Nakamoto Inc. CEO Resigns; Separation Payment ~$911K

What Happened Nakamoto Inc. announced that Tim Pickett resigned from all positions with the Company and its affiliates effective August 3, 2026, including his roles as a director of the Company, Chief Medical Officer of Nakamoto, and CEO of Kindly LLC. The company and Mr. Pickett executed a Separation Agreement and Release on August 3, 2026; the agreement becomes effective after a 21‑day consideration period and a 7‑day revocation window, provided Mr. Pickett does not revoke it.

Key Details

• Separation payment: gross $911,468.58, subject to tax withholdings, payable in a single installment after the Separation Agreement Effective Date (and one scheduled pay cycle plus one week timing details).
• Equity: the Company agreed to accelerate all unvested portions of Mr. Pickett’s outstanding equity awards under the 2022 and 2025 Equity Incentive Plans.
• Insurance and liability: Mr. Pickett will be covered under the Company’s D&O liability insurance for six years and will receive medical professional liability coverage for four years after the Separation Agreement Effective Date.
• Other terms: the parties exchanged mutual releases (with customary exceptions), confidentiality and reciprocal non‑disparagement/cooperation obligations remain; Mr. Pickett is released from post‑termination non‑compete and non‑solicit covenants effective as of the Separation Agreement Effective Date. His indemnification rights (including under a May 4, 2026 Indemnification Agreement) and D&O insurance claims are preserved. Except for the Separation Agreement benefits, his compensation and benefits ceased as of his last day.

Why It Matters This filing notifies investors of an immediate leadership change at Nakamoto and quantifies the near‑term cash obligation (~$911K gross) tied to the separation. The accelerated vesting of unvested equity awards is a material compensation action that may affect the Company’s share‑based compensation accounting and outstanding share interests. The extended D&O and professional liability coverage and preserved indemnification reduce Mr. Pickett’s personal risk and clarify the post‑employment relationship. Investors should watch for any further disclosures regarding interim leadership, succession plans, or impacts on operations.