Jay Leupp is Managing Partner and Senior Portfolio Manager of Terra Firma Asset Management. He joined Marathon Digital's board in May 2021 and currently chairs the Risk and Audit Committee, while serving on the Talent, Culture and Compensation and Nominating and Corporate Governance committees. He is age 62.
Leupp has over 30 years of investment management and real estate capital markets experience. He founded Grubb & Ellis Alesco Global Advisors as President and CEO, establishing and leading a real estate securities mutual fund platform until the firm's acquisition by Lazard in 2011; he then served as Managing Director at Lazard, overseeing its global real estate securities practice. Prior to that, he held the position of Managing Director for Real Estate Equity Research at RBC Capital Markets and Robertson Stephens & Company, and gained foundational experience at Staubach Company and Trammell Crow Company in commercial real estate leasing, acquisition and financing. He also worked at KPMG Peat Marwick.
Leupp holds a B.S. in Business Administration from Santa Clara University and an MBA from Harvard Business School. He serves on the boards of Healthcare Realty Trust Incorporated, Apartment Investment and Management Company, and G.W. Williams Company. He holds an inactive CPA credential.
Biography extracted from Marathon Digital DEF 14A filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
Roles
Contiguous filings for the same role are collapsed into a single tenure span. Click a row to see the underlying filings.
| Company | Role | Tenure | Filings |
|---|---|---|---|
| Marathon Digital | Director | 2021-08 → present (5y 1mo) | 11 |
Show 11 underlying filings | |||
Insider transactions
Totals for this person
| Bucket | Invested (shares) | Invested (USD) | Divested (shares) | Divested (USD) | Net direction | Txns | Invested @ last price | Divested @ last price |
|---|---|---|---|---|---|---|---|---|
| All time | 255,629 | $819.5K | 42,839 | $1.09M | ↓ Divested $271.8K | 16 | $2.98M | $498.6K |
| 2026 | 82,759 | $0 | - | $0 | Flat | 1 | $963.3K | $0 |
| 2025 | 43,103 | $0 | - | $0 | Flat | 1 | $501.7K | $0 |
| 2024 | 91,204 | $0 | 18,000 | $506.4K | ↓ Divested $506.4K | 4 | $1.06M | $209.5K |
| 2024-Q2 | 28,887 | $0 | - | $0 | Flat | 1 | $336.2K | $0 |
| 2024-Q4 | - | $0 | 18,000 | $506.4K | ↓ Divested $506.4K | 2 | $0 | $209.5K |
| 2025-Q1 | 43,103 | $0 | - | $0 | Flat | 1 | $501.7K | $0 |
| 2026-Q1 | 82,759 | $0 | - | $0 | Flat | 1 | $963.3K | $0 |
Invested = shares acquired (buys, grants, option exercises) — insider adding to the position. Divested = shares reduced (sells, dispositions, tax-withholding) — cash flowing TO the insider. Net direction shows which side wins on dollar terms in each bucket. % of holder's stake not yet computed (pending Form 3/4 holdings ingest). See methodology. The two @ last price columns restate the same share counts at the most recent share price we read (close of 2026-09-17); they are a valuation, not a cash flow, and they move every day the market does.
All transactions
| Date | Company | Kind | Shares | Amount (USD) | Value @ last price |
|---|---|---|---|---|---|
| 2026-02-13 | Marathon Digital | Grant / award / vesting | 82,759 | - | $963.3K |
| 2025-02-28 | Marathon Digital | Grant / award / vesting | 43,103 | - | $501.7K |
| 2024-11-29 | Marathon Digital | Open-market sale | 6,800 | $203,320 | $79.2K |
| 2024-11-25 | Marathon Digital | Open-market sale | 11,200 | $303,072 | $130.4K |
| 2024-05-01 | Marathon Digital | Grant / award / vesting | 28,887 | - | $336.2K |
| 2024-01-31 | Marathon Digital | Grant / award / vesting | 62,317 | - | $725.4K |
| 2022-12-14 | Marathon Digital | Derivative conversion | 1,092 | $5,285 | $12.7K |
| 2022-04-25 | Marathon Digital | Derivative conversion | 12,632 | $229,271 | $147.0K |
| 2022-04-25 | Marathon Digital | Grant / award / vesting · RSUs | 12,632 | $229,271 | $147.0K |
| 2022-04-25 | Marathon Digital | Sale to issuer (buyback) · RSUs | 12,632 | $229,271 | $147.0K |
| 2022-04-18 | Marathon Digital | Derivative conversion | 4,069 | $85,042 | $47.4K |
| 2022-04-18 | Marathon Digital | Sale to issuer (buyback) · RSUs | 4,069 | $85,042 | $47.4K |
| 2022-01-03 | Marathon Digital | Derivative conversion | 4,069 | $133,829 | $47.4K |
| 2022-01-03 | Marathon Digital | Sale to issuer (buyback) · RSUs | 4,069 | $133,829 | $47.4K |
| 2021-10-05 | Marathon Digital | Derivative conversion | 4,069 | $136,840 | $47.4K |
| 2021-10-05 | Marathon Digital | Sale to issuer (buyback) · RSUs | 4,069 | $136,840 | $47.4K |