Executive compensation stories

Sep 6, 2026

Metaplanet CEO addresses shareholder concerns over stock options and governance structure

Metaplanet CEO Simon Gerovich acknowledged the company failed to adequately explain its Series 10 executive option plan involving 319 million shares and his connection to major shareholder MMXX Ventures, following investor criticism. Shares fell 7.5% to 271 yen despite the response.

Sep 6, 20265 sources

Top claims

▪Metaplanet Inc. CEO Simon Gerovich stated on September 6, 2026, that he is a significant but non-majority shareholder of MMXX Ventures Limited's parent company, MMXX Capital Limited.
▪On August 28, 2026, Metaplanet Inc. CEO Simon Gerovich exercised 92,000 Series 10 rights to receive 64,032,000 common shares, increasing his direct holdings to 79,587,500 shares, representing approximately 6.2% of the company's common stock.
▪Metaplanet Inc. shares fell approximately 7.5% to close at 271 yen on September 7, 2026, the trading session immediately following CEO Simon Gerovich's public response to shareholder criticism.

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Corporate governance Bitcoin

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