Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Niagen Bioscience, Inc. (NAGE)

Fiscal year 2025 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.

$8,381,900
Robert Fried total, FY2025
CEO pay percentile vs peers
67:1
CEO-to-median pay ratio
95.72%
Say-on-pay support, latest vote
Companies that benchmark against NAGE
No companies currently name NAGE as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Fried$645,962$0$5,220,188$1,949,648$565,378$0$724$8,381,900
Chief Executive Officer
Ozan Pamir400,0000068,239237,000011,236716,475
Chief Financial Officer
Carlos Lopez320,0000077,985150,65609,373558,014
SVP, General Counsel

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 FY20242025
Robert Fried$8,381,900$1,212,131$1,160,206+7,169,769
Ozan Pamir716,475461,641+254,834
Carlos Lopez558,014347,638+210,376

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

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
Carlos LopezOPTION2025-02-1219,691$77,985
Robert FriedPSU2025-02-251,518,6001,518,6005,220,188
Robert FriedOPTION2025-02-12492,2781,949,648
Ozan PamirOPTION2025-02-1217,23068,239
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Carlos Lopez$0$0$77,9850.0%
Robert Fried05,220,1881,949,64872.8%
Ozan Pamir0068,2390.0%

% 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
Robert FriedOption155,3881.52
Robert FriedPSU1,518,6005,220,188
Robert FriedOption17,0211.82
Robert FriedOption492,2785.48
Ozan PamirOption89,5553.46
Ozan PamirOption17,2305.48
Carlos LopezOption40,0472.97
Carlos LopezOption19,6915.48
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is to provide an executive compensation package that enables it to attract, retain, and motivate executive officers to achieve near-term and long-term business objectives. A significant portion of total compensation is at risk and dependent upon the achievement of company and individual objectives, with the aim of rewarding strong performance with competitive pay.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantExequity
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-2443,188,9581,930,441171,97895.72%Passed
20252025-06-2754,899,4831,160,61956,46097.93%Passed
20242024-06-2040,766,034882,683464,44997.88%Passed
20232023-06-2043,580,1021,443,54429,77196.79%Passed
20222022-06-1636,049,8051,100,329410,94497.04%Passed
20212021-06-1735,256,419492,856162,90098.62%Passed

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
20262026-06-2495.72%a
20252025-06-2797.93%b
20242024-06-2097.88%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.

07

CEO pay ratio

Ratio (CEO : median employee)67 : 1
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Steven RubinIndependent · Lead Independent Director · Compensation (Chair)$95,000$198,076$0$293,076
Frank Jaksch JrNot independent · Board Chair70,000198,0760268,076
Ann CohenIndependent · Audit (Chair)67,500198,0760265,576
Kristin PatrickIndependent · Nominating and Corporate Governance (Chair)60,000198,0760258,076
Gary NgIndependent · Compensation47,500198,0760245,576
Hamed ShahbaziIndependent · Nominating and Corporate Governance45,000198,0760243,076
Wendy YuIndependent · Nominating and Corporate Governance45,000198,0760243,076
Robert FriedEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$20,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guidelineAs of December 31, 2025, our Chief Executive Officer and all of our named executive officers were in compliance with the Stock Ownership Policy... All other non-employee directors remain within their applicable compliance periods
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$430,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$430,000

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
1Niagen Bioscience, Inc.2025Robert Fried$645,962$5,220,188$1,949,648$565,378$8,381,900

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.

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, Robert FriedDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation”. As printed: 8,381,900. Filing ↗machine: r2 · c45 · span 456542–456551
2Section 01, Ozan PamirDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation”. As printed: 716,475. Filing ↗machine: r6 · c45 · span 467703–467710
3Section 01, Carlos LopezDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation”. As printed: 558,014. Filing ↗machine: r8 · c45 · span 474470–474477
4Section 03, Carlos Lopez OPTIONDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 516768–516774
5Section 03, Robert Fried PSUDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 502228–502237
6Section 03, Robert Fried OPTIONDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 498940–498949
7Section 03, Ozan Pamir OPTIONDEF 14A2026-04-290001386570-26-000022Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 509974–509980
8Section 07, pay ratioDEF 14A2026-04-290001386570-26-000022Section “CEO Pay Ratio”. As printed: 67 : 1. Filing ↗
9Section 08, Steven RubinDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 293,076. Filing ↗
10Section 08, Frank Jaksch JrDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 268,076. Filing ↗
11Section 08, Ann CohenDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 265,576. Filing ↗
12Section 08, Kristin PatrickDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 258,076. Filing ↗
13Section 08, Gary NgDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 245,576. Filing ↗
14Section 08, Hamed ShahbaziDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 243,076. Filing ↗
15Section 08, Wendy YuDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 243,076. Filing ↗
16Section 08, Robert FriedDEF 14A2026-04-290001386570-26-000022Section “Director Compensation”. As printed: 0. Filing ↗
17Section 06, 2026 voteForm 8-K2026-06-290001386570-26-000035Item 5.07 · say-on-pay result. As reported: 95.72% (votes for as printed: 43,188,958). Filing ↗
18Section 06, 2025 voteForm 8-K2025-06-270001628280-25-033302Item 5.07 · say-on-pay result. As reported: 97.93% (votes for as printed: 54,899,483). Filing ↗
19Section 06, 2024 voteForm 8-K2024-06-240001628280-24-029643Item 5.07 · say-on-pay result. As reported: 97.88% (votes for as printed: 40,766,034). Filing ↗
20Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
22Section 09b board cost (computed)ComputedcomputedCash 430,000 + equity 0 + all other 0 = 430,000, summed across the director compensation table rows.machine: formula: Σ = 430,000
23Niagen Bioscience, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-290001386570-26-000022CEO total compensation as printed in Niagen Bioscience, Inc.'s own proxy. As printed: 8,381,900. Filing ↗machine: r2 · c45 · span 456542–456551