What is on the record

No management fee, carried interest or promote: the company is a corporation, not a fund, and the officers are employees. Kevin took no salary from formation through January 26, 2025; since January 27, 2025 he receives a salary and benefits including health insurance, vehicle or phone reimbursements and 401(k) contributions, like the other three employees. Employees are paid through a third-party payroll and benefits provider that the filing says is controlled by the founder. He provided his aircraft to the company without reimbursement from January 2023 until it was sold on October 31, 2025. He holds $6 million of the company’s 5% bonds, bought on the same terms as everyone else. 12

The 2025 option plan granted 185,941,746 options at $0.66 in seven tranches that vest no earlier than December 17, 2030 and only if both a share-price test and a company-valuation test are met, the first at $2.37 and $200 million. That is the mechanism by which management could be paid heavily, and it pays only for growth that has not happened. 2

From the September 29, 2026 Q&A

Kevin’s account

Kevin and Lauren each take an approximately $300,000 salary. Earnings from YouTube ad revenue, around $500,000 per year, are separate. Courses, memberships, rental revenue and sponsorships go into Reinvest. 3

From the filings: the option split, the other roles, and the founder’s note

The option split. Of the 185,941,746 options granted under the December 2025 plan, Kevin received 136,655,982, about 73%; McKay Thomason 22,402,620; Lauren Paffrath, the two outside directors and the lead developer 6,720,786 each. Strike $0.66, five-year cliff to December 17, 2030, and both a share-price and a valuation hurdle per tranche. The plan has its own page.

Treasurer and Secretary. When the company eliminated its in-house Chief Legal Officer, Treasurer and Secretary role on July 25, 2025, Kevin took the Treasurer and Secretary roles without additional compensation; the filing put the savings at $250,000 to $300,000 a year.

Office rent. From July 2023 through October 2025 the company leased office space from an entity Kevin controls at $6,000 a month, month to month; it then bought the building.

The founder’s note. Kevin’s 1,000,000 voting shares were issued in 2022 against a $1,000,000 promissory note. He paid $75,000 and offset $172,751 of organization costs he had advanced; the remaining $752,249, plus $68,268 of accrued interest at 4.55%, was forgiven by the company in 2024 and expensed, $820,517 in all. The filings note that because he controls all the voting stock, any recourse on the note could be eliminated unilaterally. He also advanced $3,500,000 to the company in September 2022, repaid shortly after, and received 269,000 non-voting shares in October 2022 for software and intellectual property carried at a zero basis. 4567

The compensation tables, 2023 to 2025

2023. Kevin: nothing. The highest-paid officers that year each received between $32,000 and $52,000; McKay Thomason, Chief Operating Officer, $34,294. Directors were paid $0. Robert Carey took no salary; his firm, Snarpezel.com, Inc., was paid $314,175 for accounting, finance and expenses.

2024. Kevin: a salary of $1.00, a cash bonus of $290,000 approved by the board in recognition of his service and leadership and his prior years at $1.00, health coverage for his family, and the forgiveness on December 27, 2024 of the $821,868.54 principal and interest he owed on the note for his voting shares, which the report counts as compensation: $1,144,608 in total. The forgiven amount appears as $821,868.54 in the 2024 report’s compensation footnote and as $820,517 in the financial statement notes; the $1,351 difference is not explained in the filings, and both figures are printed here with their sources. McKay Thomason: $244,226 cash and a $90,000 bonus paid half in cash and half in non-voting stock, $355,184. Robert Carey’s firm: $479,800; he ceased to be an officer and director on November 26, 2024. The two outside directors: $100,000 in aggregate, half cash and half stock.

2025. Kevin: $302,354 cash plus $41,648 of health insurance and 401(k) match, $344,002. Lauren Paffrath, Chief Managing Officer: $302,354 plus $9,035, $311,389. McKay Thomason: $260,815 plus $7,788, $268,603. Ross Gerber: $60,000 through Gerber-Kawasaki for financial statement review and net asset value evaluations. William Stewart: nothing. Staff at year end: three full-time employees including the officers, and one part-time.

So the statement that he took no salary before January 27, 2025 is exact, and incomplete without the 2024 bonus: the year before salaries began, the board paid him $290,000 and forgave the note. The office lease from his entity ran from July 2023 through October 2025, when the company bought the building. 8910