Flexport
Compensation Insight

How Flexport Pays

Flexport's Software Engineer I to Principal IC ladder and Manager to EVP leadership tiers, priced across 21 markets alongside options with a 10-year post-termination exercise window, a $260,000 median San Francisco package, no disclosed executive pay, and 38 FY2025 H-1B filings.

2,893 employees · Private · Flexport, Inc. · Founded 2013 · San Francisco, California · FY ends 31 December
Employees
2,893
Headcount at 30 June 2026, against about 2,100 reported for 2025 and roughly 3,200 before the 2023 restructurings.
2024 revenue
$2.10B
Up 31 percent from $1.6 billion in 2023, and below the roughly $4.1 billion peak of 2022.
Median reported package
$236,000
Levels.fyi median across all reported Flexport roles; the San Francisco software engineering median is about $260,000.
San Francisco senior engineer
$335,000
Employee-reported total on a $209,000 base, $111,000 of stock and a $14,600 bonus.
Option exercise window
10 years
Post-termination exercise window announced on 1 March 2016, against a 90-day industry default.
Secondary mark
$2.95 to $3.74
Per-share indications from Forge, Hiive and Nasdaq Private Market in August 2026. These are broker indications, not an exchange quote.
CEO pay
Not disclosed
Flexport files no proxy statement, so there is no Summary Compensation Table, no pay ratio and no Form 4 record.
FY2025 H-1B median base
$163,527
Across 38 certified labour condition applications, 18 of them at the Bellevue worksite and 11 in San Francisco.
Locations
United States
Netherlands
United Kingdom
Germany
China
Hong Kong
Singapore
India
Australia
Mexico
1.00× base / 1.00× TC vs San Francisco

Band Hierarchy

Flexport publishes no level catalogue and, as a private company, no compensation filing of any kind. The ladder below is a cross-posting normalisation: an individual contributor path from Software Engineer I to Principal and a management path from Manager to Director, with the vice president and executive vice president tiers carried as titles rather than as evidenced pay bands.

Individual contributor ladder — Software Engineer I through Principal

Prin
Principal EngineerIC · variable 10% · modeled
Principal engineer, distinguished architect, head of a technical discipline
SrStf
Senior Staff EngineerIC · variable 9% · reported
Senior staff engineer, architect for a platform domain, technical lead across teams
Staff
Staff EngineerIC · variable 8% · reported
Staff engineer, staff machine learning scientist, staff product manager
Sr
Senior Software EngineerIC · variable 7% · reported
Senior engineer, senior data scientist, senior product manager, senior designer
SWE2
Software Engineer IIIC · variable 7% · reported
Full-stack or platform engineer, data scientist, product analyst
SWE1
Software Engineer IIC · variable 9% · reported
New graduate and early-career engineer, junior data scientist, associate analyst

Management ladder — Manager through Director

Dir
Director / Senior DirectorLeadership · variable 18% · reported
Functional director, director of engineering, director of a freight or fulfilment mode
GrpMg
Group Manager / Head ofManagement · variable 16% · reported
Group product manager, head of a business line, head of a regional operation
SrMgr
Senior ManagerManagement · variable 13% · reported
Manager of managers, regional operations lead, senior product or design manager
Mgr
ManagerManagement · variable 12% · modeled
Engineering manager, operations manager, product design manager, marketing manager

Executive — Vice President through Executive Vice President

EVP
Senior Vice President / Executive Vice PresidentExecutive · variable 40% · modeled
President International, EVP North America, EVP Customs Trade and Financial Services, Chief Legal Officer, Chief Financial Officer
VP
Vice PresidentExecutive · variable 30% · modeled
Vice President of Technology, VP of Airfreight, VP of Marketing and equivalent function heads

Disclosed executive layer

Founder, Chairman and Chief Executive Officer
Ryan Petersen, who co-founded Flexport in 2013 and returned as chief executive in September 2023
No compensation disclosure exists. There is no proxy statement, no Summary Compensation Table and no Form 4 record of any sale. A founder's economics here are the shareholding, not the salary.
Chief Financial Officer and Chief Legal Officer
Stuart Leung, promoted to Chief Financial Officer on 1 September 2023 after nearly seven years at Flexport, and Ashianna Esmail as Chief Legal Officer
Names are public through company announcements and trade press. Compensation, equity grants and severance terms are not disclosed in any source.
Presidents and Executive Vice Presidents
Sanne Manders as President International, Bill Driegert as EVP North America, Nader Kabbani as EVP Customs Trade and Financial Services, Parisa Sadrzadeh as EVP Small and Medium Business
Appointments were announced in the October 2023 leadership restructuring. Flexport has published no compensation for this layer and no updated public roster since.
Senior Vice Presidents and Vice Presidents
Anders Schulze as SVP Ocean Freight, Akash Chauhan as SVP Fulfillment and Distribution Operations, Charles Chang as VP of Technology, Zeid Houssami as VP of Airfreight
Titles are visible through announcements and job postings. There is no pay table, no equity table and no share movement record for this layer.
Board of Directors
Shopify holds a board seat taken alongside its equity stake in the 2023 logistics transaction; Andreessen Horowitz and MSD Partners led the 2022 Series E
Private company board composition is disclosed only through press releases. No director retainer, committee fee or equity award is published.
VerifiedNot one row in this table carries a company disclosure. The reported rows are third-party salary records and the modelled rows are calibrated envelopes around them.

Track divergence

Software Engineer I to Software Engineer II
Cash dominates. About 69 percent of the entry package is base salary, 25 percent annualised options and 6 percent bonus in the reported San Francisco sample.
Senior Software Engineer and Manager
The two paths open here and the money is close: a modelled Manager sits about 3 percent above the reported Senior engineer on total, so the choice is scope rather than pay. The reported manager sample is too thin to price this rung, which is itself a signal about how few management records exist.
Staff to Principal and Senior Manager to Director
Options become the swing factor. The annualised option component rises from about 25 percent of the entry package to about 35 percent at Staff and 36 percent at Principal, while manager bonus targets climb from 12 to 18 percent of base.
Vice President and above
Both ladders leave the evidence entirely. Flexport discloses nothing about officer pay, so the two executive rows in this report are labelled envelopes rather than observations, and the chief executive is not modelled at all.

Hierarchy qualifications and legacy structures

  • Flexport uses conventional technology titles rather than numbered grades. The individual contributor names visible in postings and salary records are Software Engineer I and II, Senior, Staff and Senior Staff; the management names are Manager, Senior Manager, Group Manager or Head of, and Director.
  • The operations organisation runs a parallel and much larger title family that this ladder does not price: Operations Associate, Global Operations Associate, Customs Brokerage, Account Executive and warehouse roles. Their reported medians sit far below the engineering ladder and, critically, barely move between cities.
  • Flexport's public senior engineer sample shows a median tenure of about eight to nine years, which is high for a senior title in the technology market and implies a slower promotion cadence than the four-to-five-year expectation common at large product companies.
  • Because Flexport is private, no title carries a filing obligation. There is no Section 16 officer list, so nothing distinguishes a compensation-disclosed officer from an undisclosed one; every officer is undisclosed.
  • The 2023 restructuring compressed the leadership layer and moved several senior operators into new titles at once. Titles announced in October 2023 are the most recent published roster located, and Flexport has not published an updated leadership page in the sources reviewed.
  • The chief executive row is deliberately absent from the band table. Modelling a founder chief executive's pay from public logistics proxies would import a number that has nothing to do with Flexport.

