secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001666071-25-000105
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics CEO Gupta gets 1.2M shares in RSUs/PSUs, enhanced severance
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- CEO Amit Gupta granted 1,000,000 RSUs vesting over 2 years from June 23, 2025 (50% at year 1, remainder quarterly).
- Granted 200,000 PSUs with vesting based on stock price targets over 3 years, none before April 1, 2026.
- If Mr. Gupta resigns before Aug 16, 2025, he must repay pre-tax value of vested RSUs.
- New severance: 18 months salary + medical for non-cause termination; full equity acceleration upon Change in Control.
- Additional $5M equity grant (up to 1.2M shares) to be awarded by May 31, 2026, subject to Board approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000105/0001666071-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000105/cdlx-20250623.htm
  HTML page:      https://secwatch.observer/filing/0001666071-25-000105

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