Ionic Digital (IOND) CDO Mark Lambourne Receives 46,717 Performance RSUs

What Happened

• Mark Lambourne, Chief Development Officer of Ionic Digital Inc. (IOND), received an award of 46,717 performance-vesting restricted stock units (PRSUs) on Sept 29, 2026. The units were granted at $0.00 (contingent awards rather than a cash purchase) and represent contingent rights to one share of Class A common stock per PRSU. The compensation committee certified that an AWDSP-based $2.5 billion threshold was achieved, earning these 46,717 PRSUs; they are scheduled to vest on March 25, 2027 subject to continued employment and the award terms.

Key Details

• Transaction date: 2026-09-29; filing date: 2026-10-01 (no late filing indicated).
• Transaction type/code: Award/Grant (A); price reported $0.00 per PRSU.
• Units earned: 46,717 PRSUs scheduled to vest Mar 25, 2027, contingent on employment and award terms.
• Total 2026 PRSU grant pool: 140,153 PRSUs granted in 2026; 93,436 PRSUs remain outstanding and may vest if other performance thresholds are met.
• Footnotes: PRSUs convert 1:1 to Class A shares upon vesting; vesting was triggered by reaching an average-weighted stock price (AWDSP) threshold of $2.5B as certified by the compensation committee. The award contains continued-employment and 6-month post-achievement retention conditions (with alternative change-of-control vesting mechanics).
• Shares owned after transaction: not specified in the filing.

Context

• This was a performance-based equity award, not an open-market purchase or sale; it signals compensation tied to long-term value milestones rather than an immediate insider buy/sell decision. PRSUs have no current cash value until they vest and convert to shares. Retail investors should view this as management compensation linked to a specific company valuation/stock-price metric rather than a direct vote of confidence through buying shares.