How IV was paid
$43,234 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Daniel Joseph Rice, IVChief Executive Officer | — | — | — | — | $43,234 | $43,234 |
| Brian AllenFormer President and Chief Operating Officer | $106,250 | — | $850,000 | — | $742,488 | $1,698,738 |
| Akash PatelFormer Chief Financial Officer | $105,000 | — | $756,000 | — | $739,355 | $1,600,355 |
| Marc HorstmanChief Operating Officer and President | $382,167 | $100,000 | $929,558 | $210,300 | $1,591 | $1,623,616 |
What changed and why
- $43,234Chief Executive Officer Daniel Joseph Rice, IV received no base salary and total compensation of $43,234 in 2025.
- Brian Allen and Akash Patel ceased serving as executive officers in April 2025 and received severance payments.
- $1.6MMarc Horstman was appointed as Chief Operating Officer and President and received $1,623,616 in total compensation.
- $100KMarc Horstman received a $100,000 retention bonus in September 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.