Kodiak AI CFO swaps options for 563K RSUs
Kodiak AI, Inc. reported that Chief Financial Officer Surajit Datta received two large equity awards and exchanged stock options for new restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
Kodiak AI, Inc. reported that Chief Financial Officer Surajit Datta received two large equity awards and exchanged stock options for new restricted stock units. He was granted 417,362 RSUs and a separate award of 563,063 RSUs, each representing the right to receive one share of common stock when vested.
The 563,063‑unit award was issued in exchange for the cancellation of a stock option covering 2,035,915 shares at an exercise price of $8.8769 per share, which reduced that option position to zero. The RSUs vest over multi‑year quarterly schedules, conditioned on Datta continuing as a service provider.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Datta Surajit
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to buy) | 2,035,915 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 563,063 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 417,362 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to buy) — 0 contracts (Direct);
Common Stock — 980,425 shares (Direct)
Footnotes (5)
- F1. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock
- F2. One-fourth (1/4th) 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 one (1) year anniversary of 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 twelve (12) 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. 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.
- F4. 1/4th of the shares subject to the option vest on August 25, 2026 and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F5. On July 1, 2026, the Issuer cancelled the options listed in Table II. In exchange for the cancelled options, the Reporting Person received the 563,063 RSUs reported in Table I.
Key Figures
RSU grant 1: 417,362 RSUs
RSU grant 2: 563,063 RSUs
Cancelled option size: 2,035,915 shares
+3 more
6 metrics
RSU grant 1
417,362 RSUs
Restricted stock units representing common shares granted to CFO
RSU grant 2
563,063 RSUs
Restricted stock units received in exchange for cancelled options
Cancelled option size
2,035,915 shares
Underlying common stock for option disposed to issuer
Option exercise price
$8.8769 per share
Conversion or exercise price of cancelled stock option
Shares after first RSU grant
980,425 shares
Total common stock holdings following 417,362-unit award
Shares after second RSU grant
563,063 shares
Total common stock holdings following 563,063-unit award
Key Terms
restricted stock units ("RSUs"), Quarterly Vesting Dates, Stock Option (Right to buy), Disposition to issuer, +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"
Stock Option (Right to buy) financial
"Stock Option (Right to buy) with underlying security shares of 2,035,915.0000"
Disposition to issuer financial
"transaction_code "D" with transaction_action "issuer disposition" and description "Disposition to issuer""
Vesting Commencement Date financial
"anniversary of the Vesting Commencement Date (such first vesting date, the First Vesting 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kodiak AI (KDK) disclose about CFO Surajit Datta’s new equity awards?
Kodiak AI disclosed that CFO Surajit Datta received two RSU grants totaling 980,425 units. One grant covers 417,362 restricted stock units and another covers 563,063 units, each representing a contingent right to receive one share of common stock upon vesting.
How many stock options were cancelled in Kodiak AI (KDK) CFO’s Form 4?
The Form 4 reports cancellation of stock options covering 2,035,915 shares. These options had a conversion or exercise price of $8.8769 per share and were disposed of back to the issuer, reducing the reported option position for that grant to zero.
What did Kodiak AI (KDK) CFO receive in exchange for the cancelled options?
In exchange for the cancelled options, Surajit Datta received 563,063 RSUs. Each restricted stock unit represents a contingent right to one share of common stock, replacing the prior option grant reported in the derivative transaction table.
How do Kodiak AI (KDK) CFO’s RSUs vest according to the Form 4 footnotes?
The RSUs vest in scheduled quarterly installments over multiple years. One award vests one-fourth at the first quarterly vesting date after one year, then one-sixteenth on the next twelve quarterly dates, subject to continued service as a provider.
What vesting schedule applies to the other Kodiak AI (KDK) RSU award for the CFO?
The second RSU award vests starting six months after its vesting commencement date. One-eighth vests at the first quarterly vesting date after six months, then one-sixteenth vests on each of the next fourteen quarterly vesting dates, contingent on continued service.
Does Kodiak AI (KDK) CFO still hold the cancelled stock option after these transactions?
No, the reported stock option grant was fully cancelled and returned to the issuer. The Form 4 shows 2,035,915 option shares disposed with total derivative holdings for that grant reduced to zero, replaced by a 563,063-unit RSU award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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