How Shah was paid
$280.8M 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 | Stock | Other | Total |
|---|---|---|---|---|
| Niraj ShahCo-Founder, Chief Executive Officer and President, Director | $80,000 | $280,557,500 | $209,568 | $280,847,068 |
| Jon BlotnerPresident, Commercial and Operations | $250,000 | $7,879,223 | $9,616 | $8,138,839 |
| Kate GulliverChief Financial Officer and Chief Administrative Officer | $250,000 | $7,660,668 | $10,000 | $7,920,668 |
| Fiona TanChief Technology Officer | $250,000 | $9,220,960 | $10,000 | $9,480,960 |
What changed and why
- $280.8MCEO total compensation increased significantly to $280,847,068 primarily due to a large multi-year PSU award.
- $80,000Base salaries for all named executive officers remained unchanged at $80,000 for the CEO and $250,000 for other NEOs.
- The CEO PSU award is contingent upon stockholder approval of an amendment to the 2023 Incentive Award Plan.
- $290KExcluding the CEO PSU award, the CEO annual total compensation would have been approximately $289,568.
- The compensation committee maintained heavy weighting toward equity-based compensation for executive retention and incentivization.
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.