Company: CDLX
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001666071-25-000046
Chunk: 51

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 51
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 six-month anniversary of the Start Date, 25% of the 2024 RSUs vesting on the 12-month anniversary of the Start Date, 25% of the 2024 RSUs vesting on the 18-month anniversary of the Start Date, and 25% of the 2024 RSUs vesting on the 24-month anniversary of the Start Date, subject in each case to Mr. Gupta's continued service through the vesting date.

◦ An RSU award for 500,000 shares (the "2025 RSUs"), which 2025 RSUs will vest over a period of 24 months, with 25% of the 2025 RSUs vesting on the six-month anniversary of the Start Date, 25% of the 2025 RSUs vesting on the twelve-month anniversary of the Start Date, 25% of the 2025 RSUs vesting on the eighteen-month anniversary of the Start Date, and 25% of the 2025 RSUs vesting on the twenty-four-month anniversary of the Start Date.

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◦ Subject to approval by the Board of Directors or the Compensation Committee on or before May 31, 2025, an additional equity award with a value of $5,000,000, with at least 80% of the grant consisting of RSUs and the remainder consisting of PSUs, but in no case representing more than 1,000,000 shares, under our equity incentive plan (the “Second 2025 Equity Award”). The relevant terms of the Second 2025 Equity Award will be determined by the Board of Directors or the Compensation Committee at the time of grant, subject to Mr. Gupta’s continued service through the vesting date.

◦ If Mr. Gupta terminates his employment with the Company for any reason within the twelve-month anniversary of the Effective Date, Mr. Gupta will be required to repay the Company an amount in cash that is equal to the pre-tax value upon vesting of any shares of common stock received from the 2024 RSUs, the 2025 RSUs and the Second 2025 Equity Award.

If Mr. Gupta's employment with us is terminated without "cause" or he resigns for "good reason" (as each such term as defined in the severance agreement entered into between the Company and Mr. Gupta (the "Gupta Severance Agreement"), he will be entitled to receive cash severance and continued medical benefits