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DocGo CEO Lee Bienstock signs transition agreement

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Form Type
8-K

Rhea-AI Filing Summary

DocGo Inc. and Chief Executive Officer Lee Bienstock entered a transition services and separation agreement on November 13, 2026, as his current employment agreement expires December 31, 2026. Bienstock will remain CEO from January 1 through March 31, 2027, or later by mutual agreement, to assist with the transition. If a successor starts before March 31, he will serve as a senior advisor to the board and successor through the Separation Date.

For continued service, he is entitled to a $90,000 monthly salary, vesting of one-sixth of equity awards that otherwise would vest in 2027 on January 31, February 28 and March 31, with month-end vesting during any extension, employee benefits, and a 2026 performance bonus by March 15, 2027. Subject to a general release and the agreement’s terms, the $785,000 severance payment is payable in equal installments over 12 months beginning shortly after the transition period; specified performance targets can trigger lump-sum payments. All severance is due no later than March 15, 2028. He is also eligible for reimbursement of COBRA premiums through December 31, 2027.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Transition salary $90,000 per month For continued service during the Transition Period
Equity awards scheduled to vest one-sixth On January 31, February 28 and March 31, 2027, with month-end vesting during any extension
Severance payment $785,000 Subject to a general release and the agreement’s terms
Severance installment period 12 months Equal installments beginning shortly after the Transition Period
Severance payment deadline March 15, 2028 The full severance payment is due no later than this date
vesting financial
"vesting in one-sixth of his outstanding equity awards"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
COBRA medical
"reimbursement of COBRA continued medical coverage premiums"
COBRA is a U.S. federal law that lets employees and their dependents temporarily keep employer-sponsored health insurance after job loss, reduction in hours, or other qualifying events by paying the premiums themselves. Investors should care because offering COBRA can affect a company’s cash flow, administrative costs and legal disclosures when workforce changes occur—similar to a former club member paying to keep their membership active after leaving the club.
general release and waiver of claims regulatory
"execution of a general release and waiver of claims"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will DCGO CEO Lee Bienstock’s transition end?

Lee Bienstock is scheduled to continue as CEO from January 1 through March 31, 2027, or later if both parties agree. If a successor begins before March 31, he will serve as senior advisor to the board and successor through the Separation Date.

How will DCGO pay Lee Bienstock’s $785,000 severance?

Subject to his execution of a general release and waiver of claims and the agreement’s terms, the $785,000 severance is payable in equal installments over 12 months beginning shortly after the Transition Period. If a specified performance target is met before the period ends, payment is due in a lump sum promptly thereafter; if met between the period’s end and January 2, 2028, the remainder is due in a lump sum within 30 days. The full amount is due no later than March 15, 2028.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________

FORM 8-K
___________________________________

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 13, 2026
___________________________________

DOCGO INC.
(Exact name of registrant as specified in its charter)
___________________________________

Delaware
001-39618
85-2515483
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
685 Third Avenue, 9th Floor, New York, New York
10017
(Address of principal executive offices)
(Zip Code)
(844) 443-6246
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common stock, par value $0.0001 per share
DCGO
The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously announced, DocGo Inc. (the “Company”) is conducting a search for a new Chief Executive Officer as the employment agreement of the Company’s current CEO, Lee Bienstock, expires December 31, 2026.

On November 13, 2026, the Company and Mr. Bienstock entered into a Transition Services and Separation Agreement (the “Transition Agreement”), pursuant to which Mr. Bienstock will continue to serve as the Company’s Chief Executive Officer (“CEO”) and provide assistance in transitioning the role from January 1, 2027 through March 31, 2027, or such later date as may mutually be agreed by the parties (the “Transition Period”). If a successor CEO commences employment prior to March 31, 2027 (the “Separation Date”), Mr. Bienstock will continue to serve as a senior advisor to the board and the successor CEO through the Separation Date.

As consideration for his continued service during the Transition Period and subject to the terms of the Transition Agreement, Mr. Bienstock is entitled to the following: (i) a salary of $90,000 per month, (ii) vesting in one-sixth of his outstanding equity awards that would otherwise vest in 2027 on each of January 31, February 28, and March 31, 2027, and if the Transition Agreement is extended, on each month end thereafter during the extension period, (iii) remaining eligible to participate in the Company’s employee benefit programs, and (iv) in accordance with the severance benefits of his current employment agreement, an annual bonus with respect to 2026 performance no later than March 15, 2027, determined and payable in accordance with the Company’s previously adopted bonus metrics.

Subject to Mr. Bienstock’s execution of a general release and waiver of claims and the terms of the Transition Agreement, and in accordance with the severance benefits of his current employment agreement, Mr. Bienstock is also entitled to the following: a severance payment of $785,000 (the “Severance Payment”) to be paid in equal installments over the 12 months beginning shortly after the end of the Transition Period. However, if a specified performance target is met prior to the termination of the Transition Period, the Company will make the Severance Payment in a lump sum promptly thereafter. If the performance target is met between the end of the Transition Period and January 2, 2028, the remainder of the Severance Payment will then be paid in a lump sum within 30 days; however, in any event, the full Severance Payment will be paid to Mr. Bienstock no later than March 15, 2028. Mr. Bienstock also is eligible for reimbursement of COBRA continued medical coverage premiums through December 31, 2027.

The foregoing description of the Transition Agreement does not purport to be complete and is qualified in its entirety by the full text of the Transition Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
Exhibit No.
Description
10.1
Transition Services and Separation Agreement, dated November 13, 2026, by and between the Company and Lee Bienstock
104
Cover Page Interactive Data File (formatted as Inline XBRL).

1


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


DOCGO INC.
By:
/s/ Ely D. Tendler
Name:
Ely D. Tendler
Title:
General Counsel and Secretary

Date: November 13, 2026


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