How Perez was paid
$45.8M 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 | Stock | Other | Total |
|---|---|---|---|---|
| Daniel PerezChief Executive Officer and Co-Founder | $500,000 | $45,305,139 | $7,000 | $45,812,139 |
| James BudgeChief Financial Officer | $416,667 | $3,004,313 | $27,985 | $3,448,965 |
| Jim PursleyPresident | $500,000 | $3,167,813 | $23,993 | $3,691,806 |
What changed and why
- $45.8MCEO total compensation increased to $45,812,139 in 2025 from $508,728 in 2024 due to significant stock awards.
- $500KBase salary for CEO Daniel Perez remained unchanged at $500,000 for fiscal year 2025.
- No cash bonuses or incentive arrangements were awarded to named executive officers in 2025.
- $500KJames Budge's base salary returned to $500,000 on May 1, 2025 after a temporary reduction.
- $375KJim Pursley's annual base salary was increased from $375,000 to $500,000 in 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.