Marissa Chacko
About Marissa Chacko
Marissa Chacko (age 43) is nominated as a Class II director of Destiny Tech100 Inc. to serve until the 2027 annual meeting; she brings product leadership experience from Meta (Reality Labs), Google, and Lyft, and is deemed independent under Exchange Act Rule 10A‑3 . Education: BSBA/BA (Marketing, International Business, Spanish) from Washington University in St. Louis; MBA in Management of Technology & Entrepreneurship from University of California, Berkley . If elected, she will serve on the Audit, Compensation, and Nominating & Corporate Governance Committees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Meta Platforms, Inc. (Reality Labs) | Director of Product Management; leads AI/AR wearables | 2025–present | Product leadership in AI/AR hardware/software |
| Google LLC | Director of Product Management | 2021–2024 | Product management leadership |
| Lyft, Inc. | Director of Product Management | 2019–2021 | Product management leadership |
| IBM Global Business Services | Technology consulting | Early career (dates not disclosed) | Technology consulting foundation |
External Roles
| Category | Current roles |
|---|---|
| Other public company boards | None disclosed |
Board Governance
- Independence: The Board determined Chacko meets independence and Audit Committee experience requirements of Rule 10A‑3; she is independent from the Company, the Adviser, and Destiny XYZ Inc. .
- Committee assignments (post‑Annual Meeting): Audit (Chair: Charles Jacobson), Compensation (Chair: Lee Daley), Nominating & Corporate Governance (Chair: Travis Mason); Chacko will be a member of all three .
- Board leadership: Chairman is Sohail Prasad (an “interested” director); the Board has no Lead Independent Director—Audit Chair Lisa Nelson acts as liaison for independent directors .
- Attendance: In 2024, the Board met 8 times and incumbent directors attended all; Audit met 5 times; Nominating met 2 times; Compensation met 1 time .
| Governance Metric | Value | Notes |
|---|---|---|
| Board meetings (2024) | 8 | All incumbent directors attended |
| Audit Committee meetings (2024) | 5 | Charter available at https://d.xyz/proxy |
| Nominating & Corporate Governance meetings (2024) | 2 | Charter available at https://d.xyz/tech100 |
| Compensation Committee meetings (2024) | 1 | Charter available at https://d.xyz/tech100 |
| Post‑meeting committee chairs | Audit: Jacobson; Compensation: Daley; Nominating: Mason | Chacko a member of each |
Fixed Compensation
- Independent directors receive an annual cash fee and reimbursed expenses; following the Annual Meeting, independent directors (including Chacko) are entitled to a $100,000 annual fee .
- The Company pays additional fees for in‑person Board/committee participation and committee chair roles, but specific amounts beyond the annual fee are not disclosed; 2024 aggregate compensation for each independent director was $100,000 .
| Component | Amount | Period |
|---|---|---|
| Annual retainer (cash) | $100,000 | Policy in effect and applicable post‑Annual Meeting |
| Aggregate compensation (peer independent directors) | $100,000 | Year ended Dec 31, 2024 |
| Meeting/committee participation fees | Not disclosed (policy exists) | In‑person/telephonic reimbursement per policy |
| Committee chair fees | Not disclosed (policy exists) | Chairs receive annual fees |
Performance Compensation
- No equity or option plans and no non‑equity incentive plans for directors; no pension/SERP for directors .
| Performance/Equity Element | Status |
|---|---|
| Equity awards (RSUs/PSUs/DSUs) | None; no stock or option plan for directors |
| Stock options | None; no option plan for directors |
| Non‑equity incentives/bonus | None for directors |
| Pension/SERP | None |
Other Directorships & Interlocks
| Item | Disclosure |
|---|---|
| Current public company directorships | None |
| Committee roles at other public boards | None reported |
| Potential interlocks/conflicts | None disclosed; Board’s nominating criteria screens for conflicts and time commitment . Additionally, the Company notes personnel may serve with companies in which it invests and may receive MNPI that can restrict trading . |
Expertise & Qualifications
- Technology/product leadership across major platforms (Meta, Google, Lyft), with current focus on AI/AR wearables at Meta Reality Labs .
- Academic credentials spanning business, technology, and entrepreneurship; independence suitable for Audit, Compensation, and Nominating committee service .
Equity Ownership
| Holder | Shares Beneficially Owned | Ownership % | Dollar Range | Record Date | Price reference |
|---|---|---|---|---|---|
| Marissa Chacko | 189 | <1% (denoted “*”) | $1–$10,000 | Oct 13, 2025 | $25.83 close used for range calc |
- Shares outstanding: 14,427,988 as of the Record Date .
- Hedging/pledging: Policy prohibits hedging, short‑selling, derivative monetization, and pledging of Company securities by directors/officers and Adviser personnel .
Governance Assessment
- Independence and committee coverage: Chacko is independent and slated to serve on Audit, Compensation, and Nominating—enhancing oversight breadth .
- Board leadership/structure: Chair is an “interested” director, and the Board has no Lead Independent Director; Audit Chair Lisa Nelson acts as liaison for independent directors .
- Director pay design: Compensation is cash‑only with no equity or performance incentives for directors; 2024 independent director compensation was $100,000 each .
- Ownership alignment: Chacko’s disclosed beneficial ownership is 189 shares and dollar range $1–$10,000 as of Oct 13, 2025; hedging/pledging is prohibited by policy .
- Engagement cadence: Board met 8 times in 2024, with full incumbent attendance; Audit/Nominating/Compensation met 5/2/1 times respectively, indicating regular committee oversight .
- MNPI/trading controls: The Company highlights that management/Adviser professionals may hold roles at portfolio companies and could obtain MNPI restricting trading, managed via policies and oversight .