Cardlytics settles Amit Jain indemnification claim for $6.44M; assigns insurance actions to company

Cardlytics, Inc.

Settlement: Cardlytics pays $6,441,649.40 to Amit Jain, matching $6.5M accrual recorded in Q2 2026.
Payment covers Jain's $5.25M portion of DailyGobble settlement, $51,663.60 borrowing costs, and $1,139,985.80 Michelman legal fees.
Jain assigns Scottsdale Insurance actions to Cardlytics, retaining only implied covenant claims which he dismisses.
Delaware Chancery action dismissed with prejudice; Cardlytics pursues insurance reimbursement.

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