Kardigan holder buys 3.13M shares at $16
Kardigan, Inc. reported a large insider purchase by an affiliated investment fund.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Kardigan, Inc. reported a large insider purchase by an affiliated investment fund. On June 22, 2026, HRTG PV, L.P., a ten percent owner, made an open‑market purchase of 3,125,000 shares of common stock at $16.00 per share, held indirectly. After this trade, HRTG PV, L.P. held 14,866,868 shares, and HRTG CIF 2024, L.P. held 2,050,166 shares. HRTG GPE, LLC is general partner of both funds, and its managing members Keith Johnson and Kevin Kelly disclaim beneficial ownership beyond any pecuniary interest.
Insider Trade Summary
Net Buyer: 3,125,000 shares
Net Buy
2 txns
Insider
HRTG GPE, LLC, HRTG PV, L.P., HRTG CIF 2024, L.P., Kelly Kevin Anthony, Johnson Keith Bryon
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
3,125,000 shs ($50.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,125,000 | $16.00 | $50.00M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,866,868 shares (Indirect, HRTG PV, L.P.);
Common Stock — 2,050,166 shares (Indirect, HRTG CIF 2024, L.P.)
Footnotes (1)
- F1. HRTG GPE, LLC ("HRTG") is the general partner of each of HRTG PV, L.P. and HRTG CIF 2024, L.P. Keith Johnson and Kevin Kelly each serve as a Managing Member of HRTG. Each of HRTG, Mr. Johnson and Mr. Kelly disclaims beneficial ownership of the securities held directly by HRTG PV, L.P. and HRTG CIF 2024, L.P., except to the extent of such person's pecuniary interest therein, if any.
Key Figures
Shares purchased: 3,125,000 shares
Purchase price: $16.00 per share
Post-trade holdings (HRTG PV, L.P.): 14,866,868 shares
+2 more
5 metrics
Shares purchased
3,125,000 shares
Open-market purchase of common stock on June 22, 2026
Purchase price
$16.00 per share
Price paid by HRTG PV, L.P. for Kardigan common stock
Post-trade holdings (HRTG PV, L.P.)
14,866,868 shares
Indirect ownership after June 22, 2026 purchase
Holdings (HRTG CIF 2024, L.P.)
2,050,166 shares
Indirect holding entry as of June 22, 2026
Net buy direction
3,125,000 net-buy shares
Transaction summary shows net-buy activity in Form 4
Key Terms
open-market purchase, ten percent owner, beneficial ownership, general partner, +1 more
5 terms
open-market purchase financial
"made an open‑market purchase of 3,125,000 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner regulatory
"HRTG PV, L.P., a ten percent owner, made an open‑market purchase"
beneficial ownership regulatory
"disclaims beneficial ownership of the securities held directly"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
general partner financial
"HRTG GPE, LLC is the general partner of each of HRTG PV, L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
pecuniary interest financial
"except to the extent of such person's pecuniary interest therein, if any"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Kardigan (KARD) report on June 22, 2026?
Kardigan reported an open-market purchase of 3,125,000 common shares at $16.00 per share by HRTG PV, L.P. The position is held indirectly and reflects activity by a ten percent owner associated with investment entities.
Who is HRTG PV, L.P. in relation to Kardigan (KARD)?
HRTG PV, L.P. is a ten percent owner of Kardigan’s common stock and reported buying 3,125,000 shares at $16.00. Its holdings are managed through HRTG GPE, LLC as general partner, with indirect ownership reported in the Form 4 filing.
What are the Kardigan (KARD) holdings of HRTG CIF 2024, L.P.?
HRTG CIF 2024, L.P. is another ten percent owner entity and holds 2,050,166 Kardigan common shares indirectly. This position is disclosed as a holding entry in the Form 4, separate from the large open-market purchase by HRTG PV, L.P.
Was the Kardigan (KARD) insider transaction a purchase or sale?
The transaction was a purchase. HRTG PV, L.P. executed an open-market buy of 3,125,000 Kardigan common shares at $16.00 per share, increasing its indirectly held position to 14,866,868 shares, as disclosed in the Form 4 data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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