Kardigan (KARD) director Walbert receives RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Walbert Timothy P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 57,573 | $0.00 | -- |
| Grant/Award | Common Stock | 20,706 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 57,573 shares (Direct, null);
Common Stock — 20,706 shares (Direct, null)
Footnotes (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. 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
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.