You are currently viewing Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company

Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on Feb. 3 after reportedly making an estimated $105 million in stock sales. 

According to disclosures filed 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, so those shares are worth $13.5 million.

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 a deal for him to provide advisory services from Feb. 4 through to Dec. 31.

According to disclosures that Coinbase filed with the Securities and Exchange Commission, Chatterjee will receive “a lump sum payment consistent with our existing Change of Control and Severance Policy, which provides for

Keep reading this article on Cointelegraph.com.

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