KOD (NASDAQ: KOD) scheduled sale of 30,000 shares after option exercise

Rhea-AI Filing Summary

KOD filed a Rule 144 notice reporting proposed sales of 30,000 shares. The form states the securities are Common stock and lists an Exercise of Stock Options with an intended sale of 30,000 shares on 06/04/2026 for cash. The filing also notes a prior 10b5-1 sale by John Borgeson on 04/02/2026 of 30,000 shares for $1,197,453.00.

Insights

Corporate Governance Specialist

Rule 144 notice documents planned resale of exercised shares and an earlier 10b5-1 sale.

The filing lists an exercise of stock options that produced 30,000 shares and an intended sale of those shares on 06/04/2026. It separately records a prior 10b5-1 sale by John Borgeson on 04/02/2026 of 30,000 shares for $1,197,453.00.

These entries are routine compliance disclosures documenting timing and size of transactions. Cash‑flow treatment for the planned sale is stated as cash; further trade execution details are not included in the excerpt.

Key Figures

Planned sale: 30,000 shares Prior 10b5-1 sale: 30,000 shares Proceeds reported for prior sale: $1,197,453.00

3 metrics

Planned sale 30,000 shares Intended sale on 06/04/2026 from option exercise

Prior 10b5-1 sale 30,000 shares Sale executed 04/02/2026 by John Borgeson

Proceeds reported for prior sale $1,197,453.00 Consideration received on 04/02/2026 10b5-1 sale

Key Terms

10b5-1, Exercise of Stock Options, Rule 144

3 terms

10b5-1 regulatory

"10b5-1 Sales for JOHN BORGESON 1250 Page Mill Road"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Exercise of Stock Options financial

"Exercise of Stock Options | Issuer | 30000 | 06/04/2026"

Rule 144 regulatory

"Filer Information | 144: Filer Information"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	30000	1016100.00	62578441	06/04/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/04/2026	Exercise of Stock Options	Issuer			30000	06/04/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JOHN BORGESON 1250 Page Mill Road Palo Alto CA 94304	Common	04/02/2026	30000	1197453.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does KOD's Form 144 report?

The form reports a planned sale of 30,000 shares of Common stock tied to an exercise of stock options with an intended sale date of 06/04/2026. It also lists a prior 10b5-1 sale by John Borgeson.

Who executed the prior 10b5-1 sale listed on the filing?

The prior 10b5-1 sale was executed by John Borgeson on 04/02/2026, disposing of 30,000 shares for $1,197,453.00, as stated in the excerpt.

How many shares are listed as to be sold on 06/04/2026?

The excerpt lists an intended sale of 30,000 shares on 06/04/2026 resulting from an exercise of stock options, with settlement described as cash in the filing.

Does the filing state how proceeds will be used?

The filing identifies the transaction method as cash but does not specify any use of proceeds or recipient designation in the provided excerpt.

Is the 10b5-1 sale amount disclosed in the excerpt?

Yes. The excerpt shows a 10b5-1 sale on 04/02/2026 of 30,000 shares for $1,197,453.00, which appears as a historical sale recorded on the form.