---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-021669"
form_type: "8-K"
ticker: null
cik: "0001839608"
company_name: "Getaround, Inc"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:28:18.738153+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Getaround appoints Eduardo Iniguez as CEO; $6M/$5M EBITDA milestone bonuses and equity grants of ~88M shares

## Summary
- Eduardo Iniguez becomes CEO effective Feb 26, 2024; replaces co-founder Sam Zaid who remains on board.
- Base salary of $650,000; annual bonus target 100% of base with 50% guaranteed minimum for 2024 and 2025.
- Milestone bonuses: $6M if trailing 4-quarter adjusted EBITDA >= $0; $5M if adjusted EBITDA >= $25M.
- Signing bonus of $350,000; equity inducement grants of up to 11.1M shares (10% current diluted) and up to 76.95M shares (10% future diluted upon note conversion).
- Jason Mudrick, Mudrick Capital founder, appointed Chair of the Board.

## SEC filing metadata
- accession: 0000950170-24-021669
- form_type: 8-K
- cik: 0001839608
- company_name: Getaround, Inc
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839608/000095017024021669/0000950170-24-021669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839608/000095017024021669/getr-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-021669
- JSON: https://secwatch.observer/filing/0000950170-24-021669.json
- Plain text: https://secwatch.observer/filing/0000950170-24-021669.txt

## Key facts
- Executive change
  Eduardo Iniguez was appointed as Chief Executive Officer at Getaround, Inc.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On February 28, 2024, Getaround, Inc.. (the “Company”) announced its Board of Directors (the “Board”) appointed Eduardo Iniguez to the position of chief executive officer, effective as of February 26, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000095017024021669/0000950170-24-021669-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.