Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-08-27

Cue Health (HLTHQ)

CEO Clint Sever was paid $1,352,114 in fiscal year 2023, ↓ down 56.9% from fiscal year 2022 (SEC filing 0001628945-24-000069 ↗): 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.

$1,871,269
Ayub Khattak total, FY2023
former Chief Executive Officer 4 — highest-paid officer; CEO Clint Sever: $1,352,114
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CEO (Clint Sever) pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

Ask our research desk, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Clint Sever (Chief Executive Officer 5), FY2023 total compensation $1,352,114 (base salary $551,511) [exec_comp, SEC accession 0001628945-24-000069, filed 2024-04-22]
01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ayub Khattak$576,580$0$0$1,277,447$0$0$17,242$1,871,269
former Chief Executive Officer 4
Clint Sever551,5110309,787470,6380020,1781,352,114
Chief Executive Officer 5
Aasim Javed407,4230728,00000033,7811,169,204
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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Ayub Khattak$1,871,269$3,787,962—↓ −1,916,693
Clint Sever1,352,1143,136,735—↓ −1,784,621
Aasim Javed1,169,2041,017,561—↑ +151,643

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 HLTHQ
1 company names HLTHQ as a compensation peer

Each company listed discloses HLTHQ 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 HLTHQ 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

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Tarsadia Capital, LLCGreater-than-10% holder2024-08-23D1,067,674$0$0Common, indirectForm 4 ↗
Tarsadia Capital, LLCGreater-than-10% holder2024-08-23D3,230,77900Common, indirectForm 4 ↗
Tarsadia Capital, LLCGreater-than-10% holder2024-08-23D10,684,79101,068Common, indirectForm 4 ↗
Tarsadia Capital, LLCGreater-than-10% holder2024-08-27D3,319,00000Common, indirectForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Clint SeverRSU121,012—$19,362
Ayub KhattakRSU235,905—37,745
Ayub KhattakRSU427,049—68,328
Aasim JavedRSU284,375—45,500
Clint SeverPSU1,560,686—249,710
Clint SeverRSU833,333—0
Ayub KhattakPSU1,774,614—283,938
Clint SeverRSU1,130,797—0
Clint SeverRSU349,404—55,905
Clint SeverRSU193,014—30,882
Ayub KhattakRSU295,900—0
Aasim JavedRSU37,500—6,000
Aasim JavedRSU36,252—5,800
Clint SeverRSU295,900—0
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation policies and philosophies are designed to align compensation with business objectives, while also enabling us to attract, motivate and retain individuals who contribute to our long-term success. The compensation of our named executive officers has consisted of a base salary and cash bonus, retirement, health and welfare benefits, and equity awards.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensia, Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Joshua GhaimIndependent · Audit Committee · Compensation Committee (Chair) · Nominating and Corporate Governance Committee$74,000$33,549———$107,549
Maria MartinezIndependent · Audit Committee · Compensation Committee · Nominating and Corporate Governance Committee (Chair)73,00033,549———106,549
Carole FaigIndependent · Audit Committee (Chair)70,00033,549———103,549
Sachin JainIndependent · Audit Committee · Nominating and Corporate Governance Committee62,00033,549———95,549
Joanne BradfordIndependent · Compensation Committee · Nominating and Corporate Governance Committee59,00033,549———92,549
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 12,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$338,000
Equity awards (grant-date value)$167,745
All other compensation$0
Total cost of the board$505,745

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
1Cue Health2023Clint Sever$551,511$309,787$470,638$0$1,352,114

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 Cue Health in fiscal 2023?
As disclosed, Ayub Khattak (former Chief Executive Officer 4) was the highest-paid executive at Cue Health in fiscal 2023, with total compensation of $1,871,269.
How much does Cue Health spend in total on board compensation for fiscal 2023?
As disclosed, Cue Health reported total board compensation of $505,745 for fiscal 2023.

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, Ayub KhattakDEF 14A2024-04-220001628945-24-000069Section “Summary Compensation Table” · page 43. As printed: 1,871,269. Filing ↗machine: r2 · c30 · span 592443–592452
2Section 01, Clint SeverDEF 14A2024-04-220001628945-24-000069Section “Summary Compensation Table” · page 43. As printed: 1,352,114. Filing ↗machine: r5 · c30 · span 599464–599473
3Section 01, Aasim JavedDEF 14A2024-04-220001628945-24-000069Section “Summary Compensation Table” · page 43. As printed: 1,169,204. Filing ↗machine: r8 · c30 · span 606128–606137
4Section 08, Joshua GhaimDEF 14A2024-04-220001628945-24-000069Section “Director Compensation”. As printed: 107,549. Filing ↗machine: span 363578–363729
5Section 08, Maria MartinezDEF 14A2024-04-220001628945-24-000069Section “Director Compensation”. As printed: 106,549. Filing ↗machine: span 366506–366657
6Section 08, Carole FaigDEF 14A2024-04-220001628945-24-000069Section “Director Compensation”. As printed: 103,549. Filing ↗machine: span 362128–362279
7Section 08, Sachin JainDEF 14A2024-04-220001628945-24-000069Section “Director Compensation”. As printed: 95,549. Filing ↗machine: span 365027–365177
8Section 08, Joanne BradfordDEF 14A2024-04-220001628945-24-000069Section “Director Compensation”. As printed: 92,549. Filing ↗machine: span 360651–360801
9Section 02, Tarsadia Capital, LLC 2024-08-23Form 42024-08-270000902664-24-005276Insider equity transaction reported since the proxy statement. Filing ↗
10Section 02, Tarsadia Capital, LLC 2024-08-23Form 42024-08-270000902664-24-005276Insider equity transaction reported since the proxy statement. Filing ↗
11Section 02, Tarsadia Capital, LLC 2024-08-23Form 42024-08-270000902664-24-005276Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, Tarsadia Capital, LLC 2024-08-27Form 42024-08-270000902664-24-005276Insider equity transaction reported since the proxy statement. Filing ↗
13Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 09b board cost (computed)Computed——Cash 338,000 + equity 167,745 + all other 0 = 505,745, summed across the director compensation table rows.machine: formula: Σ = 505,745
15Cue Health (subject), Section 10b CEO totalDEF 14A2024-04-220001628945-24-000069CEO total compensation as printed in Cue Health's own proxy. As printed: 1,352,114. Filing ↗machine: r5 · c30 · span 599464–599473

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