Peer-level mapping

BandArchetypePeer mappingCaveat
SWE1Software Engineer IGoogle L3, Amazon SDE I, Stripe L1, Coupa or Samsara entry engineerA scope-based orientation only. Flexport has never published a level catalogue or a peer crosswalk.Levels.fyi San Francisco Bay Area Flexport records: $201,000 total on a $138,000 base, $50,800 of annualised stock and a $12,000 bonus.
SWE2Software Engineer IIGoogle L4, Amazon SDE II, Stripe L2A scope-based orientation only. Flexport has never published a level catalogue or a peer crosswalk.Levels.fyi San Francisco Bay Area: $247,000 total on a $167,000 base, $67,300 of stock and a $12,300 bonus. The New York area reads $259,000 on a $175,000 base.
SrSenior Software EngineerGoogle L5, Amazon SDE III, Stripe L3, Uber 5aLevels.fyi shows an 8 to 9 year median tenure at this level for Flexport, above the usual senior benchmark, which suggests slower promotion velocity than at larger technology employers.Levels.fyi San Francisco Bay Area: $335,000 total on a $209,000 base, $111,000 of stock and a $14,600 bonus. The company-wide senior median is $314,906 and the New York area figure $330,000.
StaffStaff EngineerGoogle L6, Amazon Principal Engineer entry, Stripe L4Flexport's staff title spans engineering, machine learning and product, and the reported sample mixes all three.Levels.fyi San Francisco Bay Area: $398,000 total on a $239,000 base, $139,000 of stock and a $20,100 bonus. The company-wide staff median is $377,309 and the reported band runs to $542,000.
SrStfSenior Staff EngineerGoogle L7, Amazon Senior Principal Engineer, Stripe L5The public sample thins sharply at this level; the total is a national Levels.fyi figure rather than a San Francisco one, and the component split is modelled.Levels.fyi reports the Flexport software engineering ladder topping out at $440,000 for Senior Staff Engineer. Base, bonus and equity are apportioned on the Staff-level ratio.
PrinPrincipal EngineerGoogle L8, Amazon Distinguished Engineer, Stripe L6No named Flexport principal record exists in any reviewed source. This row is a planning envelope anchored on the single highest reported Flexport engineering package.Anchored on the highest single reported Flexport software engineering package on Levels.fyi, $510,000 in the San Francisco Bay Area.
MgrManagerGoogle Manager I, Amazon Manager I, Stripe M1The Levels.fyi Flexport software engineering manager sample reads $140,796, below the senior individual contributor level. That is a small-sample artefact and is not used to price this row.Modelled between the Staff engineer anchor and the lowest observed Flexport leadership median, with a manager-style bonus target replacing part of the equity weight.
SrMgrSenior ManagerGoogle Manager II, Amazon Manager II, Stripe M2Flexport's public leadership samples do not order themselves cleanly by title, so this ladder is ordered by observed value rather than by the label each dataset uses.Anchored on the Levels.fyi Flexport product management director median of $408,000; the base, bonus and equity split is modelled.
GrpMgGroup Manager / Head ofGoogle Group Product Manager, Amazon Senior Manager, Stripe M3A group product manager sample priced above the director sample in the same dataset. Both are small and both are shown here rather than averaged away.Anchored on the Levels.fyi Flexport group product manager median of $471,000; the component split is modelled.
DirDirector / Senior DirectorGoogle Director, Amazon Director, Stripe M4The highest non-executive Flexport observation on record. Directors in commercial functions carry quota-linked variable pay that this row does not model.Anchored on the Levels.fyi Flexport data science manager median of $519,233, the highest non-executive management observation located; the component split is modelled.
VPVice PresidentPublic forwarder senior vice president, large technology company vice presidentFlexport publishes no compensation for any officer. This row is an explicitly labelled planning envelope, extrapolated one rung above the highest observed director figure, and it is excluded from the range chart.Not publicly disclosed by Flexport. Modelled by applying the observed Director-to-Group-Manager step to the next rung and shifting weight from salary to options.
EVPSenior Vice President / Executive Vice PresidentNamed executive officers of public freight forwarders and logistics platformsNo Flexport officer compensation is disclosed anywhere. Treat this as an envelope for negotiation framing and nothing more; it is excluded from the range chart.Not publicly disclosed by Flexport. Modelled one rung above the vice president envelope with a materially larger option weight, consistent with founder-led private company practice.

Critical evidence warning

Flexport is privately held and publishes no salary ranges, no level catalogue, no bonus grid, no equity table and no executive compensation. Nothing in this report is a Flexport pay band. The San Francisco anchor is a set of employee-submitted records on a small sample, the visa figures are base salary only on 38 filings, and every non-anchor city is that anchor multiplied by a calibration factor. Where an option value appears it is paper value at a stated private-market mark that ranged from $2.95 to $3.74 a share in August 2026, not cash, and it is subject to vesting, dilution, exercise cost, tax and the absence of any guaranteed liquidity event.


Compensation by Band — San Francisco

Low / median / high annual values at 1.00× base and 1.00× total-compensation factors versus San Francisco. Total equals base plus bonus plus annualized equity.

BandTitleBaseVariableTotal TCEquity
SWE1
Software Engineer I
0–2 years · reported
$117K$159K9%
$201K
$171K$231K
$51K
SWE2
Software Engineer II
2–5 years · reported
$142K$192K7%
$247K
$210K$284K
$68K
Sr
Senior Software Engineer
5–9 years · reported
$178K$240K7%
$335K
$285K$385K
$111K
Staff
Staff Engineer
9–13 years · reported
$203K$275K8%
$398K
$338K$458K
$139K
SrStf
Senior Staff Engineer
12–17 years · reported
$228K$308K9%
$440K
$374K$506K
$148K
Prin
Principal Engineer
15+ years · modeled
$251K$339K10%
$510K
$434K$587K
$185K
Mgr
Manager
7–11 years · modeled
$183K$247K12%
$346K
$294K$398K
$105K
SrMgr
Senior Manager
10–14 years · reported
$208K$282K13%
$408K
$347K$469K
$130K
GrpMg
Group Manager / Head of
12–17 years · reported
$234K$316K16%
$471K
$400K$542K
$152K
Dir
Director / Senior Director
15–22 years · reported
$255K$345K18%
$519K
$441K$597K
$165K
VP
Vice President
18–25 years · modeled
$298K$403K30%
$755K
$642K$868K
$300K
EVP
Senior Vice President / Executive Vice President
20+ years · modeled
$361K$489K40%
$1.09M
$931K$1.26M
$500K
Company headquarters · 8 reported band cellsReportedModeledVerifiedBase and total use a plus or minus 15 percent planning envelope around the median; equity uses plus or minus 30 percent, wider than a listed company would need because a private option value moves with the valuation mark as well as with the grant.

Total Compensation Range by Band

Total compensation in San Francisco across the employee bands. Proxy-disclosed executive cohorts are excluded so the employee bands stay readable.

SWE1$171K$231KSWE2$210K$284KSr$285K$385KStaff$338K$458KSrStf$374K$506KPrin$434K$587KMgr$294K$398KSrMgr$347K$469KGrpMg$400K$542KDir$441K$597K$0$100K$200K$300K$400K$500K$600K

Global Footprint & Pay Arbitrage

Flexport reported about 2,893 employees at 30 June 2026 and operates across more than 110 countries, most of that reach through partners rather than through its own offices. San Francisco is the pay anchor; Bellevue is the largest single visa worksite; Amsterdam, Shenzhen and Bengaluru are the three best-evidenced non-US markets.

2,893
Employees at 30 June 2026
21
Markets modelled in this report
18 of 38
FY2025 visa filings naming the Bellevue worksite
112
Countries across which Flexport says it moves merchandise

