The Front Office

Scouting report · BLLN

Oguzhan Atay, PhD

  • Chief Executive Officer, Co-Founder & Chair of the Board, BLLN since 2016src

Co-founded BillionToOne in 2016 and has run it since; Chair and CEO

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design10strategic, time only · 264.09% of net income
Skin in the game—no holding or price on file
Age
37src
In the role
11 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 5

  • Dual-class control: he and his co-founder together hold 63.3% of the vote (31.1% + 32.2%) on 4,552,650 Class B shares. He is Chair as well as CEO, and the board has no policy requiring the roles to be splitsrc
  • Sold 138,038 shares from same-day exercises of $2.80 options for about $16.6m in June-September 2026 under 10b5-1 plans adopted 2026-03-06 and 2026-06-05. His spouse sold about $5.0m more in the same periodsrc
  • Received a 1,003,102-share option grant at $20.04 in June 2025, before the IPO, valued at $19.2m. It vests monthly over six years and the company says it covers 2026 as well, with no new grants to him until 2027src
  • The documents disagree on his bonus target. The IPO prospectus said the board set it at 100% of salary from the offering's closing; the 2026 proxy lists a 2025 target of 30% and a 2025 payout of $136,001 (124%)src
  • An emerging growth company until as late as 2030-12-31: no say-on-pay vote and no CEO pay ratio, and only three named executives disclosed, so the CFO's 2025 pay is not in the proxysrc

In their favour 2

  • Has not sold any Class B stock. His only Class B conversions since the IPO (10,000 and 20,000 shares) were given away as giftssrc
  • Policy bars officers from hedging, and pledging needs the compliance officer's approval. A clawback policy covers incentive paysrc

Career

  1. 2016 – now
    BillionToOne, Inc.src
    Co-Founder & CEO; director since 2016; Chair of the Board
    Took the company public on Nasdaq in November 2025 (4,551,100 Class A shares at $60.00)

Not located: Before 2016 only education is sourced: the years of his Stanford PhD and Princeton degree are not dated in any primary document searched (a search summary put the PhD in 2016 but no page carrying that date was located). BillionToOne is his only employer in the filings

Achievements

  • Co-founded BillionToOne in 2016 and has led it since, co-developing its molecular counting platformsrc
  • Took the company public in November 2025 at $60.00 a share, selling 4,551,100 new Class A sharessrc
  • BillionToOne reported GAAP net income of $7.5m for FY2025, against net losses of $41.6m in FY2024 and $82.7m in FY2023src
  • Holds 2,227,542 Class B shares (15 votes each) as of 2026-03-31, giving him 31.1% of the combined votesrc

Education

  • Stanford University, PhD Biologysrc
  • Princeton University, Bachelor's Molecular biology (minors in physics, computer science and applied mathematics)src

Background

  • Family The 2026 proxy states there are no family relationships among any nominees, directors or executive officerssrc
  • Family His spouse held 200,000 Class A shares at 2026-03-31 (beneficial ownership disclaimed); she sold under her own 10b5-1 plan alongside his sales and held 157,168 after 2026-09-14src
  • Founder Co-founded the company with David Tsao, now President, CTO and director. The two hold all the Class B stock: 31.1% (Atay) and 32.2% (Tsao) of the combined vote at 2026-03-31. Class B converts to Class A seven years after the post-IPO charter, or earlier on a Class B majority vote, or after a founder leaves or diessrc
  • Founder Exchanged 2,227,542 Class A shares for high-vote Class B shares at the IPO under an exchange agreement dated 2025-11-07, for no extra considerationsrc
  • Other Sold 196,126 shares for about $5.0m ($25.49 a share) to affiliates of Libertus Capital in April 2022, a pre-IPO secondary on which the company waived its right of first refusal. Tsao made an identical salesrc
  • Other Listed as a Colella Family Fellow on the Stanford Bio-X people pagessrc
  • Other Has described his path from a small town in Turkey through Princeton and a Stanford PhD to founding BillionToOne in a two-part interview on The Biotech Startups Podcastsrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

15
  1. Filing BillionToOne DEF 14A, 2026 annual meeting (accession 0002070849-26-000024) · 2026-04-21
  2. Filing BillionToOne IPO prospectus, 424B4 (0001193125-25-270155) · 2025-11-06
  3. Filing BillionToOne 8-K Items 2.02/5.02, adoption of the Annual Incentive Plan (0002070849-26-000013) · 2026-03-04
  4. Filing BillionToOne 10-Q for the quarter ended 2026-06-30 (0002070849-26-000050), signature page · 2026-08-05
  5. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 2070849 (FY2025 10-K, 0002070849-26-000017) · 2026-03-11
  6. Filing Form 4, Oguzhan Atay (reporting CIK 2088549), IPO reclassification and Class B exchange of 2025-11-07 (0001193125-25-278140) · 2025-11-12
  7. Filing Form 4, Oguzhan Atay, option exercise and 10b5-1 sales of 2026-06-08, gift of 2026-06-09 (0002088549-26-000002) · 2026-06-10
  8. Filing Form 4, Oguzhan Atay, option exercise and 10b5-1 sales of 2026-07-06 (0002088549-26-000004) · 2026-07-08
  9. Filing Form 4, Oguzhan Atay, option exercise and 10b5-1 sales of 2026-07-09 (0002088549-26-000006) · 2026-07-13
  10. Filing Form 4, Oguzhan Atay, option exercise and 10b5-1 sales of 2026-08-03 (0002070849-26-000052) · 2026-08-05
  11. Filing Form 4, Oguzhan Atay, option exercise and 10b5-1 sale of 2026-08-05 (0002088549-26-000007) · 2026-08-07
  12. Filing Form 4, Oguzhan Atay, Class B conversion of 2026-09-08 and gift of 2026-09-09 (0002070849-26-000066) · 2026-09-10
  13. Filing Form 4, Oguzhan Atay, option exercise and 10b5-1 sales of 2026-09-14 (0002088549-26-000010) · 2026-09-16
  14. Web search result WebSearch: Stanford Bio-X people page, 'Oguzhan Atay - Colella Family Fellow' · 2026-09-24
  15. Web search result WebSearch: The Biotech Startups Podcast, 'Oguzhan Atay - Part 1: From Small-Town Turkey to Biotech Innovator' (and Part 2) · 2026-09-24