Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-11

Sight Sciences (SGHT)

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.

$2,005,608
Paul Badawi total, FY2025
18th
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against SGHT
4 companies name SGHT as a compensation peer

Each company listed discloses SGHT 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 SGHT 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
Paul Badawi$659,000$0$1,000,000$0$334,607$0$12,001$2,005,608
President and Chief Executive Officer
Alison Bauerlein474,9000950,0000196,50405,2501,626,754
Chief Operating Officer
Matthew Link288,1250480,000000448,7931,216,918
Chief Commercial Officer
Jeremy Hayden433,0000390,0000146,57104,683974,254
Chief Legal 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
Paul Badawi$2,005,608$3,022,179−1,016,571
Alison Bauerlein1,626,7542,238,543−611,789
Matthew Link1,216,918
Jeremy Hayden974,2541,479,652−505,398

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Paul BadawiRSU88,300$700,219
Alison BauerleinRSU157,7111,250,648
Alison BauerleinRSU215,0541,705,378
Paul BadawiRSU268,8182,131,727
Paul BadawiRSU195,0941,547,095
Jeremy HaydenRSU75,935602,165
Jeremy HaydenRSU104,839831,373
Alison BauerleinRSU51,500408,395
Jeremy HaydenRSU22,935178,822
Paul BadawiRSU21,950174,064
Alison BauerleinRSU21,569171,042
Jeremy HaydenRSU3,00023,790
Paul BadawiOption7,31917.52
Paul BadawiOption61,1289.78
Alison BauerleinOption19,72210.1
Jeremy HaydenOption1,05517.52
Jeremy HaydenOption15,6289.78
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to be competitive and appropriately balance the goals of attracting and retaining executives and motivating them to achieve strategic objectives. It follows a pay-for-performance philosophy where a portion of target annual compensation is variable based on the achievement of business and strategic objectives.

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

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gerhard BurbachIndependent · Compensation Committee (Chair) · Nominating and Corporate Governance Committee · Commercial Strategy Committee$43,616$240,000$283,616
Staffan EncrantzIndependent · Board Chair · Audit Committee · Nominating and Corporate Governance Committee (Chair) · Commercial Strategy Committee101,000130,000231,000
Donald ZurbayIndependent · Audit Committee (Chair) · Compensation Committee72,500130,000202,500
Catherine MazzaccoIndependent · Audit Committee · Commercial Strategy Committee (Chair)67,000130,000197,000
Tamara Fountain, M.DIndependent · Audit · Compensation · Nominating and Corporate Governance59,606130,000189,606
Erica RogersIndependent · Not standing for re-election · Departed during FY55,733130,000185,733
Brenda BeckerIndependent · Not standing for re-election · Departed during FY48,556130,000178,556
David Badawi, M.DEmployee director0
Paul BadawiEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 15,000 / 10,000
Stock ownership guidelineWe have adopted Stock Ownership Guidelines applicable to our executive officers and non-employee directors that ensure the interests of our executive officers and directors are aligned with those of our stockholders.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$448,011
Equity awards (grant-date value)$1,020,000
All other compensation$0
Total cost of the board$1,468,011

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 Sight Sciences 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 Sight Sciences.

