[Form 4] Ares Acquisition Corp II Insider Trading Activity

Q: What equity awards did Mohamed Elshenawy receive according to the Form 4?

The Form 4 reports receipt of 183,095 stock options (exercise price $8.8769 ) and 183,095 restricted stock units (RSUs) on 09/24/2025 .

Q: What are the vesting conditions for the options and RSUs reported?

Options vest one‑third on 07/15/2026 and then 1/36th each month thereafter subject to continued service. RSUs vest on the same service schedule and have additional performance vesting tied to share price thresholds.

Q: What is the issuer and ticker listed on the Form 4?

The Form 4 lists the issuer as Kodiak AI, Inc. with ticker KDK .

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Mohamed Elshenawy, a director of Kodiak AI, Inc. (KDK), acquired equity awards tied to the company's recent business combination closing. The Form 4 reports that on 09/24/2025 Mr. Elshenawy received a stock option covering 183,095 shares with an exercise price of $8.8769 and an identical number of restricted stock units (RSUs) covering 183,095 shares. One-third of the option shares vest on July 15, 2026, with the remainder vesting monthly thereafter, contingent on continued service. The RSUs are subject to the same service-based vesting schedule and also carry performance-based vesting conditions tied to the issuer's share price reaching $18.00, $23.00 and $28.00 for specified trading-day tests prior to September 24, 2029 (or a change of control). The awards were issued in connection with the closing of the Business Combination described in the footnotes, under which Legacy Kodiak equity and options were exchanged into Issuer securities based on a conversion ratio.

Positive

Business Combination closed and Legacy Kodiak equity and options were converted into Issuer securities per the agreement
Reporting person received 183,095 stock options with a stated exercise price of $8.8769
Reporting person received 183,095 RSUs with explicit service‑based vesting and additional performance vesting thresholds of $18.00, $23.00 and $28.00

Vesting schedule disclosed: one‑third vests on July 15, 2026, then monthly thereafter, conditional on continued service

Negative

None.

Insights

TL;DR: Director received time- and performance‑vested equity awards tied to the closing of the business combination.
The filing documents equity grants to a director following the merger that converted Legacy Kodiak equity into Issuer securities. The structure—one‑third cliff then monthly vesting for service, plus performance hurdles for RSU vesting—aligns long‑term incentives with stock performance and service continuity. These awards are customary post‑merger retention and alignment tools and are transparent in vesting mechanics and conversion adjustments.

TL;DR: Material number of shares (183,095 options and RSUs) were reported, with explicit exercise price and performance triggers.
This Form 4 quantifies the awards and specifies the adjusted exercise price of $8.8769 for the options. The disclosure clarifies conversion mechanics from Legacy Kodiak securities to Issuer securities under the Business Combination Agreement and provides precise vesting and performance conditions, enabling clear modeling of potential future dilution timing if awards vest and are exercised.

Mohamed Elshenawy, direttore di Kodiak AI, Inc. (KDK), ha ricevuto premi azionari legati al closing recente della fusione dell’azienda. Il Form 4 riporta che il 24/09/2025 il signor Elshenawy ha ricevuto un’opzione su azioni per 183.095 azioni con un prezzo di esercizio di $8.8769 e un numero identico di unità azionarie ristrette (RSU) per 183.095 azioni. Un terzo delle azioni dell’opzione vanno in vesting il 15 luglio 2026, con il resto che vesta mensilmente successivamente, soggetto a continuare a fornire servizi. Le RSU sono soggette al medesimo piano di vesting basato sul servizio e contengono anche condizioni di vesting basate sulle performance legate al prezzo delle azioni dell’emittente che raggiunga $18.00, $23.00 e $28.00 in determinati test di giorno di negoziazione entro il 24 settembre 2029 (oppure in caso di cambio di controllo). I premi sono stati emessi in relazione al closing della Business Combination descritto nelle note, tramite il quale le azioni e le opzioni Legacy Kodiak sono state scambiate con titoli dell’emittente secondo un rapporto di conversione.

