CEO equity compensation - RSU vesting schedule
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
None of the later filings confirm that the joining-grant RSUs vested on schedule. The only Thiel grant described (P3) is a different May 2023 award.
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
Fred Thiel is due 500,000 restricted stock units, with 33.33% vesting upon the first anniversary of joining as CEO, and the remaining units vesting at 8.33% (41,650 shares) quarterly over 8 consecutive quarters thereafter.
Source (primary)
Marathon Digital DEF 14A filed 2022-09-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Mr. Thiel is due 500,000 restricted stock units upon joining as the Company's Chief Executive Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 235,000 RSUs will vest 8.33% (41,650) every three months thereafter for eight consecutive calendar quarters.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The proxy's ownership footnote states this vesting schedule for Thiel's 500,000 RSUs. The filing ties the first tranche to the agreement-signing anniversary, and it dates both the agreement and his CEO appointment to April 26, 2021.
Confirmed in the source:
- Fred Thiel is due 500,000 restricted stock units
- 33.33% of Thiel's RSUs vest on the first anniversary of his CEO agreement, which the filing dates to April 26, 2021, the same day he was named CEO
- The remaining Thiel RSUs vest at 8.33% (41,650 units) every three months for eight consecutive calendar quarters
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315222025646/formdef14a.htm) in full (101,709 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital DEF 14A filed 2022-09-12
Quote: “Mr. Thiel is due 500,000 restricted stock units upon joining as the Company's Chief Executive Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 235,000 RSUs will vest 8.33% (41,650) every three months thereafter for eight consecutive calendar quarters.”