Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-09

Riot Platforms (RIOT)

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.

$12,674,783
Jonathan Gibbs total, FY2025
Former Chief Data Center Officerhighest-paid officer; CEO Jason Les: $3,460,222
11th
CEO (Jason Les) pay percentile vs peers
54:1
CEO-to-median pay ratio
97.98%
Say-on-pay support, latest vote
Companies that benchmark against RIOT
8 companies name RIOT as a compensation peer

Each company listed discloses RIOT 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 RIOT 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
Jonathan Gibbs$320,833$0$4,708,280$6,989,497$641,667$0$14,505$12,674,783
Former Chief Data Center Officer
Stephen Howell450,00006,160,1520562,500028,0747,200,726
Chief Operating Officer
Jason Les1,584,3370001,827,581048,3043,460,222
Chief Executive Officer
Benjamin Yi1,576,0430001,867,43808,8533,452,334
Executive Chairman
Colin Yee500,000000625,00008,6551,133,655
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
Jonathan Gibbs$12,674,783
Stephen Howell7,200,726
Jason Les3,460,22283,532,32813,490,590−80,072,106
Benjamin Yi3,452,33483,503,410−80,051,076
Colin Yee1,133,65521,102,1678,334,952−19,968,512

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
Jason LesDirector2026-05-11D175,000$25$4,408,250CommonForm 4 ↗
Ryan D. WernerSVP, CAO2026-05-27D37,61627996,824CommonForm 4 ↗
Ryan D. WernerSVP, CAO2026-06-22D25,37530761,250CommonForm 4 ↗
Jason LesDirector2026-06-22D62,703301,886,733CommonForm 4 ↗
Jason LesDirector2026-07-01D101,015242,420,319CommonForm 4 ↗
Jaime LevertonDirector2026-07-01A8,34700CommonForm 4 ↗
Michael TurnerDirector2026-07-01A8,34700CommonForm 4 ↗
Douglas MoutonDirector2026-07-01A8,34700CommonForm 4 ↗
Colin Yee2026-07-01D41,07100Derivative, Class A CommonForm 4 ↗
Ryan D. WernerSVP, CAO2026-07-01D13,86924332,301CommonForm 4 ↗
Lance D'AmbrosioDirector2026-07-01A8,34700CommonForm 4 ↗
Colin Yee2026-07-01A124,82300CommonForm 4 ↗
Stephen HowellCOO2026-07-01D21,96624526,305CommonForm 4 ↗
Colin Yee2026-07-01D83,75200Derivative, Class A CommonForm 4 ↗
Ryan D. WernerSVP, CAO2026-07-07D7,59622166,580CommonForm 4 ↗
Ryan D. WernerSVP, CAO2026-07-07D10,23221217,123CommonForm 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
Former Chief DataRSU2025-06-01583,430$4,708,280
Former Chief DataOPTION2025-06-101,166,8616,989,497
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Former Chief Data$4,708,280$0$6,989,4970.0%

% 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
Benjamin YiPSU5,000,000$63,350,000
Jason LesPSU753,7689,550,241
Benjamin YiRSU61,608780,573
Stephen HowellPSU443,6565,621,122
Stephen HowellPSU251,2563,183,414
Benjamin YiRSU251,2563,183,414
Stephen HowellPSU49,284624,428
Benjamin YiPSU753,7689,550,241
Jason LesRSU61,608780,573
Jason LesRSU251,2563,183,414
Colin YeePSU1,000,00012,670,000
Colin YeeRSU167,5042,122,276
Stephen HowellRSU83,7521,061,138
Colin YeePSU502,5126,366,827
Jason LesPSU369,6404,683,339
Stephen HowellPSU300,0003,801,000
Jason LesPSU5,000,00063,350,000
Jonathan GibbsRSU437,5735,544,050
Stephen HowellRSU221,8272,810,548
Benjamin YiPSU369,6404,683,339
Colin YeePSU246,4263,122,217
Stephen HowellRSU8,215104,084
Colin YeeRSU41,071520,370
05