Office and market catalogue — calibration factors versus San Francisco

LocationLikely office profilePresenceBaseTC
San Francisco
United States · USD
Headquarters at the Phelan Building; engineering, product, commercial and corporateCompany headquarters1.00×1.00×
Bellevue
United States · USD
Largest single visa worksite; engineering, product and fulfilment technology18 of 38 FY2025 labour condition applications0.94×0.94×
New York
United States · USD
Commercial, enterprise sales and financial servicesNamed worksite on FY2025 filings0.98×1.00×
Chicago
United States · USD
Freight operations and a Midwest fulfilment hubNamed worksite on FY2025 filings0.82×0.82×
Los Angeles
United States · USD
Ocean gateway operations, drayage and warehousing near the San Pedro Bay portsBundle evidence map0.88×0.88×
San Bernardino
United States · USD
Inland Empire fulfilment and distribution operationsNamed worksite on FY2025 filings0.76×0.76×
Dallas
United States · USD
Freight operations and a central fulfilment hubNamed worksite on FY2025 filings0.80×0.80×
Atlanta
United States · USD
Southeast operations centre and one of Flexport's earliest officesNamed worksite on FY2025 filings0.78×0.78×
Miami
United States · USD
Latin America commercial gateway and customs workNamed worksite on FY2025 filings0.76×0.76×
Amsterdam
Netherlands · EUR
European headquarters; engineering, commercial and regional operationsBundle evidence map and employee-reported records0.58×0.55×
Rotterdam
Netherlands · EUR
Port-side ocean freight and customs operationsBundle evidence map0.54×0.51×
London
United Kingdom · GBP
United Kingdom commercial and customs brokerageBundle evidence map0.62×0.58×
Hamburg
Germany · EUR
German ocean freight operations at a major North European portBundle evidence map0.55×0.52×
Shenzhen
China · CNY
Origin-side engineering and export operations for South China manufacturingBundle evidence map and country median observation0.38×0.35×
Shanghai
China · CNY
East China ocean and air origin operationsBundle evidence map0.38×0.35×
Hong Kong
Hong Kong · HKD
Regional commercial and air freight gatewayBundle evidence map0.45×0.42×
Singapore
Singapore · SGD
Southeast Asia regional hub and transhipment operationsBundle evidence map0.50×0.47×
Bengaluru
India · INR
Engineering and platform developmentBundle evidence map and employee-reported records0.28×0.26×
Gurugram
India · INR
Delhi NCR operations and shared servicesBundle evidence map0.26×0.24×
Melbourne
Australia · AUD
Australian import operations and customs brokerageBundle evidence map0.55×0.52×
Guadalajara
Mexico · MXN
Nearshoring operations and cross-border trade supportBundle evidence map0.22×0.20×

Flexport does not publish an office directory with headcount, and the count of offices reported by third-party profiles ranges from about 20 to about 40. The 21 markets here are the 20 the research bundle's evidence map carries with a stated confidence level, plus San Bernardino, which appears as a named worksite on the FY2025 visa filings. Sydney and Mexico City are deliberately not substituted for Melbourne and Guadalajara without current careers evidence.

San Francisco anchor medians — the basis of every modeled cell

BandBaseStockBonusTotal
SWE1$138K$51K$12K$201K
SWE2$167K$68K$12K$247K
Sr$209K$111K$15K$335K
Staff$239K$139K$20K$398K
SrStf$268K$148K$24K$440K
SrMgr$245K$130K$33K$408K
GrpMg$275K$152K$44K$471K
Dir$300K$165K$54K$519K
  • The San Francisco Bay Area column is the anchor. Software Engineer I through Staff Engineer come from Levels.fyi Flexport records for that metro: $201,000, $247,000, $335,000 and $398,000 total.
  • New York is the only other United States city with a direct Flexport observation. Software Engineer II reads about 5 percent above San Francisco and Senior Software Engineer about 1 percent below, so New York is set at parity on total and marginally below on base.
  • Bellevue carries no Flexport salary record but 18 of the 38 FY2025 labour condition applications, more than San Francisco's 11. Its factor is a Washington-versus-Bay-Area market differential, not a Flexport observation.
  • Amsterdam is anchored on Netherlands records of €103,000 at Software Engineer I and €133,000 at Senior. Those imply factors of 0.60 and 0.46 against the anchor with no consistent slope between them, so a flat factor is applied and the spread is recorded as a gap.
  • Greater Bengaluru is anchored on two levels only, ₹5.23 million at Software Engineer I and ₹6.06 million at Software Engineer II, which imply 0.27 and 0.26 of the anchor. Because the observed ratio is flat across both, no top-of-ladder factor is applied.
  • Shenzhen and Shanghai are anchored on the bundle's China technical median of about ¥554,000, roughly 35 percent of the United States median at the report's foreign-exchange snapshot.

Model rules

  • Every modelled cell is the San Francisco median multiplied by the city base or total factor and then by the 25 August 2026 foreign-exchange snapshot.
  • Total compensation is base plus bonus plus annualised option value. No employer benefit load, no signing bonus and no relocation payment is included; adding an employer cost load would inflate the total without changing anyone's pay.
  • Annualised option value is the reporter's own estimate at the mark they used. It is not a company grant figure, it is not cash, and at a $2.95 to $3.74 August 2026 secondary indication it can move materially with the next valuation.
  • Non-anchor cities carry a total factor slightly below their base factor, on the ordinary expectation that option grants outside the United States are smaller relative to salary. Where the observed base and total factors were identical, both are left identical rather than manufacturing a spread.
  • The frontline freight operations and warehouse population is excluded from every factor. Reported operations pay of about $58,014 in San Francisco against $58,245 in Chicago shows that population moving in the opposite direction to the professional ladder, and folding the two together would misstate both.
  • Where no direct observation exists the cell is marked modelled and should be treated as a planning envelope rather than a benchmark.

Variable Pay & Annual Cash Incentive

Flexport publishes no bonus plan, no target grid and no payout history. The only visibility into cash variable pay is the bonus component that sits inside employee-reported packages, which is small relative to the option component on the engineering ladder and large and quota-driven on the commercial one.

BandTargetMechanismRecent payout
SWE1
Software Engineer I
About 9% of baseAnnual cash bonus. Reported at about $12,000 against a $138,000 San Francisco base.Not publicly disclosed
SWE2
Software Engineer II
About 7% of baseAnnual cash bonus. Reported at about $12,300 against a $167,000 San Francisco base.Not publicly disclosed
Sr
Senior Software Engineer
About 7% of baseAnnual cash bonus. Reported at about $14,600 in San Francisco; the New York sample reports no bonus at all at this level.Not publicly disclosed
Staff
Staff Engineer
About 8% of baseAnnual cash bonus. Reported at about $20,100 against a $239,000 base.Not publicly disclosed
SrStf
Senior Staff Engineer
About 9% of baseAnnual cash bonus, apportioned on the Staff-level ratio because the public sample thins out.Not publicly disclosed
Prin
Principal Engineer
About 10% of baseAnnual cash bonus within a modelled planning envelope.Not publicly disclosed
Mgr
Manager
About 12% of baseAnnual cash bonus with a team delivery component.Not publicly disclosed
SrMgr
Senior Manager
About 13% of baseAnnual cash bonus weighted towards organisational delivery.Not publicly disclosed
GrpMg
Group Manager / Head of
About 16% of baseAnnual cash bonus weighted towards business line results.Not publicly disclosed
Dir
Director / Senior Director
About 18% of baseAnnual cash bonus weighted towards business line results. Commercial directors additionally carry quota-linked variable pay that is not modelled here.Not publicly disclosed
VP
Vice President
About 30% of baseNot publicly disclosed. Modelled at an executive-style weighting.Not publicly disclosed
EVP
Senior Vice President / Executive Vice President
About 40% of baseNot publicly disclosed. Modelled at an executive-style weighting.Not publicly disclosed
ModeledVerifiedThere is no executive incentive disclosure to report. A public company of Flexport's scale would file a proxy statement setting out target bonus percentages, financial gates, payout curves and the committee's certified attainment. Flexport files none of that, and no substitute exists in press coverage, funding announcements or the research bundle. Any figure circulating for Flexport executive pay is an estimate from a third-party salary aggregator, not a disclosure.

Executive incentive targets — percent of salary

Founder, Chairman and Chief Executive Officer
Not publicly disclosed
Flexport files no proxy statement, so no salary, bonus target, cap or gate exists in the public record for Ryan Petersen.
Chief Financial Officer
Not publicly disclosed
Stuart Leung's appointment on 1 September 2023 was announced without compensation terms, as is normal for a private issuer.
Presidents and Executive Vice Presidents
Not publicly disclosed
The October 2023 leadership announcements named more than a dozen senior appointments and disclosed pay for none of them.
Commercial leadership
Not publicly disclosed
Employee-reported account executive pay averages about $131,572 with a $100,518 to $175,866 interquartile band, but no quota, rate or accelerator structure is published at any level.

Employee payout timing and history

No companywide payout percentage, merit budget or hike cycle has been published in any year reviewed. The bonus figures above are what individual employees reported receiving, not a target the company has confirmed. Two features of the recent record matter more than any target would: bonuses in a business that cut about 20 percent of its workforce twice in 2023 are unlikely to have paid at plan through that period, and the customs brokerage boom of 2025 changed the funding backdrop rather than any published rule.

