2018 Equity Incentive Plan share increase
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
No passage reports that stockholders approved the 15,000,000-share increase at the June 27, 2024 meeting. P29 gives only the remaining reserve as of March 2025.
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
The company will increase the number of shares of Common Stock reserved under the 2018 Equity Incentive Plan by 15,000,000 shares, effective upon stockholder approval at the June 27, 2024 annual meeting.
Source (primary)
Marathon Digital DEFA14A filed 2024-06-20 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “increase the number of shares of our common stock, par value $0.0001 per share (the "Common Stock") reserved under our 2018 Plan by 15,000,000”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The proxy supplement states that the 2018 Plan amendment would increase the reserved shares by 15,000,000. It also says the amendment becomes effective as of the June 27, 2024 annual meeting if stockholders approve Proposal No. 4.
Confirmed in the source:
- Marathon Digital Holdings proposed an amendment to its Amended and Restated 2018 Equity Incentive Plan to increase the shares of Common Stock reserved under it.
- The proposed increase is 15,000,000 shares.
- The amendment takes effect as of the annual meeting only if stockholders approve it (Proposal No. 4).
- The annual meeting was scheduled for Thursday, June 27, 2024.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315224024436/formdefa14a.htm) in full (8,143 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital DEFA14A filed 2024-06-20
Quote: “increase the number of shares of our common stock, par value $0.0001 per share (the "Common Stock") reserved under our 2018 Plan by 15,000,000”