Dr.Tim Marx

我与赌毒不共戴天

[Dr.Tim Marx @xiodngm1]

@yinqihuihui 我已经结扎了，可以内射么

[RealOpenArmy @RealOpenArmy]

long post; i know! promise i won't do it again! it was necessary. i see a lot of questions about kaz comp package and many other different things. i thought it'd be good to take a look at it one more time together.

notes before you read it:
a) i personally believe someone like kaz deserves to receive such package.
b) i used gemini's help to write up this
c) i verified all the info
d) if you have any question, please ask. i'll do my best
e) yes, i can still make mistakes

1. Base Salary & Cash Bonus
Annual Base Salary: $1.00 per year.

Annual Cash Bonus: $0 (He is not eligible for annual cash bonuses).

2. Make-Whole Compensation
Designed to offset the unvested equity and compensation he forfeited upon leaving Shopify, these two awards were conditioned on providing documentation verifying the forfeited amount.

Cash Make-Whole Award ($15,000,000):
Vesting & Payout: Single 9-month cliff paid on the first payroll date following June 15, 2026 (9 months from his September 15, 2025 start date), provided continuous service as CEO.

Forfeiture: If he voluntarily resigns without Good Reason or is terminated for Cause before June 15, 2026, the entire cash payment is forfeited. (and we all know this did not happen)

RSU Make-Whole Award (1,580,611 shares):
Vesting Schedule: Fully vests in a single 100% cliff on June 15, 2026.

Forfeiture: Unvested shares are forfeited upon voluntary resignation or termination for Cause prior to the vesting date. (and we all know this did not happen)

3. First Performance-Based Stock Unit (PSU) Award
Award Size: 40,886,344 shares.

Performance Condition: Requires Opendoor’s average closing stock price to equal or exceed $6.24 over a continuous 60-trading-day period preceding or following a vesting date.

Time-Based Vesting Schedule: 5-year timeline starting from the grant date:

Year 1: 20% vests on September 15, 2026.

Years 2–5: The remaining 80% vests in equal quarterly installments over the next 4 years.

Forfeiture: Any unvested tranches are forfeited if continuous employment ends or if the $6.24 performance hurdle is not satisfied within the allowable measurement windows. (yes, even if kaz does not leave the company but fails to deliver, he will receive zero of these shares)

4. Second Performance-Based Stock Unit (PSU) Award
Award Size: 40,886,344 shares.

Structure: Divided into 7 equal tranches (~5.84 million shares each).

Performance Hurdles: Each tranche requires the stock price to hit an average closing price target over a 60-trading-day window:

Tranche 1: $9.00
Tranche 2: $13.00
Tranche 3: $17.00
Tranche 4: $21.00
Tranche 5: $25.00
Tranche 6: $29.00
Tranche 7: $33.00

Time-Based Vesting Schedule:

Tranche 1: Satisfies time-based vesting on the 1st anniversary (September 15, 2026).

Tranches 2–7: Satisfy time-based vesting quarterly over years 2 through 5.

Dual Requirement: Both time-based vesting AND the specific price hurdle must be satisfied for shares to settle.

Forfeiture: Shares in any tranche where performance hurdles are missed within the 5-year window (from which he has only ~4 years left), or where time-based service ends, are permanently forfeited.

there are some more details, but above was the most important part, imo.

https://t.co/SZSeDwzl8U

[Dr.Tim Marx @xiodngm1]

@kirawontmiss 你能给猴子枪么？

[Dr.Tim Marx @xiodngm1]

@SaltyGoat17 还有啤酒，夏天最好的东西就是一瓶冰镇啤酒

[Dr.Tim Marx @xiodngm1]

@MaximeBernier 我是一个华裔少数民族，我的教义要求我必须得每天随身带一只上了膛的9mm手枪才可以出门，政府会同意么？

[Dr.Tim Marx @xiodngm1]

@bettybloodclot 如果以色列统治了世界，那么我们依然会有音乐，啤酒，超短裙，如果伊朗统治了世界，不敢想象……

[Dr.Tim Marx @xiodngm1]

@viva701_2017 想内射你

[Dr.Tim Marx @xiodngm1]

@ericjackson 10次做多美股也许会失败1次 10次做空美股，只成功了一次，为什么还要这么执着于做空？

[Dr.Tim Marx @xiodngm1]

@Davo0820 @RealOpenArmy Why?

[Dr.Tim Marx @xiodngm1]

@Nugget_Trades 你还信这？

[Dr.Tim Marx @xiodngm1]

@royal_diaries 丝袜穿在裤子里？

[Dr.Tim Marx @xiodngm1]

@Davo0820 @bbglimcher Can we touch 10 this time?

[Dr.Tim Marx @xiodngm1]

@AsianDawn4 那个

[Dr.Tim Marx @xiodngm1]

@AshCrypto 消息来源是哪里？

[Dr.Tim Marx @xiodngm1]

@huoshan007 比在家里吃的怎么样？比在家里好多了，家里吃的是有多差？

[Dr.Tim Marx @xiodngm1]

@House_Stark12 @Nbusiness1990 如果真是像你说的，借贷股票的费用是零的话，那么对于股票本身来说真的是很看涨，因为这些机构会让股票飞涨，来抢走那些做空者的一切

[Dr.Tim Marx @xiodngm1]

@Davo0820 已经放弃Q2开始展望Q3了？

[Dr.Tim Marx @xiodngm1]

@nejatian @jakemintz 我觉得你还是应该关心一点股价，不然你当时发放的那些期权就是笑话

[Dr.Tim Marx @xiodngm1]

@justalexoki 印度就印度，还南亚裔

[Dr.Tim Marx @xiodngm1]

@elonmusk @TRobinsonNewEra 印度也是亚裔