Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 1, 2020, Green Dot Corporation (the "Company") announced that Kuan Archer, its Chief Technology Officer, is leaving the Company, effective July 8, 2020. In connection with his departure, Mr. Archer will enter into a separation and release agreement with the Company on his last day of employment, pursuant to which he will receive $252,890 in severance benefits, which represents six months of his current base salary and seven months of COBRA premiums.

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