Kodiak AI (KDK) awards 292,153 RSUs to Chief Legal and Policy Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coleman Jordan S. reported acquisition or exercise transactions in this Form 4 filing.
Kodiak AI, Inc. reported that Chief Legal and Policy Officer Jordan S. Coleman received an equity grant of 292,153 shares of Common Stock in the form of restricted stock units at no cash cost. Following this award, his directly held stake increased to 296,624 shares. The RSUs vest over time: one-eighth of the grant is scheduled to vest on the first quarterly vesting date about six months after the vesting start date, with the remaining units vesting in equal installments across the next fourteen quarterly dates, assuming he continues as a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coleman Jordan S.
Role
Chief Legal and Policy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 292,153 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 296,624 shares (Direct, null)
Footnotes (1)
- These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock One-eighth (1/8th) of the total number of RSUs subject to the Award will be scheduled to vest on the first Quarterly Vesting Date (as defined below) on or immediately following the date that is six (6) months following the Vesting Commencement Date (such first vesting date, the First Vesting Date), and thereafter, one-sixteenth (1/16th) of the total number of RSUs subject to the Award will be scheduled to vest on each of the next fourteen (14) consecutive Quarterly Vesting Dates that occur after the First Vesting Date, in each case subject to the Participant continuing to be a Service Provider through the applicable vesting date. Quarterly Vesting Dates means March 10, May 15, August 15, and November 15.
Key Figures
RSU grant size: 292,153 shares
Holdings after grant: 296,624 shares
Grant price per share: $0.0000 per share
+2 more
5 metrics
RSU grant size
292,153 shares
Restricted stock units representing Common Stock
Holdings after grant
296,624 shares
Total direct Common Stock holdings post-transaction
Grant price per share
$0.0000 per share
Equity award, no cash paid for RSUs
Initial vesting fraction
1/8 of RSUs
Vests on first quarterly vesting date ~6 months after start
Subsequent vesting schedule
14 installments of 1/16
Vests on 14 consecutive quarterly vesting dates
Key Terms
restricted stock units, Quarterly Vesting Dates, Service Provider, Grant, award, or other acquisition
4 terms
restricted stock units financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Quarterly Vesting Dates financial
"Quarterly Vesting Dates means March 10, May 15, August 15, and November 15."
Service Provider financial
"subject to the Participant continuing to be a Service Provider through the applicable vesting date."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Kodiak AI (KDK) report for Jordan S. Coleman?
Kodiak AI reported that Chief Legal and Policy Officer Jordan S. Coleman received a grant of 292,153 restricted stock units, each representing one share of Common Stock, as part of his equity compensation, increasing his directly held position to 296,624 shares.
What type of equity award did Kodiak AI (KDK) grant to Jordan S. Coleman?
The award consists of restricted stock units, or RSUs, where each unit represents a contingent right to receive one share of Kodiak AI Common Stock. The transaction is coded as a grant or award acquisition, not an open-market stock purchase or sale.
How do Jordan S. Coleman’s RSUs in Kodiak AI (KDK) vest over time?
One-eighth of the total RSUs is scheduled to vest on the first quarterly vesting date about six months after the vesting commencement date. The remaining RSUs vest in one-sixteenth increments on the next fourteen quarterly vesting dates, contingent on continued service.
What are the quarterly vesting dates for Kodiak AI (KDK) RSUs in this grant?
Quarterly vesting dates for this RSU grant are defined as March 10, May 15, August 15, and November 15. After the initial vesting event, equal installments are scheduled on fourteen consecutive quarterly dates, subject to the participant remaining a service provider.