dependents for 12 full months, grossed up for estimated income taxes, and accelerated vesting of outstanding time-based equity awards (including any earned PRSUs that are subject to additional time-based vesting) that would otherwise vest through November 2, 2025.
On September 18, 2025, we entered into an offer letter with Ms. Schwartz in connection with her appointment as our interim CFO (the “Schwartz Offer Letter”), pursuant to which Ms. Schwartz was entitled to receive an annual base salary of $1,200,000 and was granted an award of 400,641 TRSUs, which vest in three equal installments on each of November 15, 2025, February 15, 2026 and May 15, 2026.
On December 12, 2025, we entered into an amended offer letter with Ms. Schwartz in connection with her appointment as CFO (the “Amended Schwartz Offer Letter”), which became effective on January 1, 2026 and which supersedes the Schwartz Offer Letter in its entirety. Pursuant to the Amended Schwartz Offer Letter, Ms. Schwartz is entitled to an annual base salary of $1,200,000 until May 15, 2026, and thereafter her annual base salary will be $500,000. Ms. Schwartz is not eligible for an annual bonus. The Amended Schwartz Offer Letter further provides for payment to Ms. Schwartz of a sign-on bonus in the amount of $100,000 which was paid in January 2026, and an amount that represents the difference between $1,200,000 and the salary she receives from September 18, 2025 to May 15, 2026, payable on the first regular payroll date after May 15, 2026, provided that she remains employed with the Company through such date. The Amended Schwartz Offer Letter also provides that Ms. Schwartz will be granted the sign-on PRSU grants described above under “Long-Term Equity Compensation—2025 Make-Whole and Sign-On Equity Awards.” Pursuant to the Amended Schwartz Offer Letter, Ms. Schwartz is eligible to participate in the Company’s Executive Severance Plan, as a “Tier 2 Executive.”
Lucas Matheson
On December 12, 2025, we entered into an offer letter with Lucas Matheson in connection with his appointment as our President (the “Matheson Offer Letter”), pursuant to which Mr. Matheson is entitled to receive an annual base salary of $500,000 and is not eligible for an annual bonus. The Matheson Offer Letter also provides for payment to Mr. Matheson of a sign-on bonus in the amount of $200,000, which was paid in January 2026, subject to repayment if Mr. Matheson’s employment terminates for any reason prior to the first anniversary of the commencement of his employment. Pursuant to the Matheson Offer Letter, Mr. Matheson is eligible to participate in the Company’s Executive Severance Plan, as a “Tier 2 Executive.”
In addition, the Matheson Offer Letter provides that Mr. Matheson will be granted the sign-on PRSU grants described above under “Long-Term Equity Compensation—2025 Make-Whole and Sign-On Equity Awards.”
Giang LeGrice
On December 22, 2025, we entered into an offer letter with Giang LeGrice in connection with her appointment as our Chief Operating Officer (the “LeGrice Offer Letter”), pursuant to which Ms. LeGrice is entitled to receive an annual base salary of $650,000 and is not eligible for an annual bonus. The LeGrice Offer Letter further provides for payment to Ms. LeGrice of a sign-on bonus in the amount of $1,000,000, which was paid in October 2025, subject to repayment if Ms. LeGrice resigns without “good reason” (as defined in the Severance Plan) prior to the first anniversary of her start date. Pursuant to the LeGrice Offer Letter, Ms. LeGrice is eligible to participate in the Company’s Executive Severance Plan, as a “Tier 2 Executive.”
In addition, the LeGrice Offer Letter provides that Ms. LeGrice will be granted the sign-on TRSU and PRSU grants described above under “Long-Term Equity Compensation—2025 Make-Whole and Sign-On Equity Awards.”
Shrisha Radhakrishna
We entered into an offer letter with Mr. Radhakrishna, dated September 10, 2024, in connection with his commencement of employment as our Chief Technology and Product Officer. Under his offer letter, Mr. Radhakrishna was entitled to a sign-on bonus in the amount of $500,000, which sign on bonus was payable in two equal installments of $250,000, with the first installment paid on the date that is 30 days after his start date and the second installment paid on the six month-anniversary of his start date.
Effective August 26, 2025, we entered into an amended offer letter with Shrisha Radhakrishna in connection with his appointment as President and interim principal executive officer (the “Amended Radhakrishna Offer Letter”), pursuant to which Mr. Radhakrishna’s annual base salary was increased to $700,000. Mr. Radhakrishna’s target bonus opportunity under the Company’s annual cash incentive program remained unchanged at 50% of his annual base salary under the