Incentive-plan design — the Compensation Discussion & Analysis

Performance Focused - motivate executives to achieve and exceed financial, strategic, business, and other objectives to deliver the highest level of performance over the short-, medium-, and long-term by making a substantial percentage of total executive compensation variable, or at risk, based on individual or Company performance; Competitive in the Market - attract and retain talented leaders through competitive pay programs; and Aligned with Stockholders - align executive officer and stockholder interests to optimize long-term stockholder value

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensia Inc.
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-15210,538,1014,343,765957,22397.98%Passed
20252025-06-1040,809,68588,549,493650,42331.55%Failed
20212021-10-1917,719,2361,100,231301,91494.15%Passed
20202020-11-126,334,208550,627732,51092%Passed
20192019-10-232,201,162370,33812,247,72685.6%Passed
20182018-06-153,474,012227,92048,04693.84%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
20262026-06-1597.98%a
20252025-06-1031.55%b
20212021-10-1994.15%c

a. Approved under the standard stated in the filing — “What vote is required to approve each proposal presented at the Annual Meeting? Plurality of Votes Cast: ● Proposal 1 (Election of Class II Directors) Majority of Votes Cast: ● Proposal 2 (Ratify, in a Non-binding Advisory Vote, the Appointment of Deloitte as the Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2026) ● Proposal 3 (Approve, in a Non-binding Advisory Vote, Say-on-Pay) ● Proposal 4 (Approve the Seventh Amendment to the 2019 Equity Plan to increase the number of shares reserved for issuance thereunder by 15,000,000 shares) Although, as noted above, abstentions and broker non-votes are counted as "shares present" at the Annual Meeting for the purpose of determining whether a quorum exists, they are not counted as votes cast either "for" or "against" the proposal and, accordingly, do not affect the outcome of the vote.”.

b. Approved under the standard stated in the filing — “What vote is required to approve each proposal presented at the Annual Meeting? Plurality of Votes Cast: ● Proposal 1 (Election of Class I Directors) Majority of Votes Cast: ● Proposal 2 (Ratify, in a Non-binding Advisory Vote, the Appointment of Deloitte as the Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025) ● Proposal 3 (Approve, in a Non-binding Advisory Vote, Say-on-Pay) 4 Table of Contents ● Proposal 4 (Approve, in a Non-binding Advisory Vote, Say-on-Frequency) ● Proposal 5 (Approve, in a Non-binding Advisory Vote, the Declassification Proposal) Although, as noted above, abstentions and broker non-votes are counted as "shares present" at the Annual Meeting for the purpose of determining whether a quorum exists, they are not counted as votes cast either "for" or "against" the proposal and, accordingly, do not affect the outcome of the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will be counted as votes present for quorum purposes but will not be counted as either votes cast for or 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)54 : 1
CEO total compensation$3,460,222
Median employee compensation$64,138
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jaime LevertonIndependent · Audit · Compensation · Governance (Chair) · Newly elected$106,071$325,519$0$0$0$431,590
Michael TurnerIndependent · Audit (Chair) · Compensation · Governance · Newly elected106,071325,519000431,590
Douglas MoutonIndependent · Audit · Compensation · Governance · Newly elected88,393325,519000413,912
Lance D'AmbrosioIndependent · Lead Independent Director · Audit · Compensation (Chair) · Governance · Partial-year service120,000199,999000319,999
Hubert MarleauIndependent · Audit · Compensation (Chair) · Governance · Departed during FY20,00000020,000
Hannah ChoIndependent · Audit · Compensation · Governance (Chair) · Departed during FY20,00000020,000
Jason LesEmployee director00000
Benjamin YiEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$238,800
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline3x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$460,535
Equity awards (grant-date value)$1,176,556
All other compensation$0
Total cost of the board$1,637,091

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Riot Platforms names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Riot Platforms.