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
1AxoGen2025Michael Dale$775,865$7,342,895$0$906,133$9,047,454
2Si-BONE2025Laura Francis685,0006,038,7100729,5257,453,235
3Pulse Biosciences2025Paul LaViolette708,52306,717,96007,427,899
4CareDx2025John Hanna693,2695,622,6380852,5157,179,699
5Treace Medical Concepts2025John Treace755,3534,635,000005,405,190
6RxSight2025Ron Kurtz630,62503,816,530202,9354,650,661
7CVRx2025Kevin Hykes660,5331,270,0801,516,896444,4923,905,801
8Senseonics Holdings2025Timothy Goodnow635,0001,022,5001,022,500613,0003,347,959
9OrthoPediatrics2025David Bailey550,0002,445,2000322,2813,331,481
10Sight Sciences2025Paul Badawi659,0001,000,0000334,6072,005,608
11Zynex2024Thomas Sandgaard700,000112,4580170,625991,810
12iRadimed Corporation2025Roger Susi385,59800395,000780,598
ClearPoint Neuronot in coverage universe
TELA Bionot 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
Sight Sciencesnot disclosedRSU 100not disclosedCompensia, Inc.
AxoGen116.79%PSU 50 · RSU 50NoAon
CareDx122%RSU 70 · PSU 30NoAlpine Rewards
ClearPoint Neuronot disclosednot disclosednot disclosednot disclosed
CVRxnot disclosedOption 50 · RSU 50not disclosedAon
iRadimed Corporationnot disclosednot disclosednot disclosednot disclosed
OrthoPediatrics78.2%RSU 100not disclosedNFP Compensation Consulting
Pulse Biosciencesnot disclosednot disclosednot disclosednot disclosed
RxSight32.18%Options 100not disclosedAon Human Capital Solutions
Senseonics Holdingsnot disclosednot disclosednot disclosedWillis Towers Watson
Si-BONE106.5%RSU 50 · PSU 50Yes — Relative TSRCompensia, Inc.
TELA Bionot disclosednot disclosednot disclosednot disclosed
Treace Medical Conceptsnot disclosedRSU 50 · PSU 50NoCompensia, Inc.
Zynex24.4%not disclosednot disclosednot disclosed

