Sunny Trinh
About Sunny Trinh
Sunny Trinh, 55, is Chief Executive Officer of DevvStream Corp (DEVS). He has served as CEO for the past two years and brings 25+ years of technology and sustainability/carbon markets experience, including prior roles as Chief Digital Alchemist at Devvio, VP of Strategic Partnerships and Ecosystem at Avnet, VP of Sales at Arrow Electronics, COO at Jooster, and co‑founder/CEO of 9:Fish Surfboards. He holds BS and MS degrees in engineering from Harvey Mudd College and an MBA from California Lutheran University . The filings reviewed do not disclose company TSR, revenue growth, or EBITDA growth attributed to his tenure.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Devvio | Chief Digital Alchemist | Not disclosed | Leveraged blockchain to develop sustainability and carbon market solutions . |
| Avnet (NASDAQ: AVT) | VP, Strategic Partnerships & Ecosystem | Not disclosed | Led innovation and partnerships; technology ecosystem development . |
| Arrow Electronics (NYSE: ARW) | VP, Sales | Not disclosed | Led design team for high-profile innovation initiative; commercial leadership . |
| Jooster | Chief Operating Officer | Not disclosed | Operations leadership at growth-stage business . |
| 9:Fish Surfboards | Co‑Founder & CEO | Not disclosed | Entrepreneurial leadership (founder-led consumer brand) . |
External Roles
| Organization/Institution | Role | Years | Strategic Impact |
|---|---|---|---|
| California Lutheran University (MBA program) | Adjunct Professor (started technology track) | Not disclosed | Academic program development; talent pipeline and thought leadership . |
Fixed Compensation
| Metric (USD) | FY 2023 | FY 2024 |
|---|---|---|
| Base Salary | $250,000 | $250,000 |
| Target Bonus % | Not disclosed | Not disclosed |
| Cash Bonus Paid | $0 (not disclosed/none in SCT) | $0 (not disclosed/none in SCT) |
| Stock Awards (Grant Date Fair Value) | $906,863 | $522,526 |
| Option Awards | $0 | $0 |
| Total Compensation | $1,156,863 | $772,526 |
Notes: Employment Agreement provides initial base salary of $250,000 (three-year term, auto-renew) .
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual/Payout | Vesting |
|---|---|---|---|---|---|
| Annual cash incentive | Not disclosed | — | — | No cash bonuses reported in FY 2023–2024 SCT | — |
| PSUs / Performance-based equity | Not disclosed | — | — | Not disclosed | Not disclosed |
| RSUs (time-based) | Service-based vesting | — | — | Grants in 2021–2025; see vesting table below | See schedules below |
Filings show time-based RSUs as primary equity; no specific performance metrics or PSU framework disclosed in the executive compensation section reviewed .