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
1Hut 8 Corp.2025Asher Genoot$550,000$238,248,457$0$0$239,909,042
2IREN Limited2025William Roberts964,35069,695,74401,968,00072,647,744
3CleanSpark, Inc.2025S. Matthew Schultz862,91737,098,6370044,901,507
4TeraWulf Inc.2025Paul Prager1,000,37223,151,0000039,411,005
5Applied Digital Corporation2025Wes Cummins706,25125,462,0000027,708,092
6MARA Holdings, Inc.2025Fred Thiel978,50019,518,86802,201,62527,053,236
7C3.ai, Inc.2025Thomas Siebel1,000,00011,506,01211,506,017900,00025,516,876
8Cipher Mining Inc.2025Rodney Tyler Page825,00012,479,6230014,968,623
9MicroStrategy Incorporated2025Phong Le1,100,0008,796,8642,376,459013,784,204
10Marqeta, Inc.2025Mike Milotich556,4708,725,948748,84511,049,523
11Rapid7, Inc.2025Corey Thomas545,0009,195,5760315,00010,058,576
12Flywire Corporation2025Michael Massaro450,0007,732,0550610,0008,803,495
13Couchbase, Inc.2025Matthew Cain535,0007,639,0000508,2508,685,250
14Repay Holdings Corporation2024John Morris500,0007,615,7140488,7508,614,814
15A10 Networks, Inc.2025Dhrupad Trivedi697,9175,211,97301,056,8006,974,141
16Fastly, Inc.2025Charles Compton438,7826,313,831006,798,332
17AppFolio, Inc.2025Shane Trigg550,0004,000,3070814,0005,438,904
18Riot Platforms2025Jason Les1,584,337001,827,5813,460,222
19DigitalOcean Holdings, Inc.2025Padmanabhan Srinivasan600,00000588,0001,210,795
20Klaviyo, Inc.2025Andrew Bialecki75,00000078,000
HIVE Digital Technologies Ltd.not in coverage universe
Core Scientific, Inc.not in coverage universe
BitFuFu Inc.not in coverage universe
Cango Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Riot Platforms125%RSU 50 · PSU 50Yes — TSR relative to RUSSELL 3000 IndexCompensia Inc.
A10 Networks, Inc.not disclosedPSU 50 · RSU 50NoRadford-AON
AppFolio, Inc.148%PSU 60 · RSU 40Nonot disclosed
Applied Digital Corporationnot disclosednot disclosedNoCompensia, Inc.
BitFuFu Inc.not disclosednot disclosednot disclosednot disclosed
C3.ai, Inc.90%RSU 100NoCompensia, Inc.
Cango Inc.not disclosednot disclosednot disclosednot disclosed
Cipher Mining Inc.200%RSU 50 · PSU 50Yes — Relative TSR vs S&P Americas SmallCap Software & Services IndexSemler Brossy
CleanSpark, Inc.647%RSU 60 · PSU 40NoCompensia Inc.
Core Scientific, Inc.not disclosednot disclosednot disclosednot disclosed
Couchbase, Inc.95%not disclosedNoCompensia
DigitalOcean Holdings, Inc.98%PSU 65 · RSU 35NoCompensia
Fastly, Inc.135.4%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (rTSR)Semler Brossy
Flywire Corporation122%RSU 100not disclosedClearBridge Compensation Group LLC
HIVE Digital Technologies Ltd.not disclosednot disclosednot disclosednot disclosed
Hut 8 Corp.200%PSU 100NoCompensia, Inc.
IREN Limited200%PSU 67 · RSU 33Yes — Relative TSR vs NQUSS IndexFW Cook
Klaviyo, Inc.87.3%RSU 100not disclosedCompensia
MARA Holdings, Inc.100%PSU 67 · RSU 33Yes — Relative TSRCompensia
Marqeta, Inc.116.1%RSU 70 · PSU 30NoCompensia, Inc.
MicroStrategy Incorporated95%Options 40 · PSU 40 · RSU 20Yes — Total Stockholder Return (TSR)Willis Towers Watson US LLC
Rapid7, Inc.50%RSU 50 · PSU 50NoCompensia
Repay Holdings Corporation96%not disclosedNoFrederic W. Cook & Co., Inc.
TeraWulf Inc.not disclosednot disclosedNoLyons, Benenson & Company Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

