Kardigan director discloses stock option holdings
Kardigan, Inc. director Giordano Douglas E. reported existing stock option holdings in his initial ownership filing.
Accepted by SEC EDGAR
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Form Type
3
Rhea-AI Filing Summary
Kardigan, Inc. director Giordano Douglas E. reported existing stock option holdings in his initial ownership filing. He holds options over 33,289 shares of common stock at an exercise price of $14.71 per share and 80,224 shares at $8.00 per share. These options vest over time, including three equal annual installments starting on June 6, 2024, and a separate grant that vests on February 9, 2027, and expire in 2035 and 2036 if not exercised.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Giordano Douglas E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Stock Option (right to buy) | -- | -- | -- |
| Holding | Stock Option (right to buy) | -- | -- | -- |
Holdings:
Stock Option (right to buy) — 113,513 contracts (Direct)
Footnotes (2)
- F1. The shares subject to this option shall vest and become exercisable in three (3) equal annual installments commencing from June 6, 2024, subject to the Reporting Person's continued service on each such vesting date.
- F2. The shares subject to this option shall vest and become exercisable on February 9, 2027, subject to the Reporting Person's continued service on such vesting date.
Key Figures
Option underlying shares: 33,289 shares
Option exercise price: $14.71/share
Second option underlying shares: 80,224 shares
+3 more
6 metrics
Option underlying shares
33,289 shares
Underlying common stock for option at $14.71 exercise price
Option exercise price
$14.71/share
Stock option (right to buy) held directly
Second option underlying shares
80,224 shares
Underlying common stock for option at $8.00 exercise price
Second option exercise price
$8.00/share
Stock option (right to buy) held directly
Option expiration
March 19, 2035
Expiration date of $8.00 exercise price option
Option expiration
February 10, 2036
Expiration date of $14.71 exercise price option
Key Terms
Stock Option (right to buy), Common Stock, exercise price, vesting
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy) linked to common stock"
Common Stock financial
"underlying_security_title: Common Stock for each option grant"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
exercise price financial
"conversion_or_exercise_price values of 14.7100 and 8.0000 per share"
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.
vesting financial
"shares subject to this option shall vest and become exercisable"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kardigan (KARD) director Giordano Douglas disclose in this Form 3?
Giordano Douglas disclosed his existing stock option holdings in Kardigan. The filing lists options over 33,289 shares at $14.71 and 80,224 shares at $8.00, providing a baseline view of his derivative ownership as a company director.
What are the exercise prices of Giordano Douglas’s Kardigan (KARD) stock options?
The disclosed exercise prices are $14.71 and $8.00 per share. Each price applies to a separate option grant, determining the cost to acquire Kardigan common stock if Douglas chooses to exercise these options before they expire.
When do Giordano Douglas’s Kardigan (KARD) stock options vest?
His options vest over multiple future dates tied to continued service. One grant vests in three equal annual installments starting June 6, 2024, while another grant vests on February 9, 2027, provided he remains in service through each vesting date.
When do the Kardigan (KARD) stock options held by Giordano Douglas expire?
The disclosed option grants expire in 2035 and 2036 if unexercised. One grant carries an expiration date of March 19, 2035, and the other February 10, 2036, defining the last dates on which he may exercise each option.
AI-generated analysis. How Rhea-AI works. Not financial advice.