RSU Grants and Vesting (CEO-specific where disclosed)
| Grant Date | RSUs Granted | Vested to Date (where specified) | Vesting Schedule / Next Triggers |
|---|---|---|---|
| Dec 24, 2021 (CEO) | Part of 88,701 total from 12/24/21 & 3/14/22 | 10% vested 1/17/23; continuing 15% every six months | 10% at 6 months from 1/17/23; 15% every six months over 36 months |
| Mar 14, 2022 (CEO) | Part of 88,701 total from 12/24/21 & 3/14/22 | Same as above | Same as above |
| Jul 30, 2024 (CEO) | 3,931 | 10% at 6 months; then 15% every six months for 36 months | Ongoing semiannual vesting |
| Mar 26, 2025 (CEO) | 30,586 | 21,410 vested at grant; 4,588 vest on 7/17/2025 and 1/17/2026 | 70% immediate; 15% annually thereafter |
Company-wide 2025 RSU program terms: 30,586 RSUs granted to an officer on 3/26/25; 70% vests at grant, remainder 15% annually . 2024 RSUs: 10% at 6 months; 15% every 6 months for 36 months .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership (as of Aug 11, 2025) | 102,966 common shares; 2.85% of outstanding . Outstanding shares 3,541,668 as of Aug 11, 2025 . |
| Composition of CEO Holdings | 88,701 RSUs from 12/24/21 and 3/14/22 grants; 3,931 RSUs granted 7/30/24; 30,586 RSUs granted 3/26/25 (21,410 vested at grant; 4,588 vest on 7/17/25 and 1/17/26) . |
| Options | No CEO stock options disclosed in beneficial ownership footnotes (options are cited for other insiders, not CEO) . |
| Vested vs Unvested | Exact split not fully enumerated; schedules above indicate ongoing semiannual and annual tranches; specific 2025 tranche dates disclosed . |
| Pledged/Hedged Shares | No pledging by the CEO disclosed in reviewed filings; no hedging by CEO disclosed (general selling stockholder mechanics include potential pledges, not specific to management) |
| Ownership Guidelines | Not disclosed in reviewed filings. |
Employment Terms
| Term | Key Terms |
|---|---|
| Agreement Date/Term | Employment agreements executed Nov 6, 2024; three-year initial term with automatic one-year renewals unless 90 days’ advance non-renewal notice . |
| Base Salary | $250,000 initial annualized base salary; subject to annual review . |
| Severance (no Cause / Good Reason) | 12 months continued base salary, subject to release of claims . |
| Change-in-Control (within 12 months, and qualifying termination) | Double-trigger: (i) Severance as above; (ii) immediate vesting of service-based equity; (iii) immediate vesting of performance-based equity at greater of target or actual performance through termination, as determined by the committee; subject to release . |
| Non-Compete / Non-Solicit | IP assignment; restrictions on competition, employee/customer solicitation during term and generally 12 months post-termination (subject to applicable state law) . |
| Clawbacks / Tax Gross-Ups | Not disclosed in reviewed filings. |
Investment Implications
- Pay mix and alignment: Trinh’s compensation is heavily equity-based (time-vested RSUs) with no cash bonus reported in FY 2023–2024, aligning upside with equity value but lacking explicit performance-metric linkages; base pay is modest at $250k .
- Near-term vesting events: CEO has disclosed vest tranches tied to Jan 17, 2026 (4,588 RSUs), with prior tranches vesting on Jul 17, 2025; these can add periodic selling supply/insider selling pressure around vest dates .
- Ownership stake and governance concentration: CEO holds 2.85% as of Aug 11, 2025, indicating meaningful skin-in-the-game. However, ownership is concentrated among large holders—Focus Impact Sponsor 40.16% and Devvio 20.28%—which may influence governance dynamics and capital decisions .
- Dilution and financing overhang: DEVS entered a $300M senior secured convertible notes facility (8% OID/8% interest; conversion price at lower of fixed cap and 95% of lowest 5-day VWAP) and expanded its ELOC from $40M to $300M (issuances tied to lowest intraday sale prices), both capped by 19.99% issuance limits absent shareholder approval; management is actively seeking approvals, signaling potential dilution and trading pressure as capital is raised .
- Listing/compliance risk signal: The company effected a 1-for-10 reverse split on Aug 8, 2025 and disclosed prior Nasdaq minimum bid deficiency, underscoring volatility/listing risk; governance focus on capital structure and liquidity may dominate near-term agenda .
- Related-party context: Company reported payables to directors/officers ($794,990) and share-based comp to officers/directors ($488,569) for FY 2025; historical convertible debentures with related parties (including Devvio) were amended, flagging continued related-party interactions that investors should monitor .
Overall: Compensation provides equity alignment via RSUs and meaningful insider ownership, but absence of disclosed performance metrics reduces pay-for-performance clarity. High financing optionality (ELOC/convertible notes) and reverse-split/listing context suggest potential dilution and share supply overhang, which, combined with scheduled RSU vesting, could influence trading dynamics near vest/financing events .