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.

Accepted by SEC EDGAR 06/18/2026 - 06:11 AM EDT Learn about SEC filing dates

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.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Moriarty John B

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Holding	Stock Option (right to buy)	--	--	--

Holdings: Stock Option (right to buy) — 248,875 contracts (Direct)

Footnotes (1)

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.

How many shares are covered by John B. Moriarty’s Kardigan (KARD) stock option?

The reported stock option covers 248,875 underlying shares of Kardigan common stock. This represents the number of shares he may acquire upon exercise, subject to vesting over time and his continued service with the company under the stated terms.

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.

Does this Kardigan (KARD) Form 3 show Moriarty buying or selling shares?

No, the Form 3 reports an existing stock option holding, not a trade. The transaction summary shows no buy, sell, acquisition, or disposition shares, indicating this disclosure is about his derivative position rather than market transactions in Kardigan stock.

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

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SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Moriarty John B

(Last) (First) (Middle)

C/O KARDIGAN, INC.

506 CARNEGIE CENTER DRIVE, SUITE 201

(Street)

PRINCETON NEW JERSEY 08540

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2026

3. Issuer Name and Ticker or Trading Symbol
Kardigan, Inc. [ KARD ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	05/11/2036	Common Stock	248,875	$23.9	D

Explanation of Responses:

1. 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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ John B. Moriarty, Jr.	06/18/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)