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, Jonathan GibbsDEF 14A2026-04-300001104659-26-053098Section “Summary Compensation Table” · page 56. As printed: 12,674,783. Filing ↗machine: t177 · r23 · c16 · span 1453394–1453404
2Section 01, Stephen HowellDEF 14A2026-04-300001104659-26-053098Section “Summary Compensation Table” · page 56. As printed: 7,200,726. Filing ↗machine: t177 · r28 · c16 · span 1470650–1470659
3Section 01, Jason LesDEF 14A2026-04-300001104659-26-053098Section “Summary Compensation Table” · page 56. As printed: 3,460,222. Filing ↗machine: t177 · span 1400543–1400552
4Section 01, Benjamin YiDEF 14A2026-04-300001104659-26-053098Section “Summary Compensation Table” · page 56. As printed: 3,452,334. Filing ↗machine: t177 · r13 · c16 · span 1418394–1418403
5Section 01, Colin YeeDEF 14A2026-04-300001104659-26-053098Section “Summary Compensation Table” · page 56. As printed: 1,133,655. Filing ↗machine: t177 · span 1435962–1435971
6Section 03, Former Chief Data RSUDEF 14A2026-04-300001104659-26-053098Section “Grants of Plan-Based Awards Table for Fiscal Year 2025” · grants of plan-based awards table. Filing ↗
7Section 03, Former Chief Data OPTIONDEF 14A2026-04-300001104659-26-053098Section “Grants of Plan-Based Awards Table for Fiscal Year 2025” · grants of plan-based awards table. Filing ↗
8Section 07, pay ratioDEF 14A2026-04-300001104659-26-053098Section “CEO Pay Ratio”. As printed: 54 : 1. Filing ↗machine: span 2178445–2178449
9Section 08, Jaime LevertonDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 431,590. Filing ↗machine: t80 · r8 · c8 · span 700650–700657
10Section 08, Michael TurnerDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 431,590. Filing ↗machine: t80 · r10 · c8 · span 705737–705744
11Section 08, Douglas MoutonDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 413,912. Filing ↗machine: t80 · r9 · c8 · span 703193–703200
12Section 08, Lance D'AmbrosioDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 319,999. Filing ↗machine: t80 · r7 · c8 · span 698106–698113
13Section 08, Hubert MarleauDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 20,000. Filing ↗machine: t80 · r5 · c2 · span 691476–691482
14Section 08, Hannah ChoDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 20,000. Filing ↗machine: t80 · r6 · c2 · span 694014–694020
15Section 08, Jason LesDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 0. Filing ↗
16Section 08, Benjamin YiDEF 14A2026-04-300001104659-26-053098Section “Director Compensation”. As printed: 0. Filing ↗
17Section 02, Jason Les 2026-05-11Form 42026-05-130001721702-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Ryan D. Werner 2026-05-27Form 42026-05-290001931824-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Ryan D. Werner 2026-06-22Form 42026-06-240001931824-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Jason Les 2026-06-22Form 42026-06-240001721702-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Jason Les 2026-07-01Form 42026-07-060001721702-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Jaime Leverton 2026-07-01Form 42026-07-060001998054-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Michael Turner 2026-07-01Form 42026-07-060002021332-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Douglas Mouton 2026-07-01Form 42026-07-060002056359-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Colin Yee 2026-07-01Form 42026-07-060001932352-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Ryan D. Werner 2026-07-01Form 42026-07-060001931824-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Lance D'Ambrosio 2026-07-01Form 42026-07-060001611745-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Colin Yee 2026-07-01Form 42026-07-060001932352-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Stephen Howell 2026-07-01Form 42026-07-060002025334-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Colin Yee 2026-07-01Form 42026-07-060001932352-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Ryan D. Werner 2026-07-07Form 42026-07-090001931824-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Ryan D. Werner 2026-07-07Form 42026-07-090001931824-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
