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    Steve Gutterman

    Chief Executive Officer at Gryphon Digital Mining Inc
    Board
    Since
    Age
    55 years
    Education
    Holds a JD/MBA from Columbia University and a BA cum laude in Political Science from Tufts University.
    Tenure
    Joined GRYP on September 17, 2024 and currently serves as the Chief Executive Officer and Director.

    Also at Gryphon Digital Mining Inc

    SS
    Simeon Salzman
    Chief Financial Officer and Secretary

    About

    Steve Gutterman is the Chief Executive Officer and Director of GRYP, bringing nearly 30 years of executive leadership experience across industries such as financial services, cannabis, and market research.

    He holds advanced degrees from prestigious institutions and has built his career through roles that emphasized strategic growth and operational excellence.

    Prior to his current role at GRYP, he led organizations including Falcon International, General Cannabis Corp, Harvest Health & Recreation Inc., E*TRADE Financial, GeoPoll, and MBH Enterprises, contributing significantly to business scaling and market expansion.

    He entered into an executive employment agreement with GRYP on September 17, 2024, and continues to drive the company’s vision and strategy as reflected in the most recent information as of March 31, 2025.

    $GRYP Performance Under Steve Gutterman

    Past Roles

    OrganizationRoleDate RangeDetails
    Gryphon Digital Mining (Board)Member of BoardUp to September 17, 2024 Past board membership before CEO appointment
    Falcon InternationalCEOJuly 2021 - July 2024 One of the largest private cannabis companies in California
    General Cannabis Corp (TREES Corporation)CEOJanuary 2020 - July 2021 Cannabis retailer and cultivator company
    Harvest Health & Recreation Inc.PresidentMay 2018 - November 2020 Acquired by Trulieve to form the largest U.S. cannabis company by revenue
    GeoPollCEONovember 2012 - July 2018 Market research company
    MBH EnterprisesManaging DirectorAugust 2005 - November 2012 Private equity company focused on technology & infrastructure
    E*TRADE FinancialEVP and COO of E*TRADE BankFebruary 2000 - July 2005 Bank's assets increased from $1B to $35B during tenure

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Annual Base Salary$450,000 Paid per normal payroll practices May be increased at Board discretion but not reduced
    Sign-on Equity Grant$1,000,000 Granted at sign-on; RSUs vest in equal installments on the first two anniversaries for time-based RSUs and upon remediation for market-based RSUs Total of 1,671,681 RSUs: 1,114,454 time-based and 557,228 market-based
    Outstanding Equity Awards$735,000 (Time-based) and $312,000 (Market-based) Time-based RSUs vest on the first two anniversaries; market-based RSUs vest upon remediation of listing qualification failures Grant date of September 30, 2024; based on a closing price of $0.66 on the grant date

    Performance Compensation

    Data from  FY 2024

    Incentive Bonus

    The Incentive Bonus for 2024 is a performance-based plan structured into four tranches with specific performance metrics, targets, and conditions, as detailed below.

    TrancheStock Price Goal (30-day VWAP)Market Capitalization GoalBonus Payable (% of Base Salary)
    Tranche 1$2.50 $150 million 100%
    Tranche 2$2.50 $250 million 200%
    Tranche 3$5.00 $500 million 300%
    Tranche 4$10.00 $1 billion 500%
    • Conditions: Vesting occurs only when both the stock price and market capitalization thresholds for a tranche are achieved simultaneously.
    • Change in Control: Accelerated vesting may occur if, during a change in control, the consideration per share exceeds the stock price goal and the total transaction value exceeds the market capitalization goal.
    • Employment Requirement: Continuous employment through the payment date is required for any tranche to vest.
    • Grant Date: September 30, 2024.