Kardigan CLO discloses stock option holdings
Kardigan, Inc. Chief Legal Officer John B. Moriarty reported his initial holdings of a stock option to buy common shares.
Rhea-AI Filing Summary
Kardigan, Inc. Chief Legal Officer John B. Moriarty reported his initial holdings of a stock option to buy common shares. The option covers 248,875 underlying shares at an exercise price of $23.90 per share and expires on May 11, 2036. According to the vesting terms, 25% of the shares vest on April 13, 2027, with the remainder vesting in 36 equal monthly installments, subject to his continued service. This filing does not show any buy or sell transaction, only the existing derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Moriarty John B
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 248,875 contracts (Direct)
Footnotes (1)
- F1. 25% of the shares subject to this option shall vest and become exercisable on April 13, 2027 with the remainder vesting in thirty-six (36) equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.
Key Figures
Option underlying shares: 248,875 shares
Exercise price: $23.90 per share
Option expiration: May 11, 2036
+2 more
5 metrics
Option underlying shares
248,875 shares
Underlying common stock for reported stock option holding
Exercise price
$23.90 per share
Exercise price of stock option (right to buy)
Option expiration
May 11, 2036
Expiration date of stock option position
Initial vesting tranche
25% of option shares
Vests and becomes exercisable on April 13, 2027
Remaining vesting period
36 monthly installments
After April 13, 2027, subject to continued service
Key Terms
Stock Option (right to buy), exercise price, expiration date, vesting, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 23.9000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2036-05-11T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"25% of the shares subject to this option shall vest"
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.
monthly installments financial
"with the remainder vesting in thirty-six (36) equal monthly installments"
Monthly installments are regular, fixed payments made each month to gradually pay off a larger amount, such as a loan or purchase. Think of it like paying for a big item in small, manageable parts instead of all at once. For investors, understanding installment payments helps gauge how debts are structured and how they might affect financial stability or cash flow over time.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kardigan (KARD) disclose in this Form 3 for John B. Moriarty?
Kardigan reported that Chief Legal Officer John B. Moriarty holds a stock option over 248,875 common shares. The option is reported as a derivative holding, not a new purchase or sale, and sets out exercise price, expiration, and vesting schedule details.
What is the exercise price and expiration date of Moriarty’s Kardigan (KARD) option?
The option has an exercise price of $23.90 per share and expires on May 11, 2036. These terms define the price he would pay per share and the final date by which any vested portion of the option must be exercised.
How does the Kardigan (KARD) stock option for John B. Moriarty vest?
The vesting schedule provides that 25% of the option shares vest on April 13, 2027. The remaining 75% then vest in 36 equal monthly installments, with each installment depending on Moriarty’s continued service through the applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
