Lawrence Hollister
About Lawrence Hollister
Sidus Space appointed Lawrence Hollister as Chief Business Officer effective September 15, 2025, to lead commercial and government market expansion and drive revenue growth; he reports to CEO Carol Craig . Hollister previously led growth initiatives at Anduril Industries (Head of Growth – Edge Technology, Voyager) and served as Chief Growth Officer at KLAS Government, where he executed a transformative strategy culminating in the company’s acquisition by Anduril within two years . Education and age were not disclosed in company materials . For context, Sidus revenues declined from FY 2022 to FY 2024 while EBITDA remained negative, underscoring a turnaround mandate for Hollister: revenues fell from $7.29 million (FY 2022) to $4.67 million (FY 2024) and EBITDA was -$10.52 million (FY 2022) to -$13.55 million (FY 2024)* .
Company performance (context for pay-for-performance analysis):
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($USD) | $7,293,408 | $5,962,785 | $4,672,646 |
| EBITDA ($USD) | -$10,524,363* | -$12,087,575* | -$13,547,008* |
* Values retrieved from S&P Global (GetFinancials).
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Anduril Industries (Edge Technology – Voyager) | Head of Growth | Not disclosed | Led growth initiatives in edge technology to scale operations across defense and intelligence markets |
| KLAS Government | Chief Growth Officer | Not disclosed | Executed growth strategy resulting in rapid revenue expansion and company acquisition by Anduril within two years |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed | — | — | Appointment materials did not reference external public-company board service |
Fixed Compensation
| Component | Disclosed Value | Source |
|---|---|---|
| Base salary | Not disclosed | 8-K furnished press release; no Item 5.02 compensation terms identified |
| Target bonus (%) | Not disclosed | Same as above |
| Actual bonus paid | Not disclosed | Same as above |
| Benefits/perquisites | Not disclosed | Same as above |
Performance Compensation
| Incentive Type | Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Annual cash incentive | Not disclosed | — | — | — | — | — |
| RSUs/PSUs | Not disclosed | — | — | — | — | — |
| Stock options | Not disclosed | — | — | — | — | — |
No performance incentive design or award details for Hollister were disclosed in the September 16, 2025 8-K or in the FY 2025 proxy (which predates his appointment) .
Equity Ownership & Alignment
| Item | Detail | Source |
|---|---|---|
| Beneficial ownership (individual) | Not reported in FY 2025 DEF 14A (table as of 12/31/2024 did not include Hollister) | |
| Shares pledged as collateral | Not disclosed | |
| Stock ownership guidelines | Not disclosed for Hollister; company references Insider Trading Policy and equity grant practices | |
| Equity grant timing policy | Grants not scheduled around MNPI; options at/above closing price; grants may occur outside annual cycle (new hire/retention/promotion) | |
| Plan capacity (as of 12/31/2024) | 782,329 shares available; 17,671 outstanding options/warrants/rights |
Section 16 activity: Company materials and public sources reviewed did not identify Form 4 filings by Hollister through November 19, 2025; the September 16, 2025 8-K furnished only a press release (Ex. 99.3) without equity grant details .
Employment Terms
| Provision | Term | Source |
|---|---|---|
| Employment start date | September 15, 2025 (Chief Business Officer) | |
| Employment agreement | Not disclosed; no Item 5.02 entry detailing comp/agreement terms in the September 16, 2025 8-K | |
| Severance | Not disclosed | |
| Change-of-control (single/double trigger) | Not disclosed | |
| Non-compete / Non-solicit | Not disclosed | |
| Clawback | Not disclosed for Hollister; company references compliance and governance policies generally |
Investment Implications
- Near-term disclosure watch: Hollister’s appointment did not include compensation terms; monitor subsequent 8-K 5.02 filings and the next proxy for base salary, bonus targets, and any new-hire RSU/option grants (grant size, vesting, performance metrics), which will determine pay-for-performance alignment and potential insider selling pressure on vesting .
- Operating backdrop: Revenues have declined for three consecutive fiscal years while EBITDA remained negative, indicating execution risk and elevating the importance of growth-linked incentives under Hollister’s mandate .
- Q3 2025 cadence: Management highlighted execution on contracts and appointed Hollister as part of a growth push; revenue of $1.3 million was down 31% YoY, reinforcing urgency for commercial traction and potentially aggressive variable comp structures to drive sales outcomes .
- Governance footing: Compensation Committee (independent members; authority over comp consultants) provides structure for performance-linked design; absence of named ownership or award disclosures for Hollister to date limits visibility on skin-in-the-game until Section 16 and proxy filings surface .
S&P Global data note: EBITDA values are retrieved from S&P Global via GetFinancials.