LMR Partners group (KDK) discloses 13.4M-share, 6.5% holding in Kodiak AI

Rhea-AI Filing Summary

LMR Partners-affiliated investment managers and principals reported beneficial ownership of Kodiak AI, Inc. common stock on a Schedule 13G. As of June 30, 2026, they collectively beneficially owned 13,441,521 shares of common stock, representing approximately 6.5% of Kodiak AI’s outstanding common shares.

The position consists of 1,923,076 shares of common stock directly held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, 7,324,037 shares issuable upon exercise of warrants, and 4,194,408 shares issuable upon conversion of Series A Preferred Stock. The reporting persons share voting and dispositive power over these securities.

Key Figures

Beneficial ownership: 13,441,521 shares Ownership percentage: 6.5% Common stock held: 1,923,076 shares +4 more

7 metrics

Beneficial ownership 13,441,521 shares Total Kodiak AI common shares beneficially owned by reporting persons as of June 30, 2026

Ownership percentage 6.5% Percentage of Kodiak AI common stock beneficially owned based on 194,173,000 shares outstanding

Common stock held 1,923,076 shares LMR Master Fund and LMR CCSA Master Fund aggregate common shares (961,538 each)

Warrant shares issuable 7,324,037 shares Common shares issuable upon exercise of warrants held by LMR Master Fund and LMR CCSA Master Fund

Series A conversion shares 4,194,408 shares Common shares issuable upon conversion of Series A Preferred Stock held by the two funds

Shares outstanding 194,173,000 shares Kodiak AI common stock outstanding as of June 30, 2026

Per-fund ownership 3.4% LMR Master Fund and LMR CCSA Master Fund each hold approximately 3.4% of the class

Key Terms

beneficially owned, shared voting power, shared dispositive power, Series A Preferred Stock, +1 more

5 terms

beneficially owned financial

"The Common Stock beneficially owned by the Reporting Persons consists of the following components"

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.

shared voting power financial

"each of the Reporting Persons had shared power to vote or direct the vote of 13,441,521 shares"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"each of the Reporting Persons had shared power to dispose or to direct the disposition of 13,441,521"

Series A Preferred Stock financial

"also directly holds 9,803 shares of Series A Preferred Stock, which are convertible into 2,097,204 shares"

Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.

Schedule 13D regulatory

"information that would otherwise be disclosed in a Schedule 13D"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

What percentage of Kodiak AI, Inc. (KDK) does LMR Partners report owning?

LMR-affiliated reporting persons beneficially own 6.5% of Kodiak AI’s common stock. This percentage is based on 194,173,000 shares outstanding as of June 30, 2026, plus shares they may acquire within 60 days through warrants and preferred stock conversion.

How many Kodiak AI (KDK) shares does LMR Partners beneficially own in total?

The reporting persons beneficially own 13,441,521 Kodiak AI common shares. This includes currently held common stock plus shares issuable upon exercise of warrants and conversion of Series A Preferred Stock held by LMR Master Fund and LMR CCSA Master Fund.

What securities make up LMR’s Kodiak AI (KDK) position?

LMR’s position includes 1,923,076 common shares, 7,324,037 shares issuable from warrants, and 4,194,408 shares issuable from Series A Preferred Stock. Together, these components total 13,441,521 beneficially owned shares of Kodiak AI common stock.

How much voting power does LMR have in Kodiak AI (KDK)?

As of June 30, 2026, each reporting person has 0 shares with sole voting power and 13,441,521 shares with shared voting power. They also have shared dispositive power over the same number of Kodiak AI common shares.

Which funds actually hold Kodiak AI (KDK) shares for LMR?

The Kodiak AI securities are directly held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd. Each fund holds 961,538 common shares, warrants for additional shares, and 9,803 Series A Preferred Stock convertible into common shares.

What is the role of Ben Levine and Stefan Renold in LMR’s Kodiak AI (KDK) holdings?

