Broukhim Michael 4

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.