Sales and special incentives

Flexport's commercial organisation is quota-carrying and its variable pay is structurally different from the engineering ladder. Employee-reported account executive total pay averages about $131,572 against a $100,518 to $175,866 interquartile band, and the Levels.fyi sales family median is about $180,500. Flexport discloses no quota-setting method, commission rate, accelerator, draw or clawback terms, so the model in this report applies the same modest targets as the level peers and will understate on-target earnings for a seller who attains quota.


Equity — RSUs, PSUs, Options & ESPP

Flexport equity means options on private common stock. There is no restricted stock unit programme evidenced for ordinary employees, no employee stock purchase plan, no listed share price and no guaranteed liquidity event. The distinguishing term is the exercise window, extended from 90 days to 10 years in March 2016.

Employee stock option grants on common stock
Active and the primary equity instrument at every evidenced level
Verified
Four-year vesting with 25 percent at the first anniversary and 6.25 percent quarterly thereafter, as recorded consistently across employee submissions. Grants are options with a strike price set at the board-approved fair market value, so an employee must pay to exercise and the spread, not the whole value, is what accrues.
Reserve: Not publicly disclosed. Flexport publishes no option pool size, no utilisation rate and no annual grant total.
Levels.fyi Flexport vesting disclosure and employee-reported packages
Ten-year post-termination exercise window
Announced 1 March 2016 and cited as current in employee-facing sources
Verified
A leaver has 10 years from grant rather than 90 days from departure to exercise vested options. Flexport framed it as fairness, noting that a 90-day window forces a departing employee either to fund the exercise and its tax bill immediately or to forfeit vested value. Flexport joined Pinterest, Coinbase and Quora in the practice.
Reserve: Applies to vested options; unvested options are forfeited on departure as usual
Flexport blog, 1 March 2016
Series E preferred stock
Outstanding; issued February 2022
Verified
A $935 million round led by Andreessen Horowitz and MSD Partners at an $8 billion valuation, with Shopify and Michael Dell participating. Preferred stock sits ahead of employee common stock in a liquidation, which is why a headline valuation is not the same thing as the value of a common share.
Reserve: About $2.5 billion raised in total since 2013
Flexport and Businesswire announcements, February 2022
Shopify convertible notes
Outstanding; issued January 2024
Verified
A $260 million uncapped convertible note from Shopify, taken alongside Flexport's acquisition of Shopify Logistics, for which Shopify received an equity stake reported at 13 percent at the time and about 17 percent later. Uncapped notes convert at the next round's price, so they dilute common holders without setting a common share price today.
Reserve: Shopify carried the notes at $326 million and the equity at $602 million at 31 December 2025
Shopify disclosures and Flexport's January 2024 announcement
Secondary market sales
Available through brokered platforms, subject to company transfer restrictions
Verified
Forge, Hiive, Nasdaq Private Market and EquityZen quote Flexport common stock. Any sale by a current or former employee is subject to the company's right of first refusal and transfer approval, and the platforms' quoted prices are indications rather than executed marks.
Reserve: No company-run tender offer is documented in any source reviewed for this report
Forge, Hiive and Nasdaq Private Market listings, August 2026
  • The option pool size, the annual grant budget, the strike price history and any refresh policy are all undisclosed. Nothing in the public record allows an employee to check what fraction of the company a grant represents.
  • Preferred stock and uncapped convertible notes both sit ahead of common. In a sale below the preference stack, common options can be worth nothing even at a headline valuation in the billions.
  • A ten-year exercise window solves the timing problem but not the money problem. The employee still owes the strike price and, for incentive stock options, potentially alternative minimum tax on the spread at exercise.
  • The absence of a documented company-run tender offer means the practical route to liquidity is a brokered secondary at an indication price, with the company able to block the transfer.

What a Flexport option is worth on paper

$2.95
Forge Price per share, 25 August 2026
Hiive showed $3.00 the same day; Nasdaq Private Market estimated $3.74 on 11 August 2026.
$8.0B
February 2022 Series E valuation
The peak mark. Third-party estimates put the implied valuation nearer $3.8 billion by late 2024.
$602M
Shopify's carrying value of its Flexport equity at 31 December 2025
Down from $642 million a year earlier, while its Flexport convertible notes rose from $291 million to $326 million.
None
Employee stock purchase plans
A private company has no listed share to purchase, so the discounted purchase plan common at listed peers does not exist here.

Vesting — common reported employee schedule

Year 1
25%
+25% · annual tranche
Year 2
50%
+25% · annual tranche
Year 3
75%
+25% · annual tranche
Year 4
100%
+25% · annual tranche

Four years, one-year cliff, quarterly thereafter, consistently across employee reports. What separates Flexport from the market default is what happens after departure: 10 years to exercise rather than 90 days. That converts a forced decision at the worst possible moment into a long-dated call option on the company, and it is the single most valuable structural term in the package.

Eligibility by hierarchy level

  • Options appear in reported packages at every evidenced level from Software Engineer I upward, so equity is not a senior-only instrument at Flexport. What is not evidenced is any minimum eligible role, any grant matrix or any guarantee that a given offer carries a grant.
  • The annualised option component runs at roughly 25 percent of the reported package at Software Engineer I, 27 percent at Software Engineer II, 33 percent at Senior and 35 percent at Staff in the San Francisco sample.
  • Non-United States packages show a smaller option share. The Netherlands sample carries €23,000 of annualised stock at Software Engineer I against a €73,600 base, about 22 percent of the package.
  • Refresh grants, promotion grants and retention grants are not documented in any source. An employee cannot verify from public information whether Flexport refreshes annually, at promotion, or not at all.
  • Because the strike price is set at each 409A fair market value, an option granted at the 2022 valuation and one granted at the 2026 mark are different instruments even at the same nominal share count. Employees hired at the peak may hold options struck above the current secondary indication.

Indicative annual grant value by band — San Francisco

BandAnnual value (USD)MedianShares at $2.95
SWE1$38K$64K$51K~12,96621,610
SWE2$51K$85K$68K~17,21228,686
Sr$84K$139K$111K~28,32247,203
Staff$104K$174K$139K~35,31458,856
SrStf$111K$185K$148K~37,62762,712
Prin$139K$231K$185K~47,03478,390
Mgr$79K$131K$105K~26,69544,492
SrMgr$98K$163K$130K~33,05155,085
GrpMg$114K$190K$152K~38,64464,407
Dir$124K$206K$165K~41,94969,915
VP$225K$375K$300K~76,271127,119
EVP$375K$625K$500K~127,119211,864

Annualized planning value (±25%), not the face value of every new-hire grant. Share equivalents use the $2.95 reference price at 25 August 2026 Forge Price indication for Flexport common stock and ignore plan valuation rules and PSU performance. Highlighted rows are disclosed grant-date stock awards.

Named executive target equity

ExecutiveTargetUnits / structure
Ryan Petersen
Founder, Chairman and Chief Executive Officer
Not publicly disclosedFounder shareholding rather than an annual grant. No share count, percentage or grant history is published, and there is no Form 4 record because Flexport is not a Section 16 issuer.
Shopify
Strategic investor and board seat holder
Reported at 13 percent at the 2023 transaction, about 17 percent laterEquity taken in exchange for Shopify Logistics in May 2023, plus a $260 million uncapped convertible note in January 2024. Carried at $602 million of equity and $326 million of notes at 31 December 2025.
Andreessen Horowitz and MSD Partners
Series E lead investors
Not publicly disclosedCo-led the $935 million February 2022 round at an $8 billion valuation. Preferred terms, including any liquidation preference multiple or participation right, are not public.
Employee option holders
Current and former employees
Pool size not publicly disclosedCommon stock options with a four-year vest, a one-year cliff and a 10-year post-termination exercise window, ranking behind all preferred stock and convertible notes in a liquidation.
VerifiedThere is no employee stock purchase plan and there cannot be one while Flexport is private, because there is no listed share to buy at a discount. The nearest equivalent value in the package is the extended exercise window, which lets a leaver keep optionality without funding an exercise. The nearest equivalent risk is that the only route to cash is a brokered secondary at an indication price, subject to the company's right of first refusal, or an eventual initial public offering that Ryan Petersen has described as possible within five years rather than scheduled.

