How PhD was paid
$19.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Options | Other | Total |
|---|---|---|---|---|---|
| Oguzhan Atay, PhDChief Executive Officer | $371,808 | $136,001 | $19,166,505 | $10,588 | $19,684,903 |
| David Tsao, PhDPresident and Chief Technology Officer | $332,939 | $113,845 | $9,583,253 | $14,000 | $10,044,036 |
| John ListerChief Administrative Officer | $182,978 | $61,213 | $3,090,146 | $2,401 | $3,361,110 |
What changed and why
- $19.7MChief Executive Officer total compensation reached $19,684,903 primarily due to pre-IPO option grants.
- $19.2MOption awards for the Chief Executive Officer totaled $19,166,505 in fiscal year 2025.
- Discretionary cash bonuses were awarded to executive officers under the corporate bonus plan.
- Chief Administrative Officer John Lister joined the company on July 7, 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.