Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-11

Airgain (AIRG)

CEO Jacob Suen was paid $1,119,149 in fiscal year 2025, ↓ down 14.9% from fiscal year 2024 (SEC filing 0001193125-26-197736 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,119,149 ↓
Jacob Suen total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
61.71%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Jacob Suen (President and Chief Executive Officer), FY2025 total compensation $1,119,149 (base salary $450,000) [exec_comp, SEC accession 0001193125-26-197736, filed 2026-04-30]

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AIRG's next annual pay disclosure, estimated April 30, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jacob Suen$450,000$0$382,814$169,210$103,125$0$14,000$1,119,149
President and Chief Executive Officer
Ali Sadri325,0000162,46767,68244,68607,245607,081
Former Chief Technology Officer
Michael Elbaz315,0000164,82470,50343,311011,655605,293
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Jacob Suen$1,119,149$1,315,616—↓ −196,467
Ali Sadri607,081758,996—↓ −151,915
Michael Elbaz605,293702,047—↓ −96,754

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against AIRG
3 companies name AIRG as a compensation peer

Each company listed discloses AIRG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AIRG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael ElbazRSU2025-07-15——5,706——
Michael ElbazRSU2025-03-15——10,710——
Michael ElbazRSU2026-03-15——10,774——
Michael ElbazRSU2025-03-15——24,287——
Michael ElbazOPTION2025-03-15——29,499——
Ali SadriRSU2025-03-15——11,050——
Ali SadriOPTION2025-03-15——28,319——
Ali SadriRSU2025-03-15——23,316——
Ali SadriRSU2025-07-15——5,888——
Ali SadriRSU2026-03-15——11,116——
Jacob SuenOPTION2025-03-15——70,799——
Jacob SuenRSU2026-03-15——25,653——
Jacob SuenRSU2025-07-15——8,152——
Jacob SuenRSU2025-03-15——58,290——
Jacob SuenRSU2025-03-15——25,501——
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael ElbazRSU22,476—$91,253
Jacob SuenOption2,1559.46—
Jacob SuenOption26,5015.07—
Michael ElbazRSU2,853—11,583
Ali SadriOption9629.46—
Ali SadriRSU14,433—58,598
Michael ElbazRSU34,997—142,088
Jacob SuenRSU54,217—220,121
Jacob SuenRSU51,868—210,584
Michael ElbazRSU8,466—34,372
Michael ElbazOption18,1217.11—
Jacob SuenRSU6,536—26,536
Jacob SuenOption70,7994.36—
Ali SadriOption18,3025.07—
Jacob SuenRSU20,900—84,854
Ali SadriRSU21,612—87,745
Ali SadriRSU2,944—11,953
Jacob SuenRSU4,076—16,549
Jacob SuenRSU83,791—340,191
Ali SadriRSU34,366—139,526
Michael ElbazRSU23,618—95,889
Michael ElbazRSU11,743—47,677
Ali SadriRSU2,917—11,843
Michael ElbazOption30,2075.38—
Michael ElbazOption29,4994.36—
Ali SadriOption44,0455.38—
Ali SadriOption28,3194.36—
05

Incentive-plan design — the Compensation Discussion & Analysis

Airgain’s compensation philosophy is intended to attract, retain, and motivate executive team members, align rewards with company and individual performance, and incentivize executives to drive both short- and long-term value for shareholders. The company targets total target annual cash compensation between the 40th and 65th percentiles of market peers and equity compensation between the 45th and 75th percentiles.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-103,667,0412,275,81091,91561.71%Passed
20252025-06-112,685,0842,476,51011,60952.02%Passed
20242024-06-124,017,8062,062,1044,41766.08%Passed
20232023-06-213,475,7912,916,53615,50054.37%Passed
20222022-06-223,095,6282,590,24417,62054.44%Passed
20212021-06-23—————

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1061.71%a
20252025-06-1152.02%b
20242024-06-1266.08%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James K. SimsNot independent · Board Chair · Compensation$63,800$59,231$43,231—$0$166,261
Thomas A. MunroIndependent · Audit · Compensation (Chair)50,60041,49528,820—0120,915
Joan H. GillmanIndependent · Audit · Nominating and Corporate Governance (Chair)48,00040,84628,820—0117,667
Arthur M. ToscaniniIndependent · Audit (Chair)48,00040,84628,820—0117,667
Tzau-Jin ChungIndependent · Compensation37,30038,17928,820—0104,299
Kiva A. AllgoodIndependent · Nominating and Corporate Governance36,00037,85228,820—0102,673
Jacob SuenEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$32,000
Annual equity retainer$30,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)16,000 / 10,600 / 4,000
Stock ownership guideline$3
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$283,700
Equity awards (grant-date value)$258,449
All other compensation$0
Total cost of the board$542,149

