2.5 million unvested options with change of control acceleration
Company: Marathon Digital
The claim, verbatim
An additional 2,500,000 stock options were granted to Merrick Okamoto under the Employment Agreement dated October 11, 2018, which may be accelerated following a change of control or in certain other circumstances
Source (primary)
Marathon Digital SC 13D filed 2018-10-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “An additional 2,500,000 stock options have not vested and are subject to certain restrictions and are not currently exercisable and will not become exercisable within sixty (60) days of the date hereof, although they may be accelerated following a change of control and in certain other circumstances under the Employment Agreement entered between the Issuer and Merrick Okamoto dated October 11, 2018.”
How we checked this
Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.
The filing says the additional 2,500,000 unvested options may be accelerated under the October 11, 2018 Employment Agreement. It does not say the options were granted under that agreement or name the instrument under which they were granted.
Confirmed in the source:
- Merrick Okamoto holds an additional 2,500,000 stock options that have not vested and are not exercisable within 60 days
- An Employment Agreement between Marathon Patent Group and Merrick Okamoto is dated October 11, 2018
- Under that Employment Agreement, the additional 2,500,000 options may be accelerated following a change of control or in certain other circumstances
We could not confirm this from the cited source:
- The additional 2,500,000 stock options were granted under the Employment Agreement dated October 11, 2018
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/1507605/000149315218014549/formsc13d.htm) in full (9,800 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital SC 13D filed 2018-10-16
Quote: “An additional 2,500,000 stock options have not vested and are subject to certain restrictions and are not currently exercisable and will not become exercisable within sixty (60) days of the date hereof, although they may be accelerated following a change of control and in certain other circumstances under the Employment Agreement entered between the Issuer and Merrick Okamoto dated October 11, 2018.”