhaohui DengIndependent · Audit · Compensation (Chair) · Nominating/Governance101,33300101,333
Ichi ShihIndependent · Audit (Chair) · Compensation · Nominating/Governance (Chair)26,4520026,452
Jiashu (Bill) XiongNot independent · Not standing for re-election · Departed during FY4,000004,000
Erke HuangEmployee director4,00004,000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$135,785
Equity awards (grant-date value)$312,800
All other compensation$207,143
Total cost of the board$655,728

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Bit Digital2025Sam Tabar$500,000$2,865,900$0$0$4,065,900

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Erke HuangDEF 14A2026-06-080001213900-26-066338Section “Summary Compensation Table”. As printed: 4,463,929. Filing ↗machine: t49 · r4 · c33 · span 219515–219524
2Section 01, Sam TabarDEF 14A2026-06-080001213900-26-066338Section “Summary Compensation Table”. As printed: 4,065,900. Filing ↗machine: t49 · r2 · c33 · span 210913–210922
3Section 01, Justin ZhuDEF 14A2026-06-080001213900-26-066338Section “Summary Compensation Table”. As printed: 620,199. Filing ↗machine: t49 · r5 · c33 · span 223901–223908
4Section 03, Sam Tabar RSUDEF 14A2026-06-080001213900-26-066338Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t49 · r2 · c17 · span 208896–208905
5Section 03, Justin Zhu RSUDEF 14A2026-06-080001213900-26-066338Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t49 · r5 · c17 · span 221878–221885
6Section 03, Erke Huang RSUDEF 14A2026-06-080001213900-26-066338Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t49 · r4 · c17 · span 217498–217507
7Section 07, pay ratio10-K2026-03-270001213900-26-035544Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Amanda CassattDEF 14A2026-06-080001213900-26-066338Section “Director Compensation”. As printed: 407,143. Filing ↗machine: t75 · r11 · c19 · span 362485–362492
9Section 08, Brock PierceDEF 14A2026-06-080001213900-26-066338Section “Director Compensation”. As printed: 112,800. Filing ↗machine: t75 · r7 · c7 · span 358593–358600
10Section 08, Zhaohui DengDEF 14A2026-06-080001213900-26-066338Section “Director Compensation”. As printed: 101,333. Filing ↗machine: t75 · r3 · c3 · span 355104–355111
11Section 08, Ichi ShihDEF 14A2026-06-080001213900-26-066338Section “Director Compensation”. As printed: 26,452. Filing ↗machine: t75 · r5 · c3 · span 356780–356786
12Section 08, Jiashu (Bill) XiongDEF 14A2026-06-080001213900-26-066338Section “Director Compensation”. As printed: 4,000. Filing ↗machine: t75 · r9 · c3 · span 360244–360249
13Section 08, Erke HuangDEF 14A2026-06-080001213900-26-066338Section “Director Compensation”. As printed: 4,000. Filing ↗machine: t75 · r1 · c3 · span 353214–353219
14Section 02, Sam Tabar 2026-07-24Form 42026-07-280001213900-26-082437Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Erke Huang 2026-07-24Form 42026-07-280001213900-26-082436Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Erke Huang 2026-07-24Form 42026-07-280001213900-26-082436Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Sam Tabar 2026-07-24Form 42026-07-280001213900-26-082437Insider equity transaction reported since the proxy statement. Filing ↗
18Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
20Section 09b board cost (computed)ComputedcomputedCash 135,785 + equity 312,800 + all other 207,143 = 655,728, summed across the director compensation table rows.machine: formula: Σ = 655,728
21Bit Digital (subject), Section 10b CEO totalDEF 14A2026-06-080001213900-26-066338CEO total compensation as printed in Bit Digital's own proxy. As printed: 4,065,900. Filing ↗machine: t49 · r2 · c33 · span 210913–210922