Chief Accounting Officer John Lee RSU vesting schedule
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
No passage reports that any tranche of Mr. Lee's 120,000 RSUs vested or was forfeited. He is still listed as Chief Accounting Officer in early 2024. By 2026 he is absent from the management team and named-officer tables, and Salman Khan signs as Principal Financial and Accounting Officer, which hints he may have left, but no passage says when or what happened to the unvested RSUs.
“Adam Swick, Chief Growth Officer, and John Lee, Chief Accounting Officer”
2024-02-01 · Marathon Digital 8-K filed 2024-02-02 View cached copy (2026-08-31)Live source ↗
“Name: Salman Khan Title: Chief Financial Officer (Principal Financial and Accounting Officer)”
2026-08-05 · Marathon Digital 10-Q filed 2026-08-06 View cached copy (2026-08-30)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
John Lee (Chief Accounting Officer) has 120,000 RSUs vesting with 40,000 on December 31, 2023 and 10,000 per quarter through December 31, 2025
Source (primary)
Marathon Digital PRE 14A filed 2023-06-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Mr. Lee is due 120,000 restricted stock units upon joining as the Company's Chief Accounting Officer which shall vest 33.33% (40,000) on his first anniversary December 31, 2023 and then 10,000 on each successive quarter end of March 31, 2024, June 30, 2024, September 20, 2024, December 31, 2024, March 31, 2025, June 30, 2025, September 30, 2025 and December 31, 2025.”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the 120,000-RSU grant but describes its vesting two different ways, so it does not cleanly establish the schedule in the claim.
Confirmed in the source:
- John Lee is the Chief Accounting Officer
- Lee was granted 120,000 restricted stock units
- One passage of the filing says 40,000 of Lee's RSUs vest on December 31, 2023, then 10,000 per quarter through December 31, 2025
We could not confirm this from the cited source:
- That Lee's RSUs vest 40,000 on December 31, 2023 and then 10,000 per quarter: the same filing's description of his employment agreement gives a different schedule, with 30,000 vesting on October 31, 2023 and then 12,500 per quarter for eight quarters
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223021104/formpre14a.htm) in full (113,914 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital PRE 14A filed 2023-06-13
Quote: “Mr. Lee is due 120,000 restricted stock units upon joining as the Company's Chief Accounting Officer which shall vest 33.33% (40,000) on his first anniversary December 31, 2023 and then 10,000 on each successive quarter end of March 31, 2024, June 30, 2024, September 20, 2024, December 31, 2024, March 31, 2025, June 30, 2025, September 30, 2025 and December 31, 2025.”