Fred Thiel RSU grant
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
The passages do not report completion of vesting of the 500,000 joining RSUs. P3 concerns a separate May 2, 2023 grant with a different schedule.
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
Marathon Digital granted Fred Thiel 500,000 restricted stock units with 33.33% vesting upon first anniversary and remaining amount vesting at 8.33% quarterly for eight consecutive quarters
Source (primary)
Marathon Digital DEF 14A filed 2022-04-29 (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 statement's ownership-table footnote describes the 500,000-RSU award and the vesting schedule exactly as the claim states. Note that the filing's own figures are internally inconsistent: it says the remaining tranche is 235,000 RSUs, but eight payments of 41,650 total 333,200.
Confirmed in the source:
- Marathon Digital's 2022 proxy statement says Fred Thiel is due 500,000 restricted stock units upon joining as CEO, and its outstanding-awards table lists 500,000 unvested RSU awards for him as of December 31, 2021
- 33.33% of Fred Thiel's 500,000 RSUs vest on the first anniversary of signing his agreement
- The remaining Fred Thiel RSUs vest at 8.33% 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/1507605/000149315222011630/formdef14a.htm) in full (97,163 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital DEF 14A filed 2022-04-29
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.”