secwatch.observer — SEC 8-K summary
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Issuer:     Matternet, Inc. (MTTN)
CIK:        0002075109
Form:       8-K
Filed at:   2026-10-07T20:05:13+00:00
Accession:  0001213900-26-107571
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Matternet CFO Jason Secore exits; separation deal pays $156,146, extends option exercise 18 months post-IPO
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- CFO Jason Secore's last day was September 29, 2026; separation agreement signed October 1, 2026 pays $156,146 lump sum within 10 days of effective date.
- Vesting ceased on Separation Date: 500,526 vested shares under option ES-238 and 102,922 under ES-291; unvested portions cancelled.
- Exercise period for vested options extended to 18-month anniversary of Matternet's first Nasdaq/NYSE/NYSE American listing; Secore must be available for CEO consultations during that period.
- Departure not due to any disagreement with Matternet on operations, policies, or practices; CEO Andreas Raptopoulos signed the 8-K as CEO and CFO.
- Company will directly pay COBRA premiums through October 31, 2026 if Secore timely elects continued coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2075109/000121390026107571/0001213900-26-107571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2075109/000121390026107571/ea0307872-8k_matternet.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-107571

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