Executive Compensation

There is no Flexport executive compensation to report. As a private company it files no proxy statement and no Form 10-K, so no Summary Compensation Table, no pay ratio, no board pay schedule and no Section 16 trade record exists. This section records the leadership structure and the disclosure boundary instead of estimating numbers that no source supports.

CEO compensation
For a founder chief executive of a private company the reported salary would be close to irrelevant even if it were published. Ryan Petersen's economics run through his founder shareholding, and that holding is marked at whatever the latest round or secondary indication implies. In August 2026 those indications ranged from $2.95 to $3.74 a share across three platforms, against an $8 billion valuation struck in February 2022 and third-party estimates nearer $3.8 billion by late 2024.
CEO-to-median-employee ratio
Not disclosed
A chief executive pay ratio is a Securities and Exchange Commission requirement for registrants with listed equity. Flexport has none, so no median employee is identified and no ratio is calculated in any year.
Peer CEO comparison
FedEx · Chief executive officer · Latest proxy reviewed in the research bundle$27.57M
FedEx proxy statement; median employee $50,373 and a 547:1 ratio
C.H. Robinson Worldwide · David P. Bozeman · FY2025$11.05M
C.H. Robinson proxy disclosure as compiled by Salary.com

These are public logistics companies of a completely different size and structure, shown only to give a sense of what the missing disclosure would look like. FedEx employs several hundred thousand people against Flexport's roughly 2,900, and its 547 to 1 ratio is driven by a $50,373 median employee that has no analogue in a company whose reported median package is about $236,000. Nothing here should be read as an estimate of Flexport executive pay.


Named Executive Officers & Board

Flexport's leadership was substantially rebuilt in the second half of 2023. Dave Clark left the chief executive role in September 2023 after roughly a year, Ryan Petersen returned as chief executive, and in October 2023 Petersen announced a wide restructuring of the senior team alongside a 20 percent workforce reduction. Names below come from that announcement and subsequent reporting; no compensation accompanies any of them.

The October 2023 restructuring named Stuart Leung as Chief Financial Officer, promoted from head of finance after nearly seven years at Flexport and replacing Kenny Wagers, alongside Sanne Manders as President International, Bill Driegert as EVP North America, Nader Kabbani as EVP Customs Trade and Financial Services, Parisa Sadrzadeh as EVP Small and Medium Business and Omnichannel, Neel Jones Shah as Chief Customer Officer for Key Global Accounts, Harish Abbott as Chief Customer Officer for Omnichannel, Ashianna Esmail as Chief Legal Officer, Anders Schulze as SVP Ocean Freight, Akash Chauhan as SVP Fulfillment and Distribution Operations, Charles Chang as VP of Technology, Zeid Houssami as VP of Airfreight, Ted Boeglin as VP of Marketing and Michael Brown as SVP and Head of Restructuring. Flexport has not published an updated leadership roster in any source reviewed for this report, so some of these titles may since have changed without any public record.

Board compensation framework

ElementAmountNotes
Annual cash retainerNot publicly disclosedPrivate company boards file no director compensation table. Nothing is published for Flexport in any year.
Committee feesNot publicly disclosedAudit, compensation and nominating committee structures are not published for Flexport.
Director equityNot publicly disclosedInvestor-nominated directors typically take no separate equity award, but Flexport confirms nothing.
Board compositionPartially publicShopify took a board seat alongside its equity stake in the May 2023 logistics transaction, and Andreessen Horowitz and MSD Partners co-led the February 2022 Series E. Ryan Petersen is chairman.

Everything a reader would normally check in a proxy statement about board pay is absent here by structure rather than by omission. A private company simply has no filing obligation, and Flexport has not chosen to publish voluntarily.

Regional heads and other officers

Regional heads, country managers and functional officers below the announced layer are not published at all. For a listed peer, Section 16 would at minimum produce a list of executive officers and a running record of their share movements. For Flexport there is no such list, so the practical position for a candidate negotiating at this layer is that no external benchmark exists and the only leverage is the outside market rather than an internal comparison.


Insider Trades — SEC Forms 3/4/5

There are no insider trades to show. Flexport has no registered class of equity securities, so no officer, director or ten percent holder files a Form 3, 4 or 5, and no exercise, settlement, withholding or open-market sale is visible to the public. Secondary sales of Flexport common stock do occur through brokered platforms, but they are private transactions subject to the company's transfer restrictions and are not disclosed.

Reading guide

No Section 16 record existsForms 3, 4 and 5 are obligations of registrants with listed equity. Flexport has none, so the entire insider trading record that anchors a listed-company report is missing rather than empty.
Secondary sales are privateForge, Hiive, Nasdaq Private Market and EquityZen all list Flexport common stock, but a completed transfer requires company approval and is not published. Their quoted prices are indications, not executed marks.
No company tender offer is documentedNo source reviewed for this report records Flexport running a company-sponsored tender offer for employee shares. Absence of evidence is not evidence of absence, but nothing supports one.
The 10-year window changes leaver behaviourBecause vested options survive for a decade after departure, a leaver has no forced sale and no forced exercise. That removes the main reason a private-company employee would seek a secondary sale in a hurry.

Benefits & Perks

Flexport publishes no country rewards portal, so the United States picture comes from employee-reported benefit listings and everything outside the United States is the statutory floor that any employer in that market must meet. The gap between the two is itself the finding: a Dutch or Indian Flexport package carries entitlements a United States package does not, and a United States package carries a fully paid medical premium that most of the others do not.

United States

  • MedicalHealth, dental and vision premiums reported as fully covered. Employee benefit listings consistently describe 100 percent covered medical, dental and vision. Plan carriers, tiers, deductibles, dependent contribution rates and eligibility waiting periods are not published. [reported]
  • Retirement401(k) plan. A 401(k) is offered. No employer match percentage, vesting schedule or true-up is disclosed in any source reviewed, which is unusual enough to be worth asking about directly at offer stage. [reported]
  • LeaveFlexible paid time off for exempt employees plus defined holidays. Flexible or unlimited time off rather than an accrual, so there is no balance to pay out on departure in states that would otherwise require it. [reported]
  • Family18 weeks paid maternity leave and 8 weeks paid paternity leave. A phase-back programme provides reduced hours and a flexible schedule during the first month back. Fertility benefits and family medical leave are also listed. [reported]
  • WorkplaceCommuter benefits, provided lunch and snacks, dog-friendly offices. Employee assistance programme, employee resource groups, company outings and paid volunteer time are also listed on employer benefit profiles. [reported]

Global programs

  • EquityTen-year post-termination option exercise window. The most valuable structural benefit in the package and the one Flexport has actually published. It applies to vested options and converts a 90-day forced decision into a decade of optionality. [official]
  • Working modelOffice-based operations with a distributed commercial network. Freight operations are tied to gateways and ports rather than to a single campus, which is why the office list runs across port cities rather than clustering in one metro. No formal global remote or hybrid policy is published. [npd]
  • SupportEmployee assistance programme and employee resource groups. Both appear on employer benefit profiles for the United States. Availability outside the United States is not documented. [reported]
  • GrowthNo published learning fund, tuition benefit or certification reimbursement. Nothing in the reviewed sources describes a company-wide education benefit, which is a real gap against listed technology peers that publish annual learning allowances. [npd]

Benefit fields not publicly quantified

Flexport publishes no benefits page for any country. The United States rows come from employer benefit profiles built on employee submissions rather than from Flexport, and every non-United States row is the statutory floor rather than a Flexport commitment. Specifically undisclosed everywhere: the 401(k) match rate and vesting, medical carriers and employee premium shares, dependent coverage terms, life and disability cover, any pension or provident arrangement above statute, any medical or insurance top-up in Europe, China, India, Singapore, Australia or Mexico, relocation and immigration support terms, and any learning or wellbeing allowance.


Performance Review & Pay Progression

Flexport publishes nothing about performance management. There is no described rating scale, no calibration process, no appraisal calendar, no merit budget and no promotion rule in any source reviewed for this report, including the company's own blog and careers pages.

