Michael Brown
Under Secretary for Acquisition & Sustainment
Estimated Net Worth
- $23.5 M - $76.8 M
Salary
- Unknown
Records
Financial Disclosure Details - OGE Form 278e (02/24/2021)
Positions Held Outside United States Government
# | Organization | City | Position | To |
---|---|---|---|---|
1 | Mountain View, California | Director | Present | |
2 | Palo Alto, California | Chairman & Secretary | Present | |
3 | Boston, Massachusetts | Trustee | Present | |
4 | Palo Alto, California | Co-Trustee | Present |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
---|---|---|---|---|
1 | Asimily Corporation (private company); preferred stock owned | $100,001 - $250,000 | None (or less than $201) | |
2 | SEP/Traditional IRA | |||
2.1 | SPDR S&P 500 ETF Trust (SPY) | $100,001 - $250,000 | None (or less than $201) | |
2.2 | American Funds American High-Income Trust Class A Shares (AHITX) | $100,001 - $250,000 | None (or less than $201) | |
2.3 | American Funds American New Perspective (ANWPX) | $250,001 - $500,000 | None (or less than $201) | |
2.4 | Fidelity Advisor Limited Term Bond Fund Class A Shares (FDIAX) | $100,001 - $250,000 | None (or less than $201) | |
2.5 | Fidelity Extended Market Index Fund (FSMAX) | $100,001 - $250,000 | None (or less than $201) | |
2.6 | PIMCO Income Fund Class A Shares (PONAX) | $100,001 - $250,000 | None (or less than $201) | |
3 | Rollover IRA | |||
3.1 | American Funds American Balanced Fund Class A Shares (ABALX) | $250,001 - $500,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
---|---|---|---|---|
1 | Mountain View, California | The 4-year vesting schedule means a grant of 225,900 options will be fully vested in June, 2021. Currently, 44/48 of this grant are vested options. I will forfeit my unvested stock options upon separation. I will retain my vested stock options. | 6/2017 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
---|---|---|---|
1 | Mountain View, California | Board Director |
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
---|---|---|---|---|
1 | IRA | |||
1.1 | Cisco Systems, Inc. (CSCO) | $100,001 - $250,000 | None (or less than $201) | |
1.2 | Fidelity Balanced Fund (FBALX) | $50,001 - $100,000 | None (or less than $201) | |
1.3 | Fidelity Emerging Markets Fund (FEMKX) | $15,001 - $50,000 | None (or less than $201) | |
1.4 | Fidelity Magellan Fund (FMAGX) | $250,001 - $500,000 | None (or less than $201) | |
1.5 | T Rowe Price International Discovery Fund (PRIDX) | $15,001 - $50,000 | None (or less than $201) | |
1.6 | T Rowe Price International Stock Fund (PRITX) | $15,001 - $50,000 | None (or less than $201) | |
1.7 | T Rowe Price Mid-Cap Growth Fund, Inc (RPMGX) | $50,001 - $100,000 | None (or less than $201) | |
1.8 | T Rowe Price New Asia Fund (PRASX) | $15,001 - $50,000 | None (or less than $201) | |
1.9 | T Rowe Price Value Fund, Inc (TRVLX) | $15,001 - $50,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
---|---|---|---|---|
1 | Vestaboard (private company) preferred stock | $1,001 - $15,000 | None (or less than $201) | |
2 | Goldman Sachs (GS.J) Preferred Stock | $50,001 - $100,000 | Dividends | $2,501 - $5,000 |
3 | Goldman Sachs GS.A Preferred Stock | $50,001 - $100,000 | Dividends | $1,001 - $2,500 |
4 | JPMorgan JPM.D Preferred Stock | $50,001 - $100,000 | Dividends | $2,501 - $5,000 |
5 | Madison Reed Preferred Stock | $50,001 - $100,000 | None (or less than $201) | |
6 | ISHARES MSCI USA QLTY FAC (QUAL) | $500,001 - $1,000,000 | $5,001 - $15,000 | |
7 | SPDR Dow Jones Industrial Average ETF Trust (DIA) | $1,000,001 - $5,000,000 | $15,001 - $50,000 | |
8 | SPDR S&P 500 ETF Trust (SPY) | $1,000,001 - $5,000,000 | $15,001 - $50,000 | |
9 | Vanguard FTSE All-World ex US Index Fund ETF Shares (VEU) | $250,001 - $500,000 | $5,001 - $15,000 | |
10 | Norwalk La Mirada California Zero Coupon Bond | $250,001 - $500,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
---|---|---|---|---|
Nothing reported in this section |
Liabilities
# | Creditor | Amount | Incurred | Term |
---|---|---|---|---|
1 | Chase VISA | $10,001 - $15,000 | 2021 | Revolving |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
---|---|---|---|---|
Nothing reported in this section |
Endnotes
Section | # | Description |
---|---|---|
1 | 1 | My role as a Director of Asimily pre-dates my role as the Director of the Defense Innovation Unit but is completely unrelated. Asimily is a venture-backed startup whose business is a software platform for risk assessment of connected devices for hospitals and clinics. Asimily has no federal customers and is completely un-related to DoD. |
1 | 2 | My wife and I are officers of the Bockus Brown Family Foundation which supports our philanthropic interests. |
1 | 3 | Uncompensated position |
2 | 1 | I'm an investor and Director at Asimily, a risk assessment platform company for connected medical devices. Asimily has no federal customers. This relationship predates my government service. |
2 | 4 | Asimily stock options were awarded in my capacity as an advisor to the CEO and began vesting in June, 2017 on a four-year vesting schedule with 1/48 of those shares vesting monthly. As of February 24, 2021, the value of vested stock options are the 44/48 months for which I have vested options x the 225,900 option grant. These are valued at the difference between the option strike price and the current 409A Fair Market Value of Asimily's common stock. |
2 | 5 | I received a grant of 225,900 options to purchase common stock in June, 2017. As of this filing, I vested 44/48 of this option grant or 207,075 shares. The unvested 18,825 shares has a value of $0 since they have not been earned. The strike price is $.01 and the Board approved 409A Fair Market Value of these options as determined by independent audit is $.21. Unvested stock options expire 12 months after their vesting date if unexercised. |
6 | 1 | Vestaboard is a private company focused on digital signage. |
6 | 5 | Madison Reed is an organic, safe hair color business aimed at consumers. |
6 | 160 | Lending Club is a platform that connects individual lenders and borrowers. My investment is a loan portfolio which Lending Club manages automatically according to risk parameters I set. Returns are interest payments aggregated for the portfolio of loans for the year. I have no knowledge of the individual borrowers. |
6 | 161 | Filer is a limited partner in the Disruptive Innovation Fund, a private equity fund comprised of the following assets: Artemis--a software solutions business targeted at insurance & financial services CSA Medical--develops an interventional liquid nitrogen spray cryotherapy Gusto--payroll software for small business BioLite--enables people to power themselves off-grid incl. lighting and camp stoves LeasePilot--scalable digital solution for commercial real estate licensing, InnRoad--property management and hotel reservation system Astoria Solutions--digital technologies to enable workflow management in hazardous environments The EIF category for each underlying asset is N/A. I have no knowledge of each holding's value in the fund. |
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