Matternet, Inc.: CFO departure, separation pay $156,146

What happened Matternet, Inc filed a Current Report on Form 8-K reporting that Jason Secore, its chief financial officer, ended his employment with the company on Sep 29, 2026. The filing says that on Jun 15, 2026 Matternet and Mr. Secore had mutually agreed to begin a transition with respect to his responsibilities, and that on Sep 28, 2026 Matternet filed a Current Report disclosing that his employment would end Sep 29, 2026 and that the company had commenced a search for his successor. The filing also says that on Oct 1, 2026 Matternet entered into a separation agreement with Mr. Secore.

Key details

• Cash separation payment of $156,146 under the separation agreement dated Oct 1, 2026.
• The separation agreement extends the post-termination exercise period of Mr. Secore's equity awards until the 18-month anniversary of the date the company's common stock is first listed on any market tier of The Nasdaq Stock Market LLC, the New York Stock Exchange or NYSE American.
• Mr. Secore agreed to be available for periodic consultations with the CEO during the post-termination period.
• The filing states Mr. Secore's departure was not related to any disagreement with Matternet regarding its operations, policies or practices.

Why it may matter This filing reports an Item 5.02 event: the departure of a certain officer and the related separation agreement. Item 5.02 covers departures of directors or certain officers and any related agreements. A filing does not show why the insider traded or why the company acted.