How Andreeff was paid
$2.1M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Joseph CheeExecutive Chairman | $91,304 | $213,804 | — | $6,632,526 | — | — | $6,938,212 |
| Dane C. AndreeffPresident and Chief Executive Officer | $419,000 | $890,000 | $636,456 | — | $146,650 | $33,488 | $2,125,594 |
| Jeffrey S. MathiesenChief Financial Officer, Treasurer and Secretary | $401,000 | $610,000 | $317,990 | — | $112,280 | $38,083 | $1,479,353 |
What changed and why
- $2.1MDane C. Andreeff received a total compensation of $2,125,594 in fiscal 2025 compared to $1,269,419 in fiscal 2024.
- Base salaries for Messrs.
- 4%Andreeff and Mathiesen increased by 4% in 2025 to account for cost of living increases.
- $525KJoseph Chee was appointed Executive Chairman in September 2025 with a base salary of $525,000.
- Messrs.
- $890KAndreeff and Mathiesen received one-time cash bonuses of $890,000 and $610,000 in connection with private placements.
- Compensation targets for the annual bonus included corporate objectives related to regulatory, revenue, financing, and reimbursement goals.
Other Solana proxy statements
- 2025 proxy statement
Dane C. Andreeff paid $1.3M (-22% on the year).
Filed Oct 14, 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.