Mohamed Elshenawy, director de Kodiak AI, Inc. (KDK), obtuvo recompensas de acciones vinculadas al cierre de la reciente operación de fusión de la compañía. El Formulario 4 señala que el 24/09/2025 el señor Elshenawy recibió una opción sobre acciones de 183,095 acciones con un precio de ejercicio de $8.8769 y un número idéntico de unidades de acciones restringidas (RSU) que cubren 183,095 acciones. Un tercio de las acciones de la opción vestirá el 15 de julio de 2026, y el resto vestirá mensualmente a partir de entonces, sujeto a la continuación del servicio. Las RSU están sujetas al mismo calendario de vesting basado en el servicio y también llevan condiciones de vesting basadas en el rendimiento ligadas al precio de las acciones del emisor que alcance $18.00, $23.00 y $28.00 para pruebas de días de negociación especificadas antes del 24 de septiembre de 2029 (o en caso de un cambio de control). Los premios se emitieron en relación con el cierre de la Business Combination descrita en las notas al pie, mediante la cual las acciones y las opciones de Legacy Kodiak se intercambiaron por valores del Emisor con base en una razón de conversión.

모하메드 엘쉐나위(Mohamed Elshenawy), Kodiak AI, Inc.(KDK) 이사의 최근 사업 결합 종료와 관련된 주식 보상을 받았다. Form 4에 따르면 2025년 9월 24일, 엘쉐나위 씨는 183,095주를 커버하는 스톡 옵션과 동일한 수의 제약 주식단위(RSU) 183,095주를 받았다. 옵션 주식의 1/3은 2026년 7월 15일에 취득하며, 나머지는 계속 근무하는 한 매월 vesting된다. RSU 역시 동일한 근무 기반 vesting 일정에 따라 vesting되며, 발행인의 주가가 $18.00, $23.00, $28.00로 도달하는 성과 기반 vesting 조건이 있다. 이는 2029년 9월 24일 또는 지배권 변경 시까지의 특정 거래일 테스트에 따른 것이다. 보상은 주로 FOOTNOTE에 설명된 Business Combination의 종결과 관련해 발행되었으며 Legacy Kodiak의 주식 및 옵션이 전환 비율에 따라 발행사 주식으로 교환되었다.

Mohamed Elshenawy, directeur de Kodiak AI, Inc. (KDK), a reçu des récompenses en actions liées à la clôture de la récente opération de fusion de l’entreprise. Le formulaire 4 indique que le 24/09/2025, M. Elshenawy a reçu une option sur actions couvrant 183 095 actions avec un prix d’exercice de $8,8769 et un nombre identique d’unités d’actions restreintes (RSU) couvrant 183 095 actions. Un tiers des actions de l’option se vest en date du 15 juillet 2026, le reste vestant mensuellement par la suite, sous réserve de la poursuite du service. Les RSU sont soumises au même plan de vesting basé sur le service et comportent également des conditions de vesting liées à la performance, liées au cours de l’action de l’émetteur atteignant $18.00, $23.00 et $28.00 pour certains tests de jour de négociation avant le 24 septembre 2029 (ou en cas de changement de contrôle). Les récompenses ont été émises dans le cadre de la clôture de la Business Combination décrite en notes complémentaires, selon laquelle les actions et options Legacy Kodiak ont été échangées contre des titres de l’émetteur selon un ratio de conversion.

Mohamed Elshenawy, Direktor von Kodiak AI, Inc. (KDK), erhielt Eigenkapital-Boni im Zusammenhang mit dem Abschluss der jüngsten Geschäftszusammenführung. Das Formular 4 besagt, dass Herr Elshenawy am 24.09.2025 eine Aktienoption über 183.095 Aktien mit einem Ausübungspreis von $8.8769 und identische 183.095 RSUs erhalten hat. Ein Drittel der Optionsaktien vestet am 15.07.2026, der Rest vestet monatlich danach, vorbehaltlich der weiteren Dienstzeit. Die RSUs unterliegen demselben dienstbasierten Vesting-Zeitplan und tragen zudem leistungsbasierte Vesting-Bedingungen, die mit dem Aktienkurs des Emittenten bei Erreichen von $18.00, $23.00 und $28.00 für festgelegte Handelstages-Tests bis zum 24.09.2029 (oder bei Kontrolle) verbunden sind. Die Zuwendungen wurden im Zusammenhang mit dem Closing der in den Fußnoten beschriebenen Business Combination ausgegeben, durch das Legacy Kodiak-Aktien und Optionen gegen Emittenten-Wertpapiere nach einem Umtauschverhältnis getauscht wurden.

09/24/2025 - 09:51 PM

SEC Form 4

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number: 3235-0287

Estimated average burden

hours per response: 0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*
Elshenawy Mohamed

(Last) (First) (Middle)

C/O KODIAK AI, INC.

