---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-032827"
form_type: "8-K/A"
ticker: "PROK"
cik: "0001850270"
company_name: "PROKIDNEY CORP."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:45:17.824410+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ProKidney Corp. finalizes separation agreement with former COO Deepak Jain including $495K severance

## Summary
- Severance pay of $495,000 (12 months base salary) plus eligibility for 2023 bonus up to 45% of base salary.
- Company will pay 100% of COBRA/Medicare premiums through November 30, 2024.
- Legal fee reimbursement up to $20,000 for negotiation of separation agreement.
- Vested stock options exercisable for 90 days after effective date; all unvested awards forfeited.
- Vested Class B shares: 783,969 convertible to Class A; 406,087 remain under lockup until July 11, 2026 or regulatory event.

## SEC filing metadata
- accession: 0000950170-24-032827
- form_type: 8-K/A
- ticker: PROK
- cik: 0001850270
- company_name: PROKIDNEY CORP.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850270/000095017024032827/0000950170-24-032827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850270/000095017024032827/prok-20231128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-032827
- JSON: https://secwatch.observer/filing/0000950170-24-032827.json
- Plain text: https://secwatch.observer/filing/0000950170-24-032827.txt

## Key facts
- Executive change
  Deepak Jain resigned as Chief Operating Officer at PROKIDNEY CORP..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: On March 13, 2024 (the “Effective Date”), the Company entered into a Separation Agreement (the “Separation Agreement”) with Dr. Jain.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850270/000095017024032827/0000950170-24-032827-index.htm

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