Broukhim Michael 4

4 · American Bitcoin Corp. · Filed Jun 24, 2026

AI-generated summary of this filing

Updated Jun 24, 2026

American Bitcoin (ABTC) Director Michael Broukhim Converts 270,701 RSUs

What Happened

Michael Broukhim, a director of American Bitcoin Corp. (ABTC), had 270,701 derivative units (reported as code M: exercise/conversion) convert into Class A Common Stock on 2026-06-22. The Form 4 records an acquisition of 270,701 shares (price N/A) and a corresponding derivative disposition of 270,701 units at $0.00.
This filing reflects conversion/settlement of awards (RSUs/derivatives) rather than an open-market purchase or sale; it is not a routine buy signal.

Key Details

Transaction date: 2026-06-22. Form 4 filed: 2026-06-24.
Reported amounts: 270,701 shares acquired via conversion/exercise (price N/A); 270,701 derivative units disposed at $0.00.
Shares owned after transaction: not specified in the provided data.
Relevant footnotes:
- F3–F5: These were restricted stock units (RSUs) that vested and converted one-for-one into Class A shares; RSUs could be settled in stock or cash at the issuer’s discretion.
- F1–F2: Mr. Broukhim holds membership interests in two LLCs that hold 13,386 and 112,184 Class A shares, respectively, giving him a pecuniary interest in those shares.
Filing timeliness: Form 4 was filed two days after the transaction date (06/22 → 06/24); no late filing flag was provided in the supplied data.

Context

Code M on the Form 4 covers exercise or conversion of derivatives (including RSU vesting). The paired $0.00 disposition entry reflects the mechanics of conversion/settlement as reported; the Form 4 and footnotes indicate settlement options (stock and/or cash) but do not provide cash proceeds or tax-withholding details.
For retail investors: this is an issuance/settlement event tied to compensation awards, not an insider buying shares on the open market.

Form 4

Period: 2026-06-22

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F3]
2026-06-22+270,701→ 270,701 total
Exercise/Conversion
Restricted Stock Units
[F4][F5]
2026-06-22−270,701→ 0 total
→ Class A Common Stock (270,701 underlying)

Holdings

Footnotes (5)

[F1]The reported securities are held by a limited liability company ("LLC 1"). Mr. Broukhim holds a membership interest in LLC 1 and, as a result, may be deemed to have a pecuniary interest in 13,386 shares of Class A Common Stock held by LLC 1.
[F2]The reported securities are held by a limited liability company ("LLC 2"). Mr. Broukhim holds a membership interest in LLC 2 and, as a result, may be deemed to have a pecuniary interest in 112,184 shares of Class A Common Stock held by LLC 2.
[F3]Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Issuer Class A Common Stock on a one-for-one basis.
[F4]Each RSU represents a contingent right to receive one share of Issuer Class A Common Stock. The RSUs settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer.
[F5]These RSUs vested on the date of the 2026 Annual General Meeting of the Stockholders of the Issuer.

Signature

/s/ Aliza Rana, as Attorney-in-Fact|2026-06-24

1 file