Kardigan director reports stock option holdings
Kardigan, Inc. director Kimberly J. Popovits filed an initial Form 3 reporting her stock option holdings in the company.
Rhea-AI Filing Summary
Kardigan, Inc. director Kimberly J. Popovits filed an initial Form 3 reporting her stock option holdings in the company. She holds three direct stock option awards over common stock, with exercise prices of $14.71 and $8.00 per share and expirations in 2035–2036. These options cover 33,289, 31,856, and 80,224 underlying shares. Footnotes state that one grant vests in three equal annual installments beginning September 23, 2024, and another vests fully on February 9, 2027, in each case subject to her continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Popovits Kimberly J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 145,369 contracts (Direct)
Footnotes (2)
- F1. The shares subject to this option shall vest and become exercisable in three (3) equal annual installments commencing from September 23, 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 exercise price: $14.71 per share
Option exercise price: $8.00 per share
Underlying shares: 33,289 shares
+5 more
8 metrics
Option exercise price
$14.71 per share
Stock option over 33,289 underlying common shares
Option exercise price
$8.00 per share
Two stock option awards over 31,856 and 80,224 shares
Underlying shares
33,289 shares
Common stock underlying one stock option, direct ownership
Underlying shares
31,856 shares
Common stock underlying second option, direct ownership
Underlying shares
80,224 shares
Common stock underlying third option, direct ownership
Option expiration
March 19, 2035
Expiration date for one $8.00 option grant
Option expiration
April 22, 2035
Expiration date for another $8.00 option grant
Option expiration
February 10, 2036
Expiration date for $14.71 option grant
Key Terms
Stock Option (right to buy), underlying security title, exercise price, vesting, +1 more
5 terms
Stock Option (right to buy) financial
"Security title is listed as "Stock Option (right to buy)" for each entry."
underlying security title financial
"Each derivative record specifies an underlying security title of Common Stock."
exercise price financial
"Derivative summary shows exercise price values of 14.7100 and 8.0000."
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
"Footnotes describe how the shares subject to each 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.
Form 3 regulatory
"The insider filing is identified as Form 3, an initial ownership report."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Kimberly J. Popovits report in her Form 3 for KARD?
She reports initial holdings of three stock option awards in Kardigan, Inc. common stock. These options give her the right to buy a total of 145,369 underlying shares at set exercise prices and future expiration dates, reflecting her equity-based compensation as a director.
What are the exercise prices of Kimberly Popovits’ Kardigan stock options?
She holds one option with a $14.71 per share exercise price and two options at $8.00 per share. These fixed prices define what she would pay per share to exercise the options, regardless of Kardigan’s future market price at exercise.
When do Kimberly Popovits’ Kardigan stock options expire?
Her reported options expire on March 19, 2035, April 22, 2035, and February 10, 2036. These dates mark the last days she can exercise each option; after expiration, the right to purchase the underlying shares lapses.
How do Popovits’ Kardigan options vest over time?
One option grant vests in three equal annual installments starting September 23, 2024, and another vests fully on February 9, 2027. Vesting occurs only if she continues serving the company through each relevant vesting date, aligning incentives with ongoing service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
