How Wright was paid
$44.4M in total for fiscal Year 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 |
|---|---|---|---|---|---|
| David WrightCo-Founder; Chairman of the Board; Chief Executive Officer | $835,000 | — | $43,517,460 | $488 | $44,352,948 |
| Jason BeesleyChief Financial Officer | $731,000 | $500,000 | $12,278,488 | $2,925 | $13,512,413 |
| Melanie AlderCo-Founder; Chief Strategy Officer | $300,000 | — | — | $12,000 | $312,000 |
What changed and why
- $44.4MDavid Wright received total compensation of $44,352,948, including $43,517,460 in stock awards that were subsequently cancelled in August 2025.
- $500KJason Beesley received a discretionary cash bonus of $500,000 for completing the initial public offering.
- Milestone RSUs granted to the CEO were cancelled before any performance conditions were achieved.
- The PEO pay ratio without cancelled stock awards is 22 to 1 and with cancelled stock awards is 1,164 to 1.
- Equity awards utilized both service-based and liquidity-based vesting conditions satisfied by the September 2025 IPO.
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.