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, Paul BadawiDEF 14A2026-04-220001140361-26-016138Section “2025 Summary Compensation Table” · page 41. As printed: 2,005,608. Filing ↗machine: r2 · c18 · span 798195–798204
2Section 01, Alison BauerleinDEF 14A2026-04-220001140361-26-016138Section “2025 Summary Compensation Table” · page 41. As printed: 1,626,754. Filing ↗machine: r4 · c18 · span 804906–804915
3Section 01, Matthew LinkDEF 14A2026-04-220001140361-26-016138Section “2025 Summary Compensation Table” · page 41. As printed: 1,216,918. Filing ↗machine: r8 · c18 · span 818101–818110
4Section 01, Jeremy HaydenDEF 14A2026-04-220001140361-26-016138Section “2025 Summary Compensation Table” · page 41. As printed: 974,254. Filing ↗machine: r6 · c18 · span 811684–811691
5Section 08, Gerhard BurbachDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 283,616. Filing ↗machine: span 920481–920660
6Section 08, Staffan EncrantzDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 231,000. Filing ↗machine: span 912848–913027
7Section 08, Donald ZurbayDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 202,500. Filing ↗machine: span 922418–922596
8Section 08, Catherine MazzaccoDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 197,000. Filing ↗machine: span 916656–916835
9Section 08, Tamara Fountain, M.DDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 189,606. Filing ↗machine: span 914888–915067
10Section 08, Erica RogersDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 185,733. Filing ↗machine: span 918702–918881
11Section 08, Brenda BeckerDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 178,556. Filing ↗machine: span 911121–911300
12Section 08, David Badawi, M.DDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Paul BadawiDEF 14A2026-04-220001140361-26-016138Section “Director Compensation”. As printed: 0. Filing ↗
14Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
15Section 09b board cost (computed)ComputedcomputedCash 448,011 + equity 1,020,000 + all other 0 = 1,468,011, summed across the director compensation table rows.machine: formula: Σ = 1,468,011
16AxoGen, Section 10b CEO totalDEF 14A2026-04-290000805928-26-000057CEO total compensation as printed in AxoGen's own proxy. As printed: 9,047,454. Filing ↗machine: r2 · c45 · span 557309–557318
17Si-BONE, Section 10b CEO totalDEF 14A2026-04-210001459839-26-000049CEO total compensation as printed in Si-BONE's own proxy. As printed: 7,453,235. Filing ↗machine: r3 · c18 · span 626969–626978
18Pulse Biosciences, Section 10b CEO totalDEF 14A2026-05-110001437749-26-016006CEO total compensation as printed in Pulse Biosciences's own proxy. As printed: 7,427,899. Filing ↗machine: r1 · c21 · span 428112–428121
19CareDx, Section 10b CEO totalDEF 14A2026-04-270001217234-26-000028CEO total compensation as printed in CareDx's own proxy. As printed: 7,179,699. Filing ↗machine: t113 · r3 · c9 · span 1893652–1893661
20Treace Medical Concepts, Section 10b CEO totalDEF 14A2026-04-060001630627-26-000005CEO total compensation as printed in Treace Medical Concepts's own proxy. As printed: 5,405,190. Filing ↗machine: t81 · r4 · c16 · span 1034150–1034159
21RxSight, Section 10b CEO totalDEF 14A2026-04-280001193125-26-187240CEO total compensation as printed in RxSight's own proxy. As printed: 4,650,661. Filing ↗machine: t20 · r4 · c24 · span 978530–978539
22CVRx, Section 10b CEO totalDEF 14A2026-04-200001140361-26-015657CEO total compensation as printed in CVRx's own proxy. As printed: 3,905,801. Filing ↗
23Senseonics Holdings, Section 10b CEO totalDEF 14A2026-04-090001104659-26-041541CEO total compensation as printed in Senseonics Holdings's own proxy. As printed: 3,347,959. Filing ↗machine: r1 · c47 · span 527980–527989
24OrthoPediatrics, Section 10b CEO totalDEF 14A2026-04-200001425450-26-000027CEO total compensation as printed in OrthoPediatrics's own proxy. As printed: 3,331,481. Filing ↗machine: r2 · c36 · span 363407–363416
25Sight Sciences (subject), Section 10b CEO totalDEF 14A2026-04-220001140361-26-016138CEO total compensation as printed in Sight Sciences's own proxy. As printed: 2,005,608. Filing ↗machine: r2 · c18 · span 798195–798204
26Zynex, Section 10b CEO totalDEF 14A2025-03-280001558370-25-004019CEO total compensation as printed in Zynex's own proxy. As printed: 991,810. Filing ↗machine: t66 · r5 · c14 · span 277902–277909
27iRadimed Corporation, Section 10b CEO totalDEF 14A2026-04-300001628280-26-028903CEO total compensation as printed in iRadimed Corporation's own proxy. As printed: 780,598. Filing ↗machine: r3 · c36 · span 177624–177631
28Section 10a, Si-BONE reciprocityDEF 14A0001459839-26-000049Si-BONE names Sight Sciences in its own disclosed peer group (read from its most recent proxy). Filing ↗
29Section 10a, Zynex reciprocityDEF 14A0001558370-25-004019Zynex's most recent proxy was read; its disclosed peer group does not include Sight Sciences. Filing ↗
30Section 10a, CareDx reciprocityDEF 14A0001217234-26-000028CareDx's most recent proxy was read; its disclosed peer group does not include Sight Sciences. Filing ↗
31Section 10a, AxoGen reciprocityDEF 14A0000805928-26-000057AxoGen's most recent proxy was read; its disclosed peer group does not include Sight Sciences. Filing ↗
32Section 10a, Pulse Biosciences reciprocityDEF 14A0001437749-26-016006Pulse Biosciences's most recent proxy was read; its disclosed peer group does not include Sight Sciences. Filing ↗
33Section 10a, RxSight reciprocityDEF 14A0001193125-26-187240RxSight's most recent proxy was read; its disclosed peer group does not include Sight Sciences. Filing ↗
34Section 10a, Treace Medical Concepts reciprocityDEF 14A0001630627-26-000005Treace Medical Concepts's most recent proxy was read; its disclosed peer group does not include Sight Sciences. Filing ↗