Nichole Mileski
About Nichole Mileski
Nichole Mileski (born 1971) serves as Chief Compliance Officer of SVVC and has held the role since 2013; she is employed by the Company’s external manager, Firsthand Capital Management (“FCM”), with a portion of CCO-related costs reimbursed by SVVC and determined/approved by the Board . Her background includes corporate counsel at FCM since 2013 and corporate paralegal at FCM from 2011 to 2013 . SVVC discloses no direct executive compensation, performance metrics (TSR, revenue growth, EBITDA growth), or employment agreements for Mileski because executive officers are compensated by the external manager, and the manager cannot segregate compensation specifically attributable to SVVC service; however, the manager may consider Company performance when determining compensation for certain senior managers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Firsthand Capital Management (FCM) | Corporate Counsel | 2013–present | Not disclosed by the Company |
| Firsthand Capital Management (FCM) | Corporate Paralegal | 2011–2013 | Not disclosed by the Company |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | — | — | — |
Fixed Compensation
- SVVC does not directly pay salaries, bonuses, or other compensation to executive officers, including the Chief Compliance Officer; executive officers are employees of the external manager (FCM) .
- The CCO is compensated by FCM, with SVVC reimbursing a portion of related costs under terms and amounts determined and approved by the Board .
- SVVC provides no pension/retirement benefits, perquisites, or personal benefits to executive officers, and has no employment agreements with them .
Performance Compensation
- External manager compensation may factor in Company performance for certain senior managers, but SVVC states it cannot segregate the portion attributable specifically to services for SVVC; no specific performance metrics, weightings, targets, or payouts are disclosed for Mileski .
- SVVC does not maintain executive equity compensation plans; the only equity plan disclosed is the 2023 Director Plan (board-level, not executive) .
Equity Ownership & Alignment
| Metric | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Shares Owned (Direct/Indirect) | 0 | 0 | 0 | 0 |
| Ownership % of Outstanding | <1% | <1% | <1% | <1% |
| Shares Outstanding (Reference) | — | — | 6,893,056 | 6,893,056 |
| Options (Exercisable/Unexercisable) | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| RSUs/PSUs (Vested/Unvested) | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Pledged/Hedged Shares | Not disclosed; no pledging noted | Not disclosed; no pledging noted | Not disclosed; no pledging noted | Not disclosed; no pledging noted |
SVVC’s proxies consistently show zero beneficial ownership for Mileski and contain no disclosures of options, RSUs/PSUs, pledging, or hedging activity .
Employment Terms
- Employment status: Executive officers are employees of the external manager; no SVVC employment agreements exist for executive officers .
- Severance and change-of-control: SVVC has no arrangements to make payments to executive officers upon termination or in the event of a change in control .
- Auto-renewal, non-compete, non-solicit, garden leave, and post-termination consulting: Not disclosed by SVVC (and not applicable under external manager employment framework) .
- Equity compensation plans: None for executives; only a 2023 Director Plan is maintained .
Investment Implications
- Alignment: Zero share ownership and no executive equity plan at SVVC indicate limited direct equity alignment for Mileski; however, the external manager may take Company performance into account when setting compensation for certain senior managers, offering an indirect linkage to results .
- Retention risk: Absence of SVVC employment agreements, severance, or change-of-control protections suggests retention depends on external manager employment terms rather than SVVC-specific arrangements; CCO costs are partially reimbursed by SVVC and board-approved, implying ongoing role support but no guaranteed retention economics .
- Trading signals: With zero beneficial ownership and no disclosed equity awards, insider selling pressure is effectively absent; monitor board/manager disclosures or any future Form 4s for changes in ownership or award structures that could alter selling dynamics .
- Governance/cost structure: The externally managed model centralizes executive compensation at FCM and limits SVVC’s direct pay-for-performance levers; investors should evaluate overall management fee terms and external manager incentives to assess how performance is rewarded or penalized at the manager level .