Kardigan (KARD) grants director Douglas Giordano 20,706 RSUs
Rhea-AI Filing Summary
Kardigan, Inc. director Douglas E. Giordano received an equity grant of 20,706 shares of Common Stock in the form of restricted stock units. The award was granted at no cash cost to him and represents his entire reported direct holding of 20,706 shares after the transaction.
Each RSU converts into one share of Common Stock upon settlement and is scheduled to vest in full on June 17, 2028, if he remains in continuous service through that date. This filing reflects a routine compensation-related grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,706 shares
Net Buy
1 txn
Insider
Giordano Douglas E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,706 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 20,706 shares (Direct)
Footnotes (1)
- F1. Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest in full on June 17, 2028, subject to the Reporting Person's continuous service as of the applicable vesting date.
Key Figures
RSUs granted: 20,706 shares
Price per share: $0.00 per share
Holdings after transaction: 20,706 shares
+1 more
4 metrics
RSUs granted
20,706 shares
Restricted stock unit award to director on June 17, 2026
Price per share
$0.00 per share
Reported grant price for RSU award
Holdings after transaction
20,706 shares
Total direct Common Stock position following the grant
Vesting date
June 17, 2028
RSUs vest in full on this date if service continues
Key Terms
restricted stock unit ("RSU"), vest in full, continuous service
3 terms
restricted stock unit ("RSU") financial
"Each share is represented by a restricted stock unit ("RSU")."
vest in full financial
"The RSUs vest in full on June 17, 2028, subject to the Reporting Person's continuous service"
continuous service financial
"subject to the Reporting Person's continuous service as of the applicable vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Kardigan (KARD) director Douglas Giordano report in this Form 4?
Douglas Giordano reported receiving 20,706 restricted stock units (RSUs) of Kardigan Common Stock. The grant was recorded at no cash cost and represents compensation, not an open‑market trade, increasing his reported direct holdings to 20,706 shares subject to vesting conditions.
How many Kardigan (KARD) RSUs were granted to director Douglas Giordano?
Douglas Giordano was granted 20,706 RSUs tied to Kardigan Common Stock. Each restricted stock unit represents the right to receive one share upon settlement, so the award corresponds to 20,706 underlying shares if all vesting conditions are satisfied.
When do Douglas Giordano’s Kardigan (KARD) RSUs vest?
The 20,706 Kardigan RSUs granted to Douglas Giordano vest in full on June 17, 2028. Vesting is contingent on his continuous service with the company through that date, after which each vested RSU can settle into one share of Common Stock.
Is Douglas Giordano’s Kardigan (KARD) Form 4 a market purchase or sale?
No, the Form 4 shows a compensation-related RSU grant, not a market trade. The transaction code is “A” for an award, with a price of $0.00 per share, indicating an equity grant rather than buying or selling shares on the open market.