Seth Young

About Seth Young

Seth Young (age 41) is Chief Executive Officer of High Roller Technologies (ROLR), appointed effective September 1, 2025, after serving as Chief Strategy Officer since April 2025. He previously held leadership roles across iGaming and sports betting, including Chief Innovation Officer at PointsBet (2018–2021), COO at FSG Digital (2021–2025), and Executive Director of Online Gaming at Foxwoods (2016–2018); he holds a B.A. from Brandeis and completed executive education at Harvard Business School, with recognition as a 2018 Emerging Leaders of Gaming awardee and Global Gaming Business 40 Under 40 honoree . Early under his tenure, High Roller delivered its first quarterly profit as a public company in Q3 2025, with $6.3M revenue, $622K Adjusted EBITDA (9.9% margin), and positive net income, while launching the Kassuuu brand and progressing to an Ontario launch estimate in H1 2026 .

Past Roles

External Roles

Fixed Compensation

• As of the 2025 proxy (covering FY2024), the company did not disclose base salary, target bonus, or equity grant terms for Seth Young; he was appointed CEO effective September 1, 2025 and the 8‑K announcing his appointment included no compensatory arrangements at that time .
• The company maintains an Insider Trading Policy with window periods and 10b5‑1 allowances; grants are not made on a predetermined schedule and are overseen to avoid MNPI timing issues .

Performance Compensation

• No disclosure yet of Seth Young’s performance metric weightings, targets, or payout formulae for 2025 awards .
• Company plan permits performance awards tied to a broad range of company- or unit-level goals (absolute or relative), with detailed adjustment mechanics; change-in-control does not automatically accelerate awards unless provided in the specific award agreement .
• Context: the 2024 CEO’s RSUs included net gaming revenue (NGR) performance tranches and a change-of-control/role-change acceleration for unvested RSUs, indicating a precedent for revenue/NGR-linked performance design; this does not necessarily apply to Young but suggests the company’s historical emphasis on top-line metrics .

Equity Ownership & Alignment

• Stock ownership guidelines and time-to-compliance are not disclosed in the proxy sections reviewed .
• Note: A separate pledge exists between major shareholders (OEH Invest AB pledged shares to Cascadia as security), unrelated to Young’s holdings, but relevant to broader shareholder structure (note 2).

Potential Dilution/Vesting Overhang (Plan Mechanics)

• Implication: Increasing the equity pool to 4.2M shares expands capacity for future awards, which may elevate potential selling pressure at vesting; specific impacts for Young will depend on his individual grant terms once disclosed .

Employment Terms

• Start date/tenure: Appointed CEO by the Board on August 26, 2025, effective September 1, 2025 .
• No employment agreement, severance, or change-of-control economics have been disclosed for Young as of the 8‑K and proxy reviewed; the appointment 8‑K states there were no arrangements or understandings pursuant to which he was appointed at that time .
• Clawback: Company adopted an NYSE American–compliant compensation clawback policy in March 2024 covering erroneously awarded incentive-based compensation upon a restatement .
• Equity plan change-in-control: No automatic acceleration unless specified in award agreements .
• Insider trading and grant timing policies are in effect, including blackout windows and MNPI safeguards .

Performance & Track Record

• Strategic/operational milestones in Q3 2025 include: first quarterly profit as a public company; launch of Kassuuu; reduced operating expenses; AI/ML data unification; increased stockholders’ equity to $6.6M; progress toward Ontario launch estimate H1 2026; served ~21,800 active users and 20,128 unique depositors; total wagers >$146M .

Compensation Committee & Governance Context

• Compensation Committee members (independent): Kristen Britt (Chair), Jonas Martensson, David Weild; the committee administers equity plans and reviews executive compensation policy and decisions .
• Board independence: a majority of directors are independent under SEC/NYSE American rules .
• Related party transactions and structure are disclosed, with a related-person transaction policy adopted March 12, 2025 for audit review going forward .

Investment Implications

• Alignment and incentives: Young’s specific pay design (salary/bonus/PSUs/RSUs/vesting triggers) is not yet disclosed; expect future filings to clarify alignment with revenue growth, NGR, margin, and TSR. Precedent from prior CEO awards and plan language suggests use of revenue/NGR and time-based RSUs, with potential change-in-control provisions defined at award level and a compliant clawback regime—constructive but details for Young will be decisive .
• Retention and selling pressure: Current personal ownership is modest (<1%), implying limited direct selling overhang from existing holdings; broader dilution capacity increases with the expanded plan share reserve, which could elevate future award-driven overhang depending on grant sizing to the CEO and team .
• Execution signal: Early under Young’s leadership, ROLR posted its first quarterly profit as a public company, with substantially higher Adjusted EBITDA and operating improvement despite lower YoY revenue—positive execution and cost discipline signals; watch sustainability as the company expands brands and markets (e.g., Ontario) .
• Governance/risk: No disclosed severance/CIC package yet reduces known parachute risk but increases uncertainty until terms are filed; insider trading and grant timing policies reduce MNPI timing risk; related-party complexities exist at the shareholder/affiliate level but no material related-party interest was disclosed for Young himself .