33Section 06, 2026 voteForm 8-K2026-06-150001104659-26-074070Item 5.07 · say-on-pay result. As reported: 97.98% (votes for as printed: 210,538,101). Filing ↗
34Section 06, 2025 voteForm 8-K2025-06-170001558370-25-008673Item 5.07 · say-on-pay result. As reported: 31.55% (votes for as printed: 40,809,685). Filing ↗
35Section 06, 2021 voteForm 8-K2021-10-220001079973-21-001053Item 5.07 · say-on-pay result. As reported: 94.15%. Filing ↗
36Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
37Section 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
38Section 09b board cost (computed)ComputedcomputedCash 460,535 + equity 1,176,556 + all other 0 = 1,637,091, summed across the director compensation table rows.machine: formula: Σ = 1,637,091
39Hut 8 Corp., Section 10b CEO totalDEF 14A2026-04-280001104659-26-049711CEO total compensation as printed in Hut 8 Corp.'s own proxy. As printed: 239,909,042. Filing ↗machine: t138 · r7 · c14 · span 579029–579040
40IREN Limited, Section 10b CEO totalDEF 14A2025-10-060001140361-25-037383CEO total compensation as printed in IREN Limited's own proxy. As printed: 72,647,744. Filing ↗machine: t151 · r2 · c19 · span 512166–512176
41CleanSpark, Inc., Section 10b CEO totalDEF 14A2026-01-220001193125-26-019447CEO total compensation as printed in CleanSpark, Inc.'s own proxy. As printed: 44,901,507. Filing ↗machine: t84 · r3 · c13 · span 1267847–1267857
42TeraWulf Inc., Section 10b CEO totalDEF 14A2026-04-280001083301-26-000077CEO total compensation as printed in TeraWulf Inc.'s own proxy. As printed: 39,411,005. Filing ↗machine: r2 · c36 · span 326156–326166
43Applied Digital Corporation, Section 10b CEO totalDEF 14A2025-09-220001493152-25-014495CEO total compensation as printed in Applied Digital Corporation's own proxy. As printed: 27,708,092. Filing ↗machine: span 356960–356970
44MARA Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-300001507605-26-000010CEO total compensation as printed in MARA Holdings, Inc.'s own proxy. As printed: 27,053,236. Filing ↗machine: span 1074218–1074228
45C3.ai, Inc., Section 10b CEO totalDEF 14A2025-08-210001577526-25-000012CEO total compensation as printed in C3.ai, Inc.'s own proxy. As printed: 25,516,876. Filing ↗machine: r2 · c24 · span 368334–368344
46Cipher Mining Inc., Section 10b CEO totalDEF 14A2026-04-200001819989-26-000016CEO total compensation as printed in Cipher Mining Inc.'s own proxy. As printed: 14,968,623. Filing ↗machine: r3 · c36 · span 547754–547764
47MicroStrategy Incorporated, Section 10b CEO totalDEF 14A2026-04-280001193125-26-186895CEO total compensation as printed in MicroStrategy Incorporated's own proxy. As printed: 13,784,204. Filing ↗machine: span 684288–684298
48Marqeta, Inc., Section 10b CEO totalDEF 14A2026-04-210001522540-26-000030CEO total compensation as printed in Marqeta, Inc.'s own proxy. As printed: 11,049,523. Filing ↗machine: r2 · c24 · span 709162–709172
49Rapid7, Inc., Section 10b CEO totalDEF 14A2026-04-220001560327-26-000019CEO total compensation as printed in Rapid7, Inc.'s own proxy. As printed: 10,058,576. Filing ↗machine: r2 · c42 · span 505425–505435
50Flywire Corporation, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173788CEO total compensation as printed in Flywire Corporation's own proxy. As printed: 8,803,495. Filing ↗machine: span 529916–529925
51Couchbase, Inc., Section 10b CEO totalDEF 14A2025-04-160001845022-25-000036CEO total compensation as printed in Couchbase, Inc.'s own proxy. As printed: 8,685,250. Filing ↗machine: r3 · c33 · span 627097–627106
