Cory Gossard
About Cory Gossard
Cory Gossard is Chief Compliance Officer (CCO) of Destiny Tech100 Inc. (DXYZ), serving since April 2022; he is 52 years old and concurrently a Managing Director at PINE Advisor Solutions, the firm to which DXYZ outsources its CCO function . He previously served as Chief Compliance Officer for SS&C ALPS and as Fund CCO for the SPDR S&P 500 ETF Trust, SPDR DJIA ETF Trust, and SPDR S&P MidCap 400 ETF Trust (aggregate AUM >$350B); prior to that he had an 18‑year tenure at Citibank across multiple roles, reflecting broad compliance leadership experience . Gossard holds a degree from Heidelberg University, a FINRA Series 7, and ACAMS certification . Company policy prohibits officers from hedging, shorting, or pledging DXYZ securities, a governance safeguard for alignment; DXYZ reports no Item 401(f) legal proceedings for any directors or officers over the past 10 years .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| PINE Advisor Solutions | Managing Director | 2021–present | Provides outsourced CCO services and adviser/fund compliance support; DXYZ’s CCO function is delivered through PINE . |
| SS&C ALPS | Chief Compliance Officer | Not disclosed | Led firm compliance, AML, risk management, portfolio compliance, internal audit, vendor oversight, and outsourced CCO services . |
| SPDR S&P 500 ETF Trust; SPDR DJIA ETF Trust; SPDR S&P MidCap 400 ETF Trust | Fund CCO | Not disclosed | Served as fund CCO across flagship ETFs with aggregate AUM >$350B, indicating large‑scale oversight experience . |
| Citibank | Various compliance roles | 18 years | Multi‑role progression over 18 years, building versatile compliance expertise in global financial services . |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| PINE Advisor Solutions (PINE Advisers LLC) | Managing Director | 2021–present | Third‑party provider to DXYZ; PINE receives a monthly fee and reimbursements for CCO/CFO outsourced functions . |
Fixed Compensation
DXYZ has no employees and outsources officer functions to PINE; officers who are also employees of the Adviser (including the CCO) do not receive direct compensation from DXYZ. The company pays PINE a monthly fee and reimburses out‑of‑pocket expenses. For FY2024, no officer received aggregate compensation from DXYZ in excess of $60,000.
| Component | Disclosure |
|---|---|
| Employment status | Officers are employees of the Adviser/administrator; DXYZ has no employees . |
| Company‑paid cash compensation | Officers who are also employees of the Adviser will not receive direct compensation from DXYZ . |
| Payments to PINE | PINE receives a monthly fee for services; DXYZ reimburses PINE for out‑of‑pocket expenses . |
| FY2024 officer compensation from DXYZ | None of the officers received aggregate compensation from DXYZ in excess of $60,000 . |
| Director incentive plan context | DXYZ does not maintain a stock or option plan, non‑equity incentive plan, or pension plan for its directors (context for overall equity usage environment) . |
Performance Compensation
| Incentive element | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Company non‑equity incentive plan for officers | Not disclosed; officer functions are outsourced; compensation set/paid by PINE | — | — | — | — | — |
| Officer equity awards (RSUs/PSUs/options) | No officer equity awards are disclosed in the proxy; the filing focuses on outsourced arrangements and does not describe officer equity compensation plans | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Value | As‑of |
|---|---|---|
| Shares beneficially owned (Cory Gossard) | 0 | October 13, 2025 |
| % of shares outstanding | 0.0% (out of 14,427,988 shares outstanding) | October 13, 2025 |
| Vested vs. unvested shares | Not disclosed | — |
| Options (exercisable/unexercisable) | Not disclosed | — |
| Hedging/shorting policy | Prohibited for officers (no puts/calls or short‑selling) | Policy in effect as of 2025 proxy |
| Pledging policy | Prohibited for officers (no pledging in margin or as collateral) | Policy in effect as of 2025 proxy |
| Ownership guidelines | Not disclosed | — |
Employment Terms
| Term | Detail |
|---|---|
| Position | Chief Compliance Officer |
| Officer since | April 2022 |
| Employment arrangement | Outsourced through PINE; PINE receives a monthly fee; DXYZ reimburses PINE for expenses |
| Term of office | Officers serve until successors are elected and qualified, or earlier resignation/removal |
| Severance / change‑of‑control | Not disclosed in proxy filings reviewed |
| Clawback | Not disclosed for compensation; company/adviser code of ethics governs personal securities transactions |
| Non‑compete / non‑solicit / garden leave | Not disclosed |
| Legal proceedings | No Item 401(f) legal proceedings in past 10 years against any directors or officers, and none pending |
Investment Implications
- Alignment and ownership: With 0 beneficially owned shares and no officer equity awards disclosed, direct stock‑based alignment appears limited for the CCO; however, hedging and pledging are expressly prohibited, reducing misalignment risk from derivatives or encumbrances .
- Compensation structure: The CCO’s compensation is paid by PINE under an outsourced services model; DXYZ reported no officer receiving >$60,000 from the company in FY2024, implying low direct company cash outlays and minimal pay‑for‑performance levers at the issuer level for this role .
- Retention/continuity: Retention risk is tied more to the PINE services agreement than to company‑level employment contracts; changes to the outsourced arrangement (fees, scope, provider continuity) would be the key watch item rather than severance or CoC provisions (not disclosed) .
- Trading‑signal relevance: Absence of disclosed equity awards and zero beneficial ownership imply negligible vest‑related selling overhang or option‑driven exercise windows for the CCO; monitor future proxies or 8‑K 5.02 events for any shift toward equity‑based pay or role changes .
- Governance oversight: Compensation Committee oversight of officer compensation/reimbursements and a strict insider trading/pledging policy are positive governance markers; the committee met once in 2024 and includes independent directors with the chair role delineated, suggesting formal but light meeting cadence .