American Bitcoin (ABTC) Director Mateen Justin Receives Award

What Happened

Mateen Justin, a director of American Bitcoin Corp. (ABTC), received a grant of 254,778 restricted stock units (RSUs) on 2026-02-24. The RSUs were granted at $0.00 per unit (derivative award), so no cash was exchanged at grant; the reported acquisition value is $0. Each RSU represents a contingent right to receive one share of Class C common stock upon vesting.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Grant type/code: A (Award/Grant of derivative securities — RSUs) — 254,778 RSUs at $0.00, reported value $0.
• Vesting: RSUs vest on the date of the Company's 2026 Annual Meeting of Stockholders (footnote).
• Shares owned after transaction: not specified in the reported filing.
• Footnotes: F1 clarifies each RSU converts to one share upon vesting; F2 specifies vesting tied to the 2026 annual meeting.

Context

RSU grants are common compensation for directors and executives and do not involve an immediate purchase or sale of stock. The economic value to the insider will depend on American Bitcoin’s share price when the RSUs vest and convert to actual shares. This filing reports a derivative award (RSUs), not a cash transaction or open-market trade.