Not publicly disclosed

No rating scale, rating labels or forced distribution is published, so no rating-to-increase table can exist.
No appraisal cycle dates, merit effective date or off-cycle correction policy is published in any year.
No promotion time-in-level rule and no promotion increase percentage is published.
No companywide salary increase percentage has been announced in any year reviewed, including the years of the 2023 restructurings.
No probation or confirmation terms are published for any market.
No pay equity audit, gender pay gap figure or diversity pay disclosure was located. Employer profiles list pay equity as a stated value without publishing a number behind it.
No equity refresh, promotion grant or retention grant policy is published, which for an options-based private company is the single largest unpublished variable in a long-tenure package.

Modeled promotion planning timeline

BandYears to next scopePromotion hikeStatus
SWE11.5–2.5 years to Software Engineer IINot disclosedModeled planning interval
SWE22–4 years to Senior Software EngineerNot disclosedModeled planning interval
Sr3–5 years to Staff EngineerNot disclosedModeled planning interval
Staff3–6 years to Senior Staff EngineerNot disclosedModeled planning interval
SrStfTerminal level for most engineering careersNot disclosedModeled planning interval
PrinNot publicly disclosedNot disclosedModeled planning interval
Mgr2–4 years to Senior ManagerNot disclosedModeled planning interval
SrMgr3–5 years to Group ManagerNot disclosedModeled planning interval
GrpMg3–6 years to DirectorNot disclosedModeled planning interval
DirNot publicly disclosedNot disclosedModeled planning interval
VPNot publicly disclosedNot disclosedModeled planning interval
EVPChief executive appointmentNot disclosedModeled planning interval

The one progression signal in the public record is tenure, not policy. Employee-reported data puts the median Flexport senior software engineer at roughly eight to nine years of experience, several years above the level's usual benchmark at large technology employers. Read alongside two 20 percent workforce reductions in 2023 and a 2 percent reduction in October 2024, that suggests a period in which promotion and backfill both slowed, and it is the most useful thing a candidate can take from the absence of a published framework.

Pay progression evidence

Modelled progression, not Flexport policy: Software Engineer I to II typically takes 1.5 to 2.5 years for a 15 to 22 percent base increase; II to Senior takes 2 to 4 years for 20 to 28 percent; Senior to Staff takes 3 to 5 years for 12 to 18 percent; Staff to Senior Staff takes 3 to 6 years for 10 to 15 percent; Manager to Senior Manager takes 2 to 4 years for 12 to 16 percent; and Senior Manager to Director is variable. Those percentages are derived from the gaps between the reported anchor medians themselves, so they describe the shape of the observed ladder rather than any promotion rule Flexport applies. At a private company the option refresh at promotion usually matters more than the cash step, and Flexport publishes no refresh policy at all.


H-1B / LCA Visa Footprint — United States

Flexport is a small and selective H-1B sponsor rather than a volume filer, and the filings are the single most reliable government-sourced view of what it pays in the United States. Labour condition application wages are proffered base salary only, so they exclude bonus and the option component that makes up a third of a senior Flexport package.

FY2025 certified applications
38
37 of the 38 were approved, an approval rate of about 97 percent, with the USCIS petition approval rate reported at about 96 percent.
FY2025 median proffered base
$163,527
Across a span from $88,000 to $241,581. Roughly 29 percent of filings were above $200,000 and about 5 percent below $100,000.
Largest worksite
Bellevue, 18 filings
More than San Francisco's 11, which is the clearest public evidence that Flexport's technical hiring has shifted to the Seattle area.
Filing volume trend
66 in 2021 to 38 in FY2025
The 2020 file showed 46 records at a $147,500 median and 2021 showed 66 at a $150,000 median, so volume fell while the median base rose about 9 percent.

Dataset summary

DatasetResultInterpretation
h1bdata.info FY2025 extract38 records at a $163,527 medianDistribution: 5.3 percent below $100,000, 26.3 percent from $100,000 to $150,000, 39.5 percent from $150,000 to $200,000 and 28.9 percent above $200,000.
H1BGrader employer profile38 FY2025 labour condition applications with 37 approvedReports an LCA approval rate of about 97 percent and a USCIS petition approval rate of about 96 percent.
h1bdata.info 2021 file66 records at a $150,000 medianThe peak filing year in the extracts reviewed, coinciding with Flexport's largest headcount.
h1bdata.info 2020 file46 records at a $147,500 medianThe earliest year reviewed here; the median has risen about 11 percent since.
h1bdata.info San Francisco 2024 filter5 records at a $237,681 medianA very small sample skewed towards senior titles, and far above the FY2025 all-worksite median. It should not be read as a San Francisco wage level.

City-level H-1B wage history

CityP25MedianP75Records
Bellevue, Washington
The largest FY2025 worksite by a wide margin. Quantiles are reconstructed from the FY2025 distribution rather than published for the city.
$140K$165,000$205K18
San Francisco, California
The headquarters worksite and the second-largest FY2025 concentration; the small 2024 San Francisco filter read a $237,681 median on five senior records.
$150K$180,000$218K11
New York, New York
Commercial and product roles; quantiles reconstructed from the overall distribution.
$145K$172,000$205K3
Atlanta, Georgia
Operations and analyst roles at one of Flexport's earliest offices.
$105K$125,000$150K2
Miami, San Bernardino, Chicago and Dallas
One filing each, spanning commercial, fulfilment and freight operations roles. Too small to quantify individually.
$95K$118,000$145K4

All-years aggregates. P25/P75 are rounded reconstruction values marked modeled; medians and record counts are the stronger fields.

Selected title / worksite records

TitleWorksiteProffered wageNotes
Staff Machine Learning ScientistFY2025 certified application$241,581The highest single proffered base in the FY2025 file.
Senior Software EngineerFY2025 certified applications$216,838 median across 6 filingsAbout 4 percent above the $209,000 employee-reported San Francisco senior base, and base only.
Staff Product ManagerFY2025 certified applications$217,625 to $230,000Product management filings sit close to senior engineering, consistent with the reported ladder.
Senior Product ManagerFY2025 certified application$185,000Roughly one rung below the staff product filings.
Software EngineerFY2025 certified applications$145,250 median across 7 filingsSits between the reported Software Engineer I and II bases of $138,000 and $167,000.
Data ScientistFY2025 certified application$150,000Against a reported Flexport data science median package of about $211,142 including bonus and options.

Reading the data correctly

  • A labour condition application wage is proffered base salary. It excludes bonus and the annualised option value that makes up roughly a third of a senior Flexport package, so it is not comparable with a total compensation figure.
  • Thirty-eight filings is a small sample. A single senior filing moves the median noticeably, and the city-level quantiles here are reconstructed from the overall distribution rather than published per city.
  • A certified application is a filing, not a hire. Certifications exceed petitions and petitions exceed people actually employed on the visa.
  • The extracts reviewed use different fiscal-year filters and refresh dates, which is why the 2020, 2021 and FY2025 files cannot simply be stacked into a trend line without that caveat.
  • The FY2025 file names Bellevue more often than San Francisco. That is strong evidence about where technical roles are being filled, but it says nothing about where the wider operations headcount sits, because operations roles are rarely visa-sponsored.

Key Nuances & Insights

01The missing disclosure is the headline finding

Five artefacts that anchor a normal compensation report do not exist for Flexport: a Form 10-K compensation note, a proxy Summary Compensation Table, a chief executive pay ratio, Form 4 insider transactions and a quoted share price. Any Flexport executive pay figure circulating online is a third-party model, not a disclosure, and should be treated as such.

02The ten-year exercise window is the most valuable term in the package

Announced on 1 March 2016, it gives a leaver a decade rather than 90 days to exercise vested options. At a company that has cut its workforce three times since 2023, that term is not a nice-to-have: it is the difference between keeping and forfeiting vested value for everyone caught in a reduction.

03Common stock sits behind about $2.5 billion of preferred and notes

Employee options are common stock. Above them sit the Series E preferred from the February 2022 round and a $260 million uncapped convertible note from Shopify. In a sale that clears the preference stack but little more, common can be worth far less than a headline valuation implies.

04An uncapped convertible note dilutes without setting a price

Shopify's January 2024 note was uncapped, meaning it converts at whatever the next round prices. That is why no clean post-2022 common share price exists, and why the secondary indications, the Shopify carrying value and the last preferred round all point at different numbers.

