CDLX · Cardlytics, Inc.

Nick Lynton's resignation as Chief Legal and Privacy Officer of Cardlytics, Inc. was announced on May 10, 2026, with an effective date of July 3, 2026, or earlier if a successor is appointed. The company entered into a Transition Agreement that replaces the prior Amended and Restated Separation Pay Agreement. Under the terms, Lynton will continue to receive his current base salary and benefits through his employment end, and may serve in a non-officer advisory role if a successor is appointed early. Post-employment, subject to compliance and a separate Release Agreement, he will receive a $380,000 lump sum, monthly COBRA premium reimbursement for up to 12 months, and an additional $70,320.21 lump sum expected in Q1 2027. The departure of a key officer, while not unexpected given the transition agreement, introduces leadership uncertainty in legal and privacy functions. The compensation terms are standard for executive separations, with the additional payment likely tied to equity or deferred compensation. Investors should monitor the appointment of a successor and any potential impact on ongoing legal and privacy matters.