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Airgain2025Jacob Suen$450,000$382,814$169,210$103,125$1,119,149

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Airgain in fiscal 2025?
As disclosed, Jacob Suen (President and Chief Executive Officer) was the highest-paid executive at Airgain in fiscal 2025, with total compensation of $1,119,149.
How did shareholders vote on Airgain's executive compensation?
As disclosed, 61.71% of shareholders supported Airgain's executive compensation in the latest say-on-pay vote.
How much does Airgain spend in total on board compensation for fiscal 2025?
As disclosed, Airgain reported total board compensation of $542,149 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jacob SuenDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation”. As printed: 1,119,149. Filing ↗machine: r2 · c21 · span 858004–858013
2Section 01, Ali SadriDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation”. As printed: 607,081. Filing ↗machine: r8 · c21 · span 903549–903556
3Section 01, Michael ElbazDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation”. As printed: 605,293. Filing ↗machine: r5 · c21 · span 880777–880784
4Section 03, Michael Elbaz RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
5Section 03, Michael Elbaz RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 967365–967371
6Section 03, Michael Elbaz RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 918871–918877
7Section 03, Michael Elbaz RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 966587–966593
8Section 03, Michael Elbaz OPTIONDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 966568–966574
9Section 03, Ali Sadri RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 967376–967382
10Section 03, Ali Sadri OPTIONDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 966622–966628
11Section 03, Ali Sadri RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 966641–966647
12Section 03, Ali Sadri RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
13Section 03, Ali Sadri RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 918915–918921
14Section 03, Jacob Suen OPTIONDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 966518–966524
15Section 03, Jacob Suen RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 918832–918838
16Section 03, Jacob Suen RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 913453–913458
17Section 03, Jacob Suen RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 966537–966543
18Section 03, Jacob Suen RSUDEF 14A2026-04-300001193125-26-197736Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 967357–967363
19Section 08, James K. SimsDEF 14A2026-04-300001193125-26-197736Section “Director Compensation”. As printed: 166,261. Filing ↗machine: span 315031–315258
20Section 08, Thomas A. MunroDEF 14A2026-04-300001193125-26-197736Section “Director Compensation”. As printed: 120,915. Filing ↗machine: span 308839–309066
21Section 08, Joan H. GillmanDEF 14A2026-04-300001193125-26-197736Section “Director Compensation”. As printed: 117,667. Filing ↗machine: span 302645–302872
22Section 08, Arthur M. ToscaniniDEF 14A2026-04-300001193125-26-197736Section “Director Compensation”. As printed: 117,667. Filing ↗machine: span 321229–321456
23Section 08, Tzau-Jin ChungDEF 14A2026-04-300001193125-26-197736Section “Director Compensation”. As printed: 104,299. Filing ↗machine: span 296451–296678
24Section 08, Kiva A. AllgoodDEF 14A2026-04-300001193125-26-197736Section “Director Compensation”. As printed: 102,673. Filing ↗machine: span 290258–290485
25Section 08, Jacob SuenDEF 14A——Section “Director Compensation”. As printed: 0.
26Section 06, 2026 voteForm 8-K2026-06-110001193125-26-266988Item 5.07 · say-on-pay result. As reported: 61.71% (votes for as printed: 3,667,041). Filing ↗
27Section 06, 2025 voteForm 8-K2025-06-130000950170-25-086011Item 5.07 · say-on-pay result. As reported: 52.02% (votes for as printed: 2,685,084). Filing ↗
28Section 06, 2024 voteForm 8-K2024-06-140000950170-24-073375Item 5.07 · say-on-pay result. As reported: 66.08% (votes for as printed: 4,017,806). Filing ↗
29Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 09b board cost (computed)Computed——Cash 283,700 + equity 258,449 + all other 0 = 542,149, summed across the director compensation table rows.machine: formula: Σ = 542,149
31Airgain (subject), Section 10b CEO totalDEF 14A2026-04-300001193125-26-197736CEO total compensation as printed in Airgain's own proxy. As printed: 1,119,149. Filing ↗machine: r2 · c21 · span 858004–858013

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