05Your strike price vintage matters more than your share count

An option struck at the fair market value behind the $8 billion February 2022 valuation is a different instrument from one struck against a 2026 mark that secondary platforms indicate between $2.95 and $3.74 a share. Two employees with identical grant sizes can be in completely different economic positions depending on their hire date.

06Technical hiring has moved to Bellevue

Of 38 FY2025 labour condition applications, 18 named Bellevue against 11 for San Francisco. San Francisco remains the headquarters and the pay anchor, but the government record shows where sponsored technical roles are actually being filled, and a San Francisco or Bellevue posting reviewed here quoted a single $155,000 to $194,000 base range across both.

07Two populations that move in opposite directions across cities

Reported freight operations pay sits at about $58,014 in San Francisco and $58,245 in Chicago, effectively identical across a wide cost-of-living gap, while software engineering carries a real San Francisco premium. Any single city multiplier applied to both populations misstates one of them, which is why this report prices only the professional ladder.

08Senior tenure suggests a slow ladder

The public sample puts the median Flexport senior software engineer at roughly eight to nine years of experience, several years above the usual senior benchmark at large technology employers. Combined with three workforce reductions since 2023, that reads as a period of slowed promotion and backfill rather than a deliberate design.

09The Netherlands ratio does not behave like an offshore centre

Amsterdam packages read at about 60 percent of the San Francisco anchor at entry level and about 46 percent at senior level, the opposite of the usual compression pattern. The sample is small enough that this is probably noise, so a flat factor is applied rather than an invented curve, but it means a senior Dutch offer will feel further from a United States one than a junior offer does.

10The India evidence stops at Software Engineer II

Greater Bengaluru records exist for Software Engineer I at ₹5.23 million and Software Engineer II at ₹6.06 million and nothing above. There is no evidenced Flexport senior, staff or management package in India, so anything quoted for those levels is extrapolation, and this report does not apply a top-of-ladder factor to India for that reason.

11No published 401(k) match is a real gap, not an oversight to ignore

Employee benefit profiles describe fully covered medical, dental and vision premiums, which is genuinely above market, but no source states the 401(k) employer match rate or its vesting. For a candidate that is a specific, answerable question to put to a recruiter rather than something to assume.

12There is no purchase plan and no documented tender offer

A private company cannot run a discounted employee stock purchase plan, and no company-sponsored tender offer for employee shares is documented in any reviewed source. The practical liquidity route is a brokered secondary at an indication price, subject to the company's right of first refusal, or an eventual listing that Ryan Petersen has described as possible within five years rather than scheduled.

13The 2025 profit was not an operating profit

Flexport has acknowledged that its 2025 profitability rested on a one-time gain of about $250 million from selling the Convoy platform assets, with organic profitability targeted for 2026 on roughly 30 percent revenue growth. Anyone modelling a bonus or a refresh grant off a profitability headline should know which kind of profit it was.

14Peer benchmarking has to be done sideways

The nearest large public forwarder, FedEx, discloses chief executive compensation of $27.575 million against a $50,373 median employee, a 547 to 1 ratio. Flexport's reported median package is about $236,000, roughly five times FedEx's median, because its disclosed population is a software and commercial workforce rather than a courier workforce. The two are not comparable, and the more useful private comparators are late-stage technology companies rather than listed logistics groups.

Research control

On the engineering ladder Flexport prices close to the mid-tier of the San Francisco technology market: a $201,000 entry package and a $335,000 senior package sit below the large-cap product companies and above most non-technology employers in the same city. The difference is what the equity component is worth. A third of a senior Flexport package is options on private common stock behind a full preference stack, valued at a mark that ranged from $2.95 to $3.74 a share across three platforms in August 2026, against a listed peer's restricted stock units that convert to cash on a known schedule. The right adjustment is not a discount to the equity number but a decision about how much of it to count at all.

Evidence classification

LabelMeaningExamples and permitted use
VerifiedA Flexport publication, an official job posting or a government rule such as a statutory leave or contribution entitlement.The ten-year exercise window, the funding and valuation announcements, the statutory benefit floors and the foreign-exchange snapshot.
ReportedA named third-party dataset with observable records: Levels.fyi and Glassdoor salary submissions, and Department of Labor labour condition applications.The San Francisco anchor medians, the New York, Netherlands and Bengaluru observations, the leadership medians and the H-1B wage distribution.
ModeledThe San Francisco anchor multiplied by a city calibration factor and foreign exchange, inside a stated planning envelope.Every city without a direct observation, the Principal row, the management rows and both executive rows.
Not publicly disclosedNo source in the research bundle or its named references supports a figure.All executive and board compensation, the option pool, the bonus plan, the 401(k) match and every non-United States benefit above statute.

Explicit “Not publicly disclosed” index

All executive compensation, including the chief executive, the chief financial officer and every president and executive vice president
Chief executive to median employee pay ratio and any median employee figure
Board of directors composition beyond announced investor seats, and all director compensation
Insider or founder share transactions of any kind
The employee option pool size, utilisation, annual grant budget and strike price history
Any equity refresh, promotion grant or retention grant policy
Salary ranges, band minimums and midpoints for every level in every market
The bonus target grid by level and any payout history
Sales quota, commission rate, accelerator, draw and clawback structures
The 401(k) match rate and vesting schedule, and medical plan carriers, tiers and employee premium shares
Every non-United States benefit above the statutory floor, in Europe, Greater China, India, Asia Pacific and Mexico
Performance rating scale, calibration process, appraisal calendar, merit budget and promotion rules
City-level headcount, office-level headcount and any workforce split by country
Any geographic revenue split

Known gaps and diligence before relying on a cell

  1. 1The research bundle for Flexport contains no structured data file and no completed research report. Its recovered validation log records the report and implementation as missing, so this report is built from the bundle's execution brief, its recovered dashboard carrying the disclosure boundary and the 20-market evidence map, and the public sources that dashboard names.
  2. 2The bundle's country medians and the current Levels.fyi pages disagree on India. The bundle records an India technical median of about ₹4.69 million while the live Greater Bengaluru median reads about ₹5.65 million and the India-wide median about ₹5.76 million. This report calibrates Bengaluru on the city-level figure, which is consistent with its anchor-city methodology, and records the bundle's lower figure here.
  3. 3The chief executive row is deliberately omitted from the band table. Modelling a founder chief executive's pay would import a number from public logistics proxies that has nothing to do with Flexport, and it would distort every location factor at the top of the ladder. The vice president and executive vice president rows are kept but excluded from the range chart and marked as envelopes.
  4. 4Headcount sources conflict. One profile reports about 2,100 employees for 2025 while another reports over 2,800 across 89 countries in the same period, against 2,893 at 30 June 2026. This report uses 2,893 as the current figure and shows the conflict in the headcount trend.
  5. 5Valuation marks conflict by design. Nasdaq Private Market estimated $3.74 a share on 11 August 2026, Forge $2.95 and Hiive $3.00 on 25 August 2026, against an $8 billion February 2022 round and a late-2024 third-party estimate near $3.8 billion. All four are shown rather than averaged, and the $2.95 Forge indication is used as the report's nominal share price.
  6. 6City factors outside San Francisco, New York, Amsterdam, Shenzhen and Bengaluru carry no Flexport observation at all. They are market differentials applied to the anchor and are a grade less reliable than the observed markets.
  7. 7No top-of-ladder factor is applied to any market. In every market with more than one observed level the ratio was flat or moved in an inconsistent direction, so interpolating a compression curve would be inventing a pattern the data does not show.
  8. 8No employer benefit load is included in any total. Total compensation is base plus bonus plus annualised option value, so it reconciles to the components and does not mix employer cost into employee pay.
  9. 9The frontline freight operations and warehouse population is excluded from the band table and from every location factor, because its reported pay barely moves between San Francisco and Chicago while the professional ladder's does. Its figures are carried in the narrative instead.
  10. 10The management rows use three separate small Levels.fyi leadership samples that do not order themselves cleanly by title. This report orders them by observed value and states the title each observation carried, rather than smoothing them into a single invented curve.
  11. 11No leadership roster more recent than the October 2023 restructuring was located, so some titles listed may have changed without any public record.
  12. 12Flexport publishes no geographic revenue split, so the revenue panel is omitted entirely rather than repurposed.

