Kodiak AI CEO gets 1.17M-share RSU grant
Kodiak AI, Inc. director and Chief Executive Officer Donald L. Burnette reported an equity compensation award and updated holdings.
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Form Type
4
Rhea-AI Filing Summary
Kodiak AI, Inc. director and Chief Executive Officer Donald L. Burnette reported an equity compensation award and updated holdings. He received a grant of 1,168,614 restricted stock units (RSUs) of Common Stock at $0.00 per share as a grant, award, or other acquisition. These RSUs vest in stages, with an initial vesting after six months and additional vesting on specified quarterly dates, subject to continued service. Following the grant, Burnette directly holds 27,083,818 shares of Common Stock and has 1,385,765 shares held indirectly through the Burnette Family Irrevocable Trust, for which Citizens Trust Company of Delaware acts as trustee.
Insider Trade Summary
Grant/Award: 1,168,614 shares
Grant/Award
2 txns
Insider
Burnette Donald L.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,168,614 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,083,818 shares (Direct);
Common Stock — 1,385,765 shares (Indirect, See footnote)
Footnotes (3)
- F1. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock
- F2. 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.
- F3. The shares are held by Citizens Trust Company of Delaware, Trustee of the Burnette Family Irrevocable Trust dated August 11, 2025.
Key Figures
RSU grant size: 1,168,614 shares
Grant price per share: $0.00/share
Direct shares after grant: 27,083,818 shares
+3 more
6 metrics
RSU grant size
1,168,614 shares
Restricted stock units of Common Stock granted to CEO
Grant price per share
$0.00/share
RSU award exercise/settlement price
Direct shares after grant
27,083,818 shares
Common Stock directly held by Donald L. Burnette after transaction
Indirect trust holdings
1,385,765 shares
Common Stock held via Burnette Family Irrevocable Trust
Initial vesting fraction
1/8 of RSUs
Portion vesting on first Quarterly Vesting Date after six months
Subsequent vesting installments
14 installments of 1/16
Quarterly vesting schedule following the first vesting date
Key Terms
restricted stock units ("RSUs"), Quarterly Vesting Dates, Vesting Commencement Date, Irrevocable Trust, +1 more
5 terms
restricted stock units ("RSUs") financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Quarterly Vesting Dates financial
"Quarterly Vesting Dates means March 10, May 15, August 15, and November 15."
Vesting Commencement Date financial
"on or immediately following the date that is six (6) months following the Vesting Commencement Date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Irrevocable Trust financial
"Burnette Family Irrevocable Trust dated August 11, 2025."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
trustee financial
"The shares are held by Citizens Trust Company of Delaware, Trustee of the Burnette Family Irrevocable Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Kodiak AI (KDK) report for Donald L. Burnette?
Kodiak AI reported that CEO Donald L. Burnette received a grant of 1,168,614 restricted stock units. These RSUs represent a right to receive an equal number of Common Stock shares, vesting over time under a defined quarterly schedule tied to continued service.
How many RSUs did the Kodiak AI (KDK) CEO receive in this Form 4?
Donald L. Burnette received 1,168,614 restricted stock units of Common Stock. Each RSU corresponds to one share that may be delivered upon vesting, with no cash exercise price, reflecting an equity-based compensation award rather than a market purchase of shares.
What is the vesting schedule for the new Kodiak AI (KDK) RSU grant?
The RSUs vest in multiple stages. One-eighth of the total vests on the first Quarterly Vesting Date about six months after the vesting commencement, then one-sixteenth on each of fourteen subsequent Quarterly Vesting Dates, assuming the participant remains a service provider.
What indirect Kodiak AI (KDK) holdings are associated with the Burnette Family Irrevocable Trust?
The Form 4 notes 1,385,765 shares of Common Stock held indirectly through the Burnette Family Irrevocable Trust. Citizens Trust Company of Delaware acts as trustee for this trust, and these shares are reported as indirect ownership separate from Burnette’s direct holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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