According to disclosures filed with the Securities and Exchange Commission, Surojit Chatterjee will retain 249,315 shares of Coinbase stock.
Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales.with the Securities and Exchange Commission, Chatterjee will also retain 249,315 shares of Coinbase stock. At the time of publication, Coinbase stock was valued at $54.28 per share, by Google Finance.
Chatterjee joined Coinbase from Google in February 2020 with a salary of just under $1 million per year. In recognition of Chatterjee's contributions to the company, Coinbase and Chatterjee have entered into a separation agreement that includes severance benefits and an advisory deal in which he will provide advisory services from Feb 4, through to Dec 31, 2023.
In the disclosures filed with the Securities and Exchange Commission by Coinbase, Chatterjee will receive “a lump sum payment consistent with our existing Change of Control and Severance Policy, which provides for payments and benefits to executive officers upon certain qualifying terminations.” In addition, Chatterjee will “continue to receive health insurance coverage pursuant to COBRA for a period of ten months following the month of the Separation Date.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cathie Wood: Ark dumps 500K GBTC shares, adds Coinbase stock as Bitcoin recovers 40%Cathie Wood's Ark turned bearish on GBTC but remains bullish on Bitcoin, COIN stock.
Read more »
Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — ReactionGlobal Macro Investor founder Raoul Pal said that it would be difficult to implement a volatile asset as a national currency.
Read more »
Here are Tuesday's biggest analyst calls: Apple, Disney, Target, AMD, Tesla, Coinbase, Amazon & moreHere are Tuesday's biggest calls on Wall Street.
Read more »
Coinbase shares to get cut nearly in half as retail traders shun crypto, Mizuho predictsRetail investors are sitting on the sidelines despite the price of bitcoin climbing almost 40% this month.
Read more »
Coinbase Trading Volume Increases in January While Other Exchanges See Declines: JP MorganTrading volume on Coinbase has picked up in the early weeks of 2023, while other exchanges saw continuing declines, analysts at J.P. Morgan found. HeleneBraunn reports
Read more »