How Reeves was paid
$22.1M 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 | Stock | Other | Total |
|---|---|---|---|---|---|
| Will ReevesPrincipal Executive Officer | $460,025 | $80,000 | $21,500,000 | $10,500 | $22,050,525 |
| Bracebridge H. Young, Jr.Former Principal Executive Officer | — | $125,000 | — | — | $125,000 |
| Wolfe RepassChief Financial Officer | $370,863 | $60,000 | $1,500,000 | — | $1,930,863 |
| Thomas DickmanChief Technology Officer | $321,260 | $36,000 | $1,500,000 | $10,022 | $1,867,282 |
What changed and why
- $22.1MWill Reeves received total compensation of $22,050,525 in 2025 compared to $6,249,104 in 2024.
- $21.5MThe compensation increase was largely driven by $21,500,000 in stock awards granted in 2025.
- The company awarded special one-time deSPAC RSU grants following the completion of the business combination.
- 20%Management achieved 20% of their bonus targets for fiscal year 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.