FX rates used — 1 USD equals, snapshot 2026-08-25

0.857486
EUR
0.733579
GBP
6.721
CNY
7.8379
HKD
1.27028
SGD
95.4176
INR
1.39796
AUD
16.92
MXN

Single-date conversion layer for comparability; it ignores payroll-date FX, tax, purchasing power, benefits valuation and hedging. Compensation intelligence, not legal, tax, investment, immigration or employment advice.

Source register — 15 sources

Bundle briefFlexport Compensation Research Package execution brief and manifest · Company_Compensation_Reports_2026 research bundle · 2026-08-26. Scope, the required location list and the confirmation that no completed report or structured data file was recovered.
Bundle dashboardRecovered standalone Flexport compensation dashboard · Company_Compensation_Reports_2026 research bundle · 2026-08-26. The private-company disclosure boundary, the 20-market evidence map with confidence levels, the United States, India, Netherlands and China technical medians and the FedEx peer figures.
Levels.fyiLevels.fyi Flexport salary records · Levels.fyi · 2026-08-27. San Francisco Bay Area, New York, Netherlands and Greater Bengaluru medians by level, the option vesting schedule and exercise window, and the leadership and non-engineering role medians.
GlassdoorGlassdoor Flexport salary and benefit profiles · Glassdoor · 2026-08-27. Operations associate and account executive pay, the San Francisco and Chicago comparison, and the United States benefit listing.
Flexport blogFlexport Rolls Out Employee-Friendly Equity Plan · Flexport, Inc. · 2016-03-01. The ten-year post-termination option exercise window and Flexport's stated rationale for it.
Flexport company pagesFlexport company, about and global network pages · Flexport, Inc. · 2026-08-27. Mission, the 112-country merchandise statement, the 147-country platform user figure and the stated 2.9 times net revenue growth since 2023.
Series EFlexport announces $935 million in funding · Flexport and Businesswire · 2022-02-07. The February 2022 round size, the $8 billion valuation and the Andreessen Horowitz and MSD Partners lead.
Shopify noteFlexport raises $260 million from Shopify and Shopify's carrying values · Flexport and Shopify · 2026-02-11. The uncapped convertible note, the equity stake taken in the 2023 logistics transaction, and the $602 million equity and $326 million note carrying values at 31 December 2025.
Secondary marksForge, Hiive and Nasdaq Private Market Flexport listings · Forge Global, Hiive and Nasdaq Private Market · 2026-08-25. The $2.95, $3.00 and $3.74 per-share indications used as the report's valuation marks.
h1bdata.infoh1bdata.info Flexport Inc extracts for 2020, 2021, 2024 and FY2025 · h1bdata.info · 2026-08-27. Filing counts, medians, the wage distribution, job titles and the worksite concentration.
H1BGraderH1BGrader Flexport Inc sponsor profile · H1BGrader · 2026-08-27. FY2025 application count, certifications and the LCA and petition approval rates.
Trade pressCNBC, CNN, FreightWaves, Sourcing Journal and TechCrunch reporting on Flexport · Various · 2026-08-27. The 2023 leadership change and layoffs, the October 2023 executive restructuring roster, the October 2024 reduction, the Convoy asset sale and the 2025 to 2026 customs brokerage and profitability commentary.
SacraSacra Flexport revenue and valuation profile · Sacra · 2026-08-27. Revenue by year, gross margin trajectory, headcount and the late-2024 implied valuation.
Statutory rulesNational statutory employment entitlements in the Netherlands, the United Kingdom, Germany, China, Hong Kong, Singapore, Australia, India and Mexico · National governments and statutory agencies · 2026-08-27. Every non-United States benefit row, all of which are legal floors rather than Flexport commitments.
FX snapshotCentral-bank and reference exchange rates · European Central Bank and national central banks · 2026-08-25. Every local currency conversion in this report.

Recent News & Workforce Trend

Flexport's compensation story since 2023 is a contraction followed by a tariff-driven recovery. Three workforce reductions in under two years reset the cost base; a customs brokerage boom in 2025 and 2026 reset the revenue base. No companywide pay action has been announced in any of it.

420
2016 employees
July 2016, when the company was valued at $365 million.
About 3,500
2022 employees
Implied by the January 2023 reduction of about 700 people described as 20 percent of the global workforce.
About 2,600
2023 employees
After two 20 percent reductions in the same year, roughly 700 people in January and about 640 in October.
2,100 to 2,800
2025 employees
Sources conflict: one profile reports 2,100 for 2025 while another reports over 2,800 across 89 countries.
2,893
2026 employees
At 30 June 2026, after a further 2 percent reduction in October 2024 and a tariff-driven expansion of customs brokerage.

Flexport has shed roughly a quarter of its people since 2022 and is now growing again from a much smaller base. For anyone reading a Flexport offer, the practical consequence is that internal pay comparisons inside the company are unusually noisy: a long-tenured employee, a 2022 peak-valuation hire and a 2026 joiner sit on different salary vintages and, more importantly, on different option strike prices.

1 Mar 2016
Flexport extends the option exercise window to 10 years

Leavers gain a decade rather than 90 days to exercise vested options, a term Flexport framed as fairness and as a recruiting advantage. It remains the most distinctive published feature of the package.

Flexport blog
7 Feb 2022
$935 million Series E at an $8 billion valuation

Co-led by Andreessen Horowitz and MSD Partners with Shopify and Michael Dell participating. This round set the peak strike-price vintage for employee options.

Flexport and Businesswire
11 Jan 2023
About 700 roles cut, 20 percent of the global workforce

Announced as global shipping demand normalised after the pandemic freight boom, four months after Dave Clark joined from Amazon.

FreightWaves and CNBC
5 May 2023
Flexport acquires Shopify Logistics in exchange for equity

The Deliverr transaction brought e-commerce fulfilment and last-mile delivery into Flexport and gave Shopify a stake reported at 13 percent plus a board seat.

Flexport and Shopify announcements
6 Sep 2023
Dave Clark departs and Ryan Petersen returns as chief executive

Clark left after roughly a year. Within days the company rescinded dozens of outstanding job offers, and the chief financial officer and head of human resources departed later the same month.

CNBC and CNN
12 Oct 2023
A second 20 percent reduction, about 640 people

Announced a month after the leadership change and framed as a route back to profitability. Paired with a wide restructuring of the senior leadership team.

CNBC and FreightWaves
13 Oct 2023
Senior leadership rebuilt in a single announcement

Stuart Leung became chief financial officer, replacing Kenny Wagers, alongside more than a dozen president, executive vice president and vice president appointments. No compensation was disclosed for any of them.

FreightWaves
1 Nov 2023
Flexport buys Convoy's assets after the digital freight broker shuts down

The purchase brought a technology platform that Flexport later sold, and the gain on that sale became the basis of its 2025 reported profit.

Trade press
25 Jan 2024
$260 million uncapped convertible note from Shopify

Uncapped notes convert at the next round's price, so the investment recapitalised the balance sheet without setting a common share price and without repeating the $8 billion mark.

Flexport and FreightWaves
15 Oct 2024
A further 2 percent workforce reduction in a reorganisation

Concentrated in management and fulfilment, and framed as a step towards profitability rather than as a response to a demand shock.

FreightWaves
31 Dec 2025
Customs brokerage gross profit roughly doubles year on year

Tariff complexity turned compliance work into the fastest-growing part of the business, with gross profit up about 99 percent. Flexport has said 2025 profitability nonetheless rested on a one-time gain of about $250 million from selling the Convoy platform assets.

Sourcing Journal and Sacra
15 Jan 2026
Tariff Refund Calculator launched ahead of a possible Supreme Court ruling

Built to quantify what customers might recover if the 2025 tariffs were overturned, which underlines how much of the current revenue momentum is policy-dependent.

Flexport and trade press
25 Aug 2026
Secondary indications cluster around $3 a share

Forge showed $2.95 and Hiive $3.00 on 25 August 2026, against Nasdaq Private Market's $3.74 estimate on 11 August. Ryan Petersen has described an initial public offering as possible within five years while targeting roughly 30 percent growth and organic profitability in 2026.

Forge, Hiive, Nasdaq Private Market and StatTimes
Last updated 2026-08-27