Merrick Okamoto conditional RSU awards tied to market capitalization milestones
Company: Marathon Digital
The claim, verbatim
Effective December 31, 2020 Merrick Okamoto granted conditional RSU awards: 1,000,000 RSUs when market capitalization sustains above $500 million for 30 consecutive days, 1,000,000 RSUs at $750 million threshold, 2,000,000 RSUs at $1 billion threshold, and 2,000,000 RSUs at $2 billion threshold.
Source (primary)
Marathon Digital 10-K filed 2022-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “He was also granted the following: award of 1,000,000 RSUs when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $500,000,000; award of 1,000,000 RSUs priced when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $750,000,000; award of 2,000,000 RSUs priced at lowest closing stock price in past 30 trading days when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $1,000,000,000; and award of 2,000,000 RSUs when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $2,000,000,000.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
All four market-capitalization RSU milestones and thresholds are stated verbatim in the document.
Confirmed in the source:
- Effective December 31, 2020 Okamoto granted conditional RSU awards
- 1,000,000 RSUs at $500 million market cap threshold (30 consecutive days)
- 1,000,000 RSUs at $750 million threshold
- 2,000,000 RSUs at $1 billion threshold
- 2,000,000 RSUs at $2 billion threshold
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315222006446/form10-k.htm) in full (385,382 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-K filed 2022-03-10
Quote: “He was also granted the following: award of 1,000,000 RSUs when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $500,000,000; award of 1,000,000 RSUs priced when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $750,000,000; award of 2,000,000 RSUs priced at lowest closing stock price in past 30 trading days when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $1,000,000,000; and award of 2,000,000 RSUs when the company's market capitalization reaches and sustains a market capitalization for 30 consecutive days above $2,000,000,000.”