Kodiak AI, Inc. Chief People Officer Lorie Ann Boyd was granted 747,863 restricted stock units on November 3, 2026. Each RSU represents a contingent right to receive one share of Common Stock, and her reported post-transaction position was 747,863 RSUs. One-eighth is scheduled to vest on the first Quarterly Vesting Date on or immediately following six months after the Vesting Commencement Date; then one-sixteenth is scheduled to vest on each of the next 14 consecutive quarterly dates, subject to continued service through each applicable date.
Kodiak AI, Inc. reported third-quarter 2026 revenue of $2.969 million, up 286% year over year, and consolidated net income of $27.414 million versus a $269.935 million net loss a year earlier. GAAP loss from operations was $50.378 million, compared with $29.969 million. The quarter included a $78.213 million gain from a change in fair value of common stock warrants.
Commercially, Kodiak secured a binding definitive agreement with DTL Transport for 75 customer-owned and operated unsupervised autonomous trucks. Its Autonomy Readiness Measure reached 99%, nearing its targeted year-end unsupervised long-haul launch. Atlas Energy Solutions' customer-owned autonomous fleet reached 37 trucks by quarter-end, and IKEA Supply was named Kodiak's first long-haul launch partner, with planned regular service on the Dallas-to-Houston corridor.
Net cash used in operating activities was $35.222 million and free cash flow was negative $38.004 million for Q3, compared with $33.357 million and negative $40.002 million, respectively, a year earlier. Cash and cash equivalents and marketable securities totaled $113.6 million as of September 30, 2026. Kodiak also launched commercial freight operations with Charger Logistics on the Dallas-to-Laredo corridor.
Kodiak AI, Inc. (KDK) reported a proposed sale by former officer Andreas Wendel of 760 common shares, with an aggregate market value of $1,634.00 and an approximate sale date of September 30, 2026, on NASDAQ. The 760 shares were acquired from the issuer through a stock option exercise on September 30, 2026, with cash payment. During the prior three months, Wendel reported sales of 3,250,000 shares for $9,035,000.00 on September 25, 2026, and 164,707 shares for $350,366.51 on September 29, 2026.
Kodiak AI, Inc. (KDK) reports a notice by former officer Andreas Wendel for a proposed sale of 164,707 common shares, with an aggregate market value of $350,365.88 and an approximate sale date of September 29, 2026. The notice also lists an acquisition of 164,707 shares from the issuer through a stock option exercise on September 29, 2026, with cash payment. It reports that Andreas Wendel sold 3,250,000 common shares on September 25, 2026, for gross proceeds of $9,035,000 during the prior three months.
Kodiak AI, Inc. affiliate Andreas Wendel reported a proposed sale of 3,250,000 common shares through J.P. Morgan Securities LLC, with an aggregate market value of $9,035,000 and an approximate sale date of September 25, 2026. The notice lists 200,618,170 shares outstanding. The shares are identified as Founder's Shares acquired from the issuer on September 24, 2025, for services rendered.
Soros Fund Management LLC and George Soros report beneficial ownership of Kodiak AI, Inc. common stock on an amended Schedule 13G. They report beneficial ownership of 9,767,037 shares of common stock, representing 4.9% of the class, based on 199,400,662 Class A shares outstanding as of May 15, 2026.
The shares are held for the accounts of Quantum Partners LP and certain other funds/accounts for which Soros Fund Management LLC serves as investment manager, with shared voting and dispositive power over these shares.
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.
Kodiak AI, Inc. reported revenue of 3,499 thousand for the quarter ended June 30, 2026, up from 503 thousand a year earlier, driven by its Driver-as-a-Service, freight, and defense ground-autonomy contracts. Operating expenses rose to 47,176 thousand, producing a loss from operations of 43,677 thousand.
Non-cash fair-value gains on warrant liabilities generated GAAP net income of 12,477 thousand for the quarter and 38,967 thousand year-to-date, but after 54,433 thousand of preferred dividends and related adjustments, common shareholders still recorded a net loss of 15,466 thousand for the first half. Cash, cash equivalents, and marketable securities totaled $151.1 million at June 30, 2026, while net cash used in operating activities was 63,619 thousand for the six months. With an accumulated deficit of 814,702 thousand and expectations of continued heavy investment in R&D and scaling its autonomous trucking platform, the company states that these factors raise substantial doubt about its ability to continue as a going concern for at least one year and anticipates needing additional debt or equity financing.
W. R. Berkley Corporation filed an amended Schedule 13G indicating that it and its subsidiary Berkley Insurance Company no longer beneficially own any Class A ordinary shares of Ares Acquisition Corp (par value $0.0001 per share, CUSIP G33033104). The filing reports 0 shares beneficially owned, representing 0.0% of the class, with no sole or shared voting or dispositive power over any shares.