52Repay Holdings Corporation, Section 10b CEO totalDEF 14A2025-04-300000950170-25-061022CEO total compensation as printed in Repay Holdings Corporation's own proxy. As printed: 8,614,814. Filing ↗machine: r4 · c35 · span 1541867–1541876
53A10 Networks, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008793CEO total compensation as printed in A10 Networks, Inc.'s own proxy. As printed: 6,974,141. Filing ↗machine: r2 · c21 · span 490057–490066
54Fastly, Inc., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016095CEO total compensation as printed in Fastly, Inc.'s own proxy. As printed: 6,798,332. Filing ↗machine: r2 · c25 · span 929622–929631
55AppFolio, Inc., Section 10b CEO totalDEF 14A2026-04-280001433195-26-000031CEO total compensation as printed in AppFolio, Inc.'s own proxy. As printed: 5,438,904. Filing ↗machine: r3 · c51 · span 627702–627711
56Riot Platforms (subject), Section 10b CEO totalDEF 14A2026-04-300001104659-26-053098CEO total compensation as printed in Riot Platforms's own proxy. As printed: 3,460,222. Filing ↗machine: t177 · span 1400543–1400552
57DigitalOcean Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-240001582961-26-000029CEO total compensation as printed in DigitalOcean Holdings, Inc.'s own proxy. As printed: 1,210,795. Filing ↗machine: r2 · c42 · span 468499–468508
58Klaviyo, Inc., Section 10b CEO totalDEF 14A2026-04-290001835830-26-000018CEO total compensation as printed in Klaviyo, Inc.'s own proxy. As printed: 78,000. Filing ↗machine: r2 · c14 · span 764131–764137
59Section 10a, CleanSpark, Inc. reciprocityDEF 14A0001193125-26-019447CleanSpark, Inc. names Riot Platforms in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Applied Digital Corporation reciprocityDEF 14A0001493152-25-014495Applied Digital Corporation names Riot Platforms in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Fastly, Inc. reciprocityDEF 14A0001140361-26-016095Fastly, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
62Section 10a, Marqeta, Inc. reciprocityDEF 14A0001522540-26-000030Marqeta, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
63Section 10a, IREN Limited reciprocityDEF 14A0001140361-25-037383IREN Limited names Riot Platforms in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Klaviyo, Inc. reciprocityDEF 14A0001835830-26-000018Klaviyo, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
65Section 10a, Cipher Mining Inc. reciprocityDEF 14A0001819989-26-000016Cipher Mining Inc. names Riot Platforms in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, TeraWulf Inc. reciprocityDEF 14A0001083301-26-000077TeraWulf Inc. names Riot Platforms in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Repay Holdings Corporation reciprocityDEF 14A0000950170-25-061022Repay Holdings Corporation's most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
68Section 10a, C3.ai, Inc. reciprocityDEF 14A0001577526-25-000012C3.ai, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
69Section 10a, MicroStrategy Incorporated reciprocityDEF 14A0001193125-26-186895MicroStrategy Incorporated's most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
70Section 10a, A10 Networks, Inc. reciprocityDEF 14A0001140361-26-008793A10 Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
71Section 10a, Couchbase, Inc. reciprocityDEF 14A0001845022-25-000036Couchbase, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
72Section 10a, Hut 8 Corp. reciprocityDEF 14A0001104659-26-049711Hut 8 Corp.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
73Section 10a, Flywire Corporation reciprocityDEF 14A0001193125-26-173788Flywire Corporation's most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗
74Section 10a, Rapid7, Inc. reciprocityDEF 14A0001560327-26-000019Rapid7, Inc.'s most recent proxy was read; its disclosed peer group does not include Riot Platforms. Filing ↗