How Kapustina was paid
$4.8M 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 | Bonus | Stock | Total |
|---|---|---|---|---|
| Veronika KapustinaChief Executive Officer | $338,068 | — | $4,429,367 | $4,767,435 |
| Sarah OlsenChief Financial Officer, Chief Operating Officer and Treasurer | $338,068 | $750,000 | $5,179,367 | $6,267,435 |
| Rory J. CutaiaFormer President, Chief Executive Officer, Secretary, and Treasurer | $549,677 | $150,000 | $7,200,508 | $7,900,185 |
| Bill RivardChief Accounting Officer | $235,313 | $297,328 | $225,000 | $757,641 |
What changed and why
- Veronika Kapustina served as Chief Executive Officer before transitioning out of the role in early 2026.
- 50%Sarah Olsen received a one-time bonus of $1,500,000 delivered 50% in RSUs and 50% in cash.
- $7.9MRory J. Cutaia received total compensation of $7,900,185 prior to his departure.
- $297KBill Rivard earned a discretionary bonus of $297,328 for successfully completing a PIPE financing.
Other TON Strategy proxy statements
- 2025 proxy statement
Rory J. Cutaia paid $1.7M (+77% on the year).
Filed Oct 03, 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.