Kardigan director granted RSUs and stock options

Kardigan, Inc. director Timothy P. Walbert reported receiving new equity awards consisting of restricted stock units and stock options as part of his compensation.

Rhea-AI Filing Summary

Kardigan, Inc. director Timothy P. Walbert reported receiving new equity awards consisting of restricted stock units and stock options as part of his compensation. He was granted 20,706 RSUs, each representing one share of common stock that vests in full on June 17, 2028, assuming he continues in service through that date. He also received stock options covering 57,573 shares of common stock at an exercise price of $16.00 per share, vesting in 36 equal monthly installments starting June 17, 2026 and expiring on June 16, 2036. After these awards, his reported direct holdings from this grant are 20,706 shares of common stock and options for 57,573 shares.

Insider Trade Summary

Grant/Award: 78,279 shares

Grant/Award 2 txns

Insider Walbert Timothy P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	57,573	$0.00	$0.00
Grant/Award	Common Stock	20,706	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 57,573 contracts (Direct); Common Stock — 20,706 shares (Direct)

Footnotes (2)

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.
2. F2. The shares subject to this option shall vest and become exercisable in thirty-six (36) equal monthly installments commencing from June 17, 2026, subject to the Reporting Person's continued service on each such vesting date.

Key Figures

RSU grant: 20,706 shares Option grant size: 57,573 shares Option exercise price: $16.00 per share +3 more

6 metrics

RSU grant 20,706 shares Restricted stock units vesting June 17, 2028

Option grant size 57,573 shares Stock options granted June 17, 2026 vesting over 36 months

Option exercise price $16.00 per share Stock Option (Right to Buy) conversion price

Option expiration June 16, 2036 Expiration date of stock option grant

Shares after RSU grant 20,706 shares Total common shares following RSU transaction

Options after grant 57,573 options Total derivative shares following option transaction

Key Terms

restricted stock unit ("RSU"), Stock Option (Right to Buy, vest, exercise price, +1 more

5 terms

restricted stock unit ("RSU") financial

"Each share is represented by a restricted stock unit ("RSU")."

Stock Option (Right to Buy financial

"Stock Option (Right to Buy) with an exercise price of 16.0000."

vest financial

"The RSUs vest in full on June 17, 2028, subject to continuous service."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

exercise price financial

"conversion_or_exercise_price of 16.0000 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.

expiration date financial

"The option has an expiration_date of 2036-06-16T00:00:00.000Z."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did Timothy P. Walbert receive from Kardigan, Inc. (KARD)?

Timothy P. Walbert received 20,706 restricted stock units and stock options for 57,573 shares of Kardigan common stock. Both awards are compensation-related grants with multi-year vesting schedules tied to his continued service with the company.

When do Timothy P. Walbert’s Kardigan (KARD) RSUs vest?

Walbert’s 20,706 restricted stock units vest in full on June 17, 2028. Vesting is contingent on his continuous service with Kardigan through that date, after which each RSU converts into one share of common stock upon settlement.

What are the terms of Timothy P. Walbert’s Kardigan (KARD) stock options?

Walbert’s stock options cover 57,573 Kardigan shares at a $16.00 exercise price. They vest in 36 equal monthly installments starting June 17, 2026 and expire on June 16, 2036, subject to his continued service on each vesting date.

Are Timothy P. Walbert’s recent Kardigan (KARD) transactions open-market purchases or sales?

The reported transactions are equity grants, not open-market trades. They consist of a restricted stock unit award and a stock option grant given as compensation, with no cash purchase or sale of Kardigan shares disclosed in this filing.

How many Kardigan (KARD) shares and options does Timothy P. Walbert hold from this grant?

Following the reported awards, Walbert holds 20,706 shares of Kardigan common stock tied to RSUs and stock options for 57,573 shares. These amounts reflect the positions from this specific grant as shown in the filing.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/22/2026 - 07:17 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walbert Timothy P

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2026		A(1)		20,706	A	$0	20,706	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$16	06/17/2026		A		57,573		(2)	06/16/2036	Common Stock	57,573	$0	57,573	D

Explanation of Responses:

1. 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.

2. The shares subject to this option shall vest and become exercisable in thirty-six (36) equal monthly installments commencing from June 17, 2026, subject to the Reporting Person's continued service on each such vesting date.

	/s/ John B. Moriarty, Jr., Attorney-in-Fact	06/22/2026
	** 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 4 (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 4: SEC 1474 (03-26)