Kodiak AI (KDK) CTO receives 434,056 RSUs with quarterly vesting
Rhea-AI Filing Summary
Wendel Andreas reported acquisition or exercise transactions in this Form 4 filing.
Kodiak AI, Inc. reported that Chief Technology Officer Andreas Wendel received an equity award of 434,056 shares of Common Stock, recorded as a grant or award at a price of $0.00 per share. Footnotes explain these securities are restricted stock units (RSUs), each representing the right to receive one share of Common Stock.
The vesting schedule provides that one-eighth of the RSUs vests on the first Quarterly Vesting Date on or after six months from the vesting commencement date, then one-sixteenth vests on each of the next fourteen Quarterly Vesting Dates (March 10, May 15, August 15, and November 15), subject to continued service. Following this award, Wendel’s reported direct holdings total 4,739,629 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 434,056 | $0.00 | -- |
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.