DocGo Inc. (DCGO) has entered into a Transition Services and Separation Agreement with its Chief Executive Officer, Lee Bienstock, as disclosed in a Form 8-K filed with the SEC. The agreement, dated November 13, 2026, outlines the terms for Bienstock's departure as the company searches for a new leader. Bienstock’s current employment agreement is set to expire on December 31, 2026.
Under the terms of the agreement, Bienstock will remain as CEO and provide transition assistance from January 1, 2027, through March 31, 2027. If a successor CEO begins employment before March 31, 2027, Bienstock will serve as a senior advisor to the board until that date. As consideration for his continued service, Bienstock is entitled to a monthly salary of $90,000 during the transition period.
The agreement also details significant severance benefits for Bienstock. He is eligible for a severance payment of $785,000, which will be paid in equal installments over 12 months beginning shortly after the end of the transition period. The full severance payment is guaranteed to be made no later than March 15, 2028. Additionally, Bienstock will receive vesting in one-sixth of his outstanding equity awards on each month-end during the transition period and is eligible for an annual bonus related to 2026 performance.
Other benefits include reimbursement for continued medical coverage premiums under COBRA through December 31, 2027, and continued participation in the company’s employee benefit programs.
