Richtech Robotics Grants Severance, Bonus, and Stock to Departing President Matthew Casella

Richtech Robotics Inc. Class B +1.98%

Richtech Robotics Inc. Class B

RR

2.06

+1.98%

Richtech Robotics Inc. has announced a new separation agreement with its former President, Matthew Casella, following his resignation effective December 2, 2025. Under the terms of the agreement, Mr. Casella will receive a severance payment of $32,019.23 for earned personal time off and accrued unpaid salary, a performance bonus of $35,000, and 60,000 restricted shares of Class B common stock. Additionally, Casella will serve as a consultant to the company for twelve months, for which he will be granted 50,000 restricted shares of Class B common stock, to be issued in four equal quarterly installments through December 2026. The agreement also includes a mutual release of claims and waives any non-competition restrictions previously in place.

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