Ben Levine and Stefan Renold are identified as the individuals ultimately in control of investment and voting decisions of the LMR investment managers for the Kodiak AI securities. They are included as Reporting Persons on the Schedule 13G filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 09:30 AM Accepted by SEC EDGAR 08/14/2026 - 09:29 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Kodiak AI, Inc.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

500081104

(CUSIP Number)

06/30/2026

(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

LMR Partners LLP

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

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

LMR PARTNERS Ltd

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

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

LMR Partners LLC

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

LMR Partners AG

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

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

LMR PARTNERS (DIFC) Ltd

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

UNITED ARAB EMIRATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

LMR Partners (Ireland) Limited

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

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

Ben Levine

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

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP Number(s): 500081104

1

Names of Reporting Persons

Stefan Renold

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

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,441,521.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,441,521.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,441,521.00

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)

6.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

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, California, 94043
Item 2.
(a)	Name of person filing: This statement is filed by: (i) LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds with respect to the Common stock, par value $0.0001 per share ("Common Stock"), held by certain funds; and (ii) Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities held by certain funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom.
(c)	Citizenship: LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. LMR Partners (DIFC) Limited is a United Arab Emirates corporation. LMR Partners (Ireland) Limited is a limited company incorporated in Ireland. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland.
(d)	Title of class of securities: Common stock, par value $0.0001 per share
(e)	CUSIP Number(s): 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).
	Investment Adviser
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference. As of June 30, 2026: The Common Stock beneficially owned by the Reporting Persons consists of the following components directly held by LMR Multi-Strategy Master Fund Limited ("LMR Master Fund") and LMR CCSA Master Fund Ltd ("LMR CCSA Master Fund"): Each of LMR Master Fund and LMR CCSA Master Fund directly holds 961,538 shares of Common Stock, with a total of 1,923,076 shares of Common Stock in the aggregate (the "LMR Common Stock"). LMR Master Fund directly holds warrants to purchase 3,662,018 shares of Common Stock and LMR CCSA Master Fund directly holds warrants to purchase 3,662,019 shares of Common Stock, with a total of 7,324,037 shares of Common Stock issuable upon the exercise of the warrants in the aggregate ("Warrants"). Each of LMR Master Fund and LMR CCSA Master Fund also directly holds 9,803 shares of Series A Preferred Stock, which are convertible into 2,097,204 shares of Common Stock each, with a total of 4,194,408 shares of Common Stock issuable upon the conversion of the Series A Preferred Stock in the aggregate ("Series A Preferred Stock" and together with the LMR Common Stock and the Warrants, the "LMR Shares").
(b)	Percent of class: The LMR Shares, including those issuable upon the exercise of the Warrants and the conversion of the Series A Preferred Stock, held by each of LMR Master Fund and LMR CCSA Master Fund represent approximately 3.4% and the LMR Shares in the aggregate represent approximately 6.5% of the outstanding shares of Common Stock, based on 194,173,000 shares of Common Stock of the Issuer outstanding as of June 30, 2026, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026, plus shares that may be acquired by such Reporting Persons within 60 days.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: As of June 30, 2026, each of the Reporting Persons had sole power to vote or direct the vote of 0 shares of Common Stock.
	(ii) Shared power to vote or to direct the vote: As of June 30, 2026, each of the Reporting Persons had shared power to vote or direct the vote of 13,441,521 shares of Common Stock.
	(iii) Sole power to dispose or to direct the disposition of: As of June 30, 2026, each of the Reporting Persons had sole power to dispose or to direct the disposition of 0 shares of Common Stock.
	(iv) Shared power to dispose or to direct the disposition of: As of June 30, 2026, each of the Reporting Persons had shared power to dispose or to direct the disposition of 13,441,521 shares of Common Stock.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities beneficially owned by the Reporting Persons are directly held by LMR Master Fund and LMR CCSA Master Fund, for which the LMR Investment Managers serve as the investment managers.
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. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to LMR Partners LLP, LMR Partners Limited, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

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.

LMR Partners LLP

Signature:	Shane Cullinane
Name/Title:	Chief Operating Officer
Date:	08/14/2026

LMR PARTNERS Ltd

Signature:	Shane Cullinane
Name/Title:	Chief Operating Officer
Date:	08/14/2026

LMR Partners LLC

Signature:	Allyson Hanlon
Name/Title:	Deputy General Counsel
Date:	08/14/2026

LMR Partners AG

Signature:	Shane Cullinane
Name/Title:	Chief Operating Officer
Date:	08/14/2026

LMR PARTNERS (DIFC) Ltd

Signature:	Shane Cullinane
Name/Title:	Chief Operating Officer
Date:	08/14/2026

LMR Partners (Ireland) Limited

Signature:	Shane Cullinane
Name/Title:	Chief Operating Officer
Date:	08/14/2026

Ben Levine

Signature:	Ben Levine
Name/Title:	Self
Date:	08/14/2026

Stefan Renold

Signature:	Stefan Renold
Name/Title:	Self
Date:	08/14/2026