Polar Asset Management (NASDAQ: KDK) reports 1.3% position via warrants

Rhea-AI Filing Summary

Polar Asset Management Partners Inc. reports beneficial ownership of 2,358,587 shares of Kodiak AI Inc. (Common Stock), representing 1.3% of the class. The filing states these are shares issuable upon the exercise of warrants. The statement is an amendment (Schedule 13G/A) signed by the Chief Compliance Officer on 05/15/2026.

Insights

Governance Analyst

Passive investor reports a small, below-5% position via warrants.

The filing declares 2,358,587 shares beneficially owned, equal to 1.3% of Kodiak AI's common stock, and specifies these shares are issuable upon exercise of warrants. As a Schedule 13G/A amendment, this reflects passive reporting rather than an active takeover intent.

Key dependencies include warrant exercise decisions and timing; subsequent disclosures may show conversion or disposition if exercised. Cash‑flow treatment and exercise terms are not provided in the excerpt.

Equity Capital Markets Analyst

Position size is modest; potential overhang depends on warrant economics.

The reported 1.3% stake is below the 5% threshold for larger disclosure regimes and is classified as passive ownership. The filing ties the position to warrants, so the actual share count depends on exercise mechanics and timing.

Watch subsequent filings for exercise notices or sales that would change outstanding share count; the excerpt does not disclose exercise price, expiration, or cash‑flow treatment.

Key Figures

Beneficial ownership: 2,358,587 shares Percent of class: 1.3% CUSIP: 500081104 +1 more

4 metrics

Beneficial ownership 2,358,587 shares Amount beneficially owned as reported on Schedule 13G/A

Percent of class 1.3% Percent of common stock class reported in Item 4

CUSIP 500081104 Kodiak AI Inc common stock CUSIP listed in filing

Signature date 05/15/2026 Date the Schedule 13G/A amendment was signed

Key Terms

Schedule 13G/A, beneficially owned, shares issuable upon the exercise of warrants

3 terms

Schedule 13G/A regulatory

"This statement is filed by Polar Asset Management Partners Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 2358587"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shares issuable upon the exercise of warrants financial

"shares issuable upon the exercise of warrants"

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Kodiak AI Inc

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

500081104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

Polar Asset Management Partners Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,358,587.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,358,587.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,358,587.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Kodiak AI Inc
(b)	Address of issuer's principal executive offices: 1049 TERRA BELLA AVENUE, MOUNTAIN VIEW, CA, 94043
Item 2.
(a)	Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") with respect to the shares directly held by PMSMF.
(b)	Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, Ontario, M5J 0E6
(c)	Citizenship: Canada
(d)	Title of class of securities: Common stock, par value $0.0001 per share
(e)	CUSIP No.: 500081104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission.
Item 4.	Ownership
(a)	Amount beneficially owned: 2358587
(b)	Percent of class: 1.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,358,587 shares issuable upon the exercise of warrants
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,358,587 shares issuable upon the exercise of warrants
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Polar Asset Management Partners Inc.

Signature:	Andrew Ma
Name/Title:	Chief Compliance Officer
Date:	05/15/2026

FAQ

What stake does Polar Asset Management report in Kodiak AI (KDK)?

Polar Asset Management reports beneficial ownership of 2,358,587 shares, representing 1.3% of Kodiak AI's common stock as stated in the Schedule 13G/A amendment.

Are the reported Kodiak AI shares currently outstanding?

No; the filing states the amount relates to shares issuable upon exercise of warrants, indicating they are contingent on exercise rather than currently outstanding common shares.

Does the Schedule 13G/A indicate Polar is an active investor in KDK?

The filing is an amendment to a Schedule 13G/A, which indicates passive reporting status; it does not assert active control or solicitation to influence Kodiak AI governance.

When was the disclosure signed and who signed it?

The statement was signed by Andrew Ma, Chief Compliance Officer on 05/15/2026 according to the filing excerpt.

Does the filing disclose exercise price or warrant expiration?

The excerpt does not provide exercise price, expiration dates, or cash‑flow details for the warrants; those terms are not included in the provided text.