secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2026-09-11T13:01:30+00:00
Accession:  0001628280-26-061459
Event type: litigation
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000162828026061459/0001628280-26-061459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000162828026061459/cdlx-20260904.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-061459

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer