Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-22

Nautilus Biotechnology (NAUT)

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.

$1,418,556
Sujal Patel total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
99.57%
Say-on-pay support, latest vote
Companies that benchmark against NAUT
1 company names NAUT as a compensation peer

Each company listed discloses NAUT 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 NAUT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Sujal Patel$535,000$0$0$654,981$227,375$0$1,200$1,418,556
Chief Executive Officer, President and Secretary
Parag Mallick420,00000282,146115,50000817,646
Chief Scientist
Anna Mowry440,00000161,226110,00001,200712,426
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 FY20242025
Sujal Patel$1,418,556$1,961,393−542,837
Parag Mallick817,6461,033,929−216,283
Anna Mowry712,426752,017−39,591

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

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
AH Equity Partners Bio II, L.L.C.Greater-than-10% holder2026-06-02D384,026$2$902,461Common, indirectForm 4 ↗
AH Equity Partners Bio II, L.L.C.Greater-than-10% holder2026-06-02D4,615,974210,847,539Common, indirectForm 4 ↗
Matthew PosardDirector2026-06-18A45,00000Derivative, Class A CommonForm 4 ↗
Epperly Melissa B,Director2026-06-18A45,00000Derivative, Class A CommonForm 4 ↗
Matthew McIlwainDirector2026-06-18A45,00000Derivative, Class A CommonForm 4 ↗
Farzad NazemDirector2026-06-18A45,00000Derivative, Class A CommonForm 4 ↗
Karen AkinsanyaDirector2026-06-18A45,00000Derivative, Class A CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sujal PatelOption$654,981
Parag MallickOption282,146
Anna MowryOption161,226
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sujal Patel$0$0$654,9810.0%
Parag Mallick00282,1460.0%
Anna Mowry00161,2260.0%

% 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
Parag MallickOption75,8342
Anna MowryOption11,6673.78
Anna MowryOption83,3342.72
Sujal PatelOption176,0422
Sujal PatelOption338,5422.72
Parag MallickOption11,6673.78
Parag MallickOption145,8342.72
Sujal PatelOption650,0001.24
Parag MallickOption280,0001.24
Anna MowryOption160,0001.24
Sujal PatelOption16,6673.78
Anna MowryOption43,3342
05

Incentive-plan design — the Compensation Discussion & Analysis

To achieve our goals, we have designed, and intend to modify as necessary, our compensation and benefits program to attract, retain, incentivize and reward deeply talented and qualified executives who share our philosophy and desire to work towards achieving these goals. We believe our compensation program should promote the success of the company and align executive incentives with the long-term interests of our stockholders.

CEO STI target (% of salary)85%
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1769,994,022268,34131,21099.57%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
20262026-06-1799.57%a

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal.”.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Matthew PosardIndependent · Board Chair · Audit · Compensation (Chair)$104,000$0$24,144$0$128,144
Melissa EpperlyIndependent · Audit (Chair) · Nominating/Governance62,639024,144086,783
Matthew McIlwainIndependent · Audit · Nominating/Governance (Chair)60,000024,144084,144
Karen AkinsanyaIndependent · Compensation · Nominating/Governance48,694024,144072,838
Farzad NazemIndependent · Compensation47,000024,144071,144
Michael AltmanIndependent · Compensation · Departed during FY22,1940022,194
Vijay PandeIndependent · Departed during FY21,2500021,250
Parag MallickEmployee director00000
Sujal PatelEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 7,000 / 5,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$365,777
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$365,777

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
1Nautilus Biotechnology2025Sujal Patel$535,000$0$654,981$227,375$1,418,556

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, Sujal PatelDEF 14A2026-04-280001808805-26-000023Section “Summary Compensation Table for the Fiscal Year Ended December 31, 2025”. As printed: 1,418,556. Filing ↗machine: r2 · c42 · span 312886–312895
2Section 01, Parag MallickDEF 14A2026-04-280001808805-26-000023Section “Summary Compensation Table for the Fiscal Year Ended December 31, 2025”. As printed: 817,646. Filing ↗machine: r4 · c42 · span 318255–318262
3Section 01, Anna MowryDEF 14A2026-04-280001808805-26-000023Section “Summary Compensation Table for the Fiscal Year Ended December 31, 2025”. As printed: 712,426. Filing ↗machine: r6 · c42 · span 323596–323603
4Section 03, Sujal Patel OptionDEF 14A2026-04-280001808805-26-000023Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t16 · r2 · c10 · span 311460–311467
5Section 03, Parag Mallick OptionDEF 14A2026-04-280001808805-26-000023Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t16 · r4 · c10 · span 317226–317233
6Section 03, Anna Mowry OptionDEF 14A2026-04-280001808805-26-000023Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t16 · r6 · c10 · span 322344–322351
7Section 07, pay ratio10-K2026-02-260001808805-26-000011Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Matthew PosardDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 128,144. Filing ↗machine: t12 · r8 · c8 · span 236452–236459
9Section 08, Melissa EpperlyDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 86,783. Filing ↗machine: t12 · r4 · c8 · span 229713–229719
10Section 08, Matthew McIlwainDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 84,144. Filing ↗machine: t12 · r5 · c8 · span 231400–231406
11Section 08, Karen AkinsanyaDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 72,838. Filing ↗machine: t12 · r2 · c8 · span 226315–226321
12Section 08, Farzad NazemDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 71,144. Filing ↗machine: t12 · r6 · c8 · span 233083–233089
13Section 08, Michael AltmanDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 22,194. Filing ↗machine: t12 · r3 · c2 · span 227192–227198
14Section 08, Vijay PandeDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 21,250. Filing ↗machine: t12 · r7 · c2 · span 233931–233937
15Section 08, Parag MallickDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
16Section 08, Sujal PatelDEF 14A2026-04-280001808805-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
17Section 02, AH Equity Partners Bio II, L.L.C. 2026-06-02Form 42026-06-040001231919-26-000599Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, AH Equity Partners Bio II, L.L.C. 2026-06-02Form 42026-06-040001231919-26-000599Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Matthew Posard 2026-06-18Form 42026-06-220001543792-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Epperly Melissa B, 2026-06-18Form 42026-06-220001807359-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Matthew McIlwain 2026-06-18Form 42026-06-220001381752-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Farzad Nazem 2026-06-18Form 42026-06-220001234663-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Karen Akinsanya 2026-06-18Form 42026-06-220001797672-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
24Section 06, 2026 voteForm 8-K2026-06-180001808805-26-000027Item 5.07 · say-on-pay result. As reported: 99.57% (votes for as printed: 69,994,022). Filing ↗
25Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 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
27Section 09b board cost (computed)ComputedcomputedCash 365,777 + equity 0 + all other 0 = 365,777, summed across the director compensation table rows.machine: formula: Σ = 365,777
28Nautilus Biotechnology (subject), Section 10b CEO totalDEF 14A2026-04-280001808805-26-000023CEO total compensation as printed in Nautilus Biotechnology's own proxy. As printed: 1,418,556. Filing ↗machine: r2 · c42 · span 312886–312895