1049 TERRA BELLA AVENUE

(Street)
MOUNTAIN VIEW CA 94043

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Kodiak Al, Inc. [ KDK ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X Director 10% Owner

Officer (give title below) Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)

X Form filed by One Reporting Person

Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Stock Option (Right to buy) $8.8769 09/24/2025 A⁽¹⁾ 183,095 ⁽²⁾ 08/04/2035 Common Stock 183,095 ⁽³⁾ 183,095 D

Restricted Stock Units ⁽⁴⁾ 09/24/2025 A 183,095 ⁽⁵⁾ ⁽⁵⁾ Common Stock 183,095 $0 183,095 D

Explanation of Responses:

1. Consists of securities acquired in connection with the transactions consummated on September 24, 2025 pursuant to that certain Business Combination Agreement, dated April 14, 2025 (the "Business Combination Agreement"), by and among Kodiak AI, Inc. (f/k/a Ares Acquisition Corporation II) (the "Issuer"), AAC II Merger Sub, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub"), and Kodiak Robotics, Inc. ("Legacy Kodiak"), pursuant to which Merger Sub merged with and into Legacy Kodiak, with Legacy Kodiak as the surviving company and continuing as a wholly owned subsidiary of the Issuer (the "Business Combination").

2. 1/3rd of the shares subject to the option vest on July 15, 2026 and 1/36th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.

3. In connection with the closing of the Business Combination, each share of Legacy Kodiak common stock ("Legacy Kodiak Common Stock"), issued and outstanding immediately prior to the effective time of the merger was, pursuant to the Business Combination Agreement, canceled and converted into the right to receive a number of shares of Common Stock of the Issuer (the ratio of such conversion, the "Common Stock Exchange Ratio"). Each outstanding option to purchase shares of Legacy Kodiak Common Stock, whether vested or unvested, was exchanged for a comparable option to purchase that number of shares of Common Stock of the Issuer based on the Common Stock Exchange Ratio. The exercise price for each such option was also accordingly adjusted based on the Common Stock Exchange Ratio.

4. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock.

5. The RSUs are subject to both (1) a performance-based vesting condition which will be satisfied as to 1/3rd of the RSUs if the Issuer's Common Stock achieves a price per share, for any period of 20 trading days out of 30 consecutive trading days occurring prior to the earlier of (i) September 24, 2029, or (ii) a change of control, that equals or exceeds the following thresholds, respectively: $18.00, $23.00 and $28.00 and (2) a service-based vesting condition, satisfied on substantially the same terms as the option vesting schedule described in footnote (2) above.

/s/ Bobby Brown, by power of attorney 09/24/2025

** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Mohamed Elshenawy receive according to the Form 4?

The Form 4 reports receipt of 183,095 stock options (exercise price $8.8769) and 183,095 restricted stock units (RSUs) on 09/24/2025.

What are the vesting conditions for the options and RSUs reported?

Options vest one‑third on 07/15/2026 and then 1/36th each month thereafter subject to continued service. RSUs vest on the same service schedule and have additional performance vesting tied to share price thresholds.

What performance thresholds apply to the RSUs?

RSU performance vesting is satisfied as to one‑third of the awards if the issuer's common stock reaches $18.00, $23.00 and $28.00 for 20 trading days out of any 30 consecutive trading days prior to the earlier of 09/24/2029 or a change of control.

Why were these awards issued to the reporting person?

The awards were issued in connection with the closing of the Business Combination in which Legacy Kodiak merged into the Issuer and outstanding Legacy Kodiak equity and options were converted into Issuer securities per the Business Combination Agreement.

What is the issuer and ticker listed on the Form 4?

The Form 4 lists the issuer as Kodiak AI, Inc. with ticker KDK.

[Form 4] Ares Acquisition Corp II Insider Trading Activity

Insights

FAQ

What equity awards did Mohamed Elshenawy receive according to the Form 4?

What are the vesting conditions for the options and RSUs reported?

What performance thresholds apply to the RSUs?

Why were these awards issued to the reporting person?

What is the issuer and ticker listed on the Form 4?

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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to buy)	$8.8769	09/24/2025		A⁽¹⁾		183,095		⁽²⁾	08/04/2035	Common Stock	183,095	⁽³⁾	183,095	D
Restricted Stock Units	⁽⁴⁾	09/24/2025		A		183,095		⁽⁵⁾	⁽⁵⁾	Common Stock	183,095	$0	183,095	D

	/s/ Bobby Brown, by power of attorney	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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[Form 4] Ares Acquisition Corp II Insider Trading Activity

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FAQ

What equity awards did Mohamed Elshenawy receive according to the Form 4?

What are the vesting conditions for the options and RSUs reported?

What performance thresholds apply to the RSUs?

Why were these awards issued to the reporting person?

What is the issuer and ticker listed on the Form 4?

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AACT Rankings

AACT Latest News

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