November 11, 2025
Dear Mr. Gordon Mattingly,
I am pleased to offer you a position with Corsair Memory, Inc. (the “Company”) as detailed below:
TITLE: Chief Financial Officer, reporting to Thi La, CEO of the Company (the “CEO”). You will initially serve as Chief Financial Officer-Elect of the Company, and transition to the role of Chief Financial Officer on the later of (i) your Start Date, as indicated below, and (ii) the effective date of the resignation of the Company’s existing Chief Financial Officer from his position or other cessation of service as the Company’s Chief Financial Officer (but in no event later than December 15, 2025), in each case reporting directly to Thi La, CEO of the Company.
START DATE: TBD, 2025 (the “Start Date”)
SALARY: We are pleased to offer you a semi-monthly salary of $21,875.00, less applicable withholdings and taxes, paid to you on the 15th and last day of each month. This is a representation of an annual salary of $525,000.00.
MANAGEMENT BONUS: For each calendar year during the term of your employment with the Company, beginning with the 2026 calendar year, you will be eligible to participate in the Management Bonus Program at a target bonus potential of 70% of annual base pay and a maximum of 140% of annual base pay. Goals for the 2026 calendar year will be established after you join us.
STOCK INCENTIVE PLAN: Should you decide to join the Company, it will be recommended at the Company’s Compensation Committee and Board meetings at which 2026 focal grants are awarded to the Company’s executive officers, subject to your continued employment through the date of grant, that the Company grant you (i) that number of restricted stock units (“RSUs”) determined by dividing USD $1,000,000.00 by the 30-day trailing average of the Company’s closing stock price immediately prior to the date of grant, rounded to the nearest whole share, (ii) that number of performance-based stock units(“PSUs”) determined by dividing USD $1,000,000.00 by the 30-day trailing average of the Company’s closing stock price immediately prior to the date of grant, rounded to the nearest whole share, and (iii) an option (the “Option”) to purchase that number of shares of Company common stock with a Grant Date Value of USD $1,000,000.00, rounded to the nearest whole share, with a per share exercise price equal to the fair market value of the Company’s common stock on the date of grant, as determined by the Company in its sole discretion. “Grant Date Value” will mean the fair value of the Option determined using the Black-Scholes pricing model based on the fair market value of the Company’s common stock on the date of grant and the volatility, risk free rate and life expectancy assumptions in the Company’s financial statements disclosing those assumptions.
The RSUs will vest over 4 years commencing as of the Start Date, with 25% of the RSUs vesting upon the 1-year anniversary of the Start Date, then 6.25% of the RSUs vesting quarterly over the remaining 3 years, subject to your continuing employment with the Company through each vesting date.
The shares subject to the Option will vest and become exercisable over 4 years commencing as of the Start Date, with 25% of the shares subject to the Option vesting upon the 1-year anniversary of the Start Date, then 1/48th of the shares subject to the Option vesting on each monthly anniversary thereafter, subject to your continuing employment with the Company through each vesting date.
The PSUs will vest on the same terms as the PSU awards made to all other similarly situated senior executive officers of the Company for calendar year 2026, as determined by the Compensation Committee.
The RSUs, PSUs and the Option will be granted pursuant and subject to the terms and conditions of the Company’s applicable equity incentive plan and individual award agreement between you and the Company. The shares subject to your RSUs, PSUs and the Option will be subject to stock retention requirements pursuant to which you will not be permitted to sell or otherwise transfer or dispose of any shares acquired pursuant to those awards during the 2- year period commencing on the Start Date except to the extent those shares are sold to cover the exercise price of the Option shares or to cover applicable withholding taxes due in connection with your exercise of the Option or the vesting and issuance of shares subject to the RSUs and PSUs.