How Walker was paid
$9.3M 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 | Other | Total |
|---|---|---|---|---|---|---|
| Jay Jiang YuPresident, Secretary, and Chairman of the Board of Directors | $496,667 | $600,000 | $4,018,086 | $6,043,422 | — | $11,158,175 |
| James WalkerChief Executive Officer and Director | — | $300,000 | $2,511,348 | $6,043,422 | $426,668 | $9,281,438 |
| Jaisun GarchaChief Financial Officer | — | $200,000 | $1,507,001 | $3,021,711 | $326,333 | $5,055,045 |
| Florent HeidetFormer Chief Technology Officer | $208,333 | $125,000 | $804,055 | $6,812,116 | $3,333 | $7,952,837 |
What changed and why
- $9.3M$9,281,438 was CEO James Walker’s 2025 total compensation, compared with $185,000 in 2024.
- $6M$6,043,422 in option awards and $2,511,348 in RSUs comprised Walker’s 2025 equity compensation.
- $300K$300,000 was Walker’s discretionary bonus for fiscal year 2025.
- $427K$426,668 in Walker’s All Other Compensation reflected consulting fees while he was an independent contractor.
- The annual cash incentive program remained discretionary and was based on strategic, operational, and organizational milestones.
- The company expects to adopt a more formal, metric-oriented incentive program as it approaches commercialization.
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.