Hugh Gallagher RSU grant
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
Gallagher resigned as CFO on May 12, 2023, only weeks after the first tranche's March 31, 2023 vest date. The remaining quarterly tranches through 2025 presumably did not vest, though no passage explicitly states they were forfeited.
“vesting of the Compensation Shares shall vest 33.33% (50,000 restricted stock units “rsus”)) on March 31, 2023”
2023-04-27 · Marathon Digital 10-K/A filed 2023-04-28 View cached copy (2026-09-13)Live source ↗
“Hugh Gallagher, our former Chief Financial Officer, who resigned on May 12, 2023.”
2024-04-28 · Marathon Digital DEF 14A filed 2024-04-29 View cached copy (2026-08-31)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
Marathon Digital granted Hugh Gallagher 150,000 restricted stock units with 33.33% vesting upon first anniversary and remaining 100,000 units 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. Gallagher is due 150,000 restricted stock units upon joining as the Company's Chief Financial Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 100,000 RSUs will vest 8.33% (12,500) 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.
Both the ownership-table footnote and the description of Gallagher's employment agreement state the 150,000-RSU grant and its vesting schedule as claimed.
Confirmed in the source:
- Marathon Digital provided Hugh Gallagher a grant of 150,000 restricted stock units under his employment agreement effective March 31, 2022
- 33.33% (50,000) of Hugh Gallagher's RSUs vest on the first anniversary, March 31, 2023
- Hugh Gallagher's remaining 100,000 RSUs vest at 8.33% (12,500) 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. Gallagher is due 150,000 restricted stock units upon joining as the Company's Chief Financial Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 100,000 RSUs will vest 8.33% (12,500) every three months thereafter for eight consecutive calendar quarters.”