Kodiak Sciences: Baker funds buy 716K shares
Underlying executions occurred within transaction-specific price bands, while the reported per-share figures are weighted averages.
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Rhea-AI Filing Summary
Kodiak Sciences Inc. (KOD) reports indirect purchases of 715,592 common shares by 667, L.P. and Baker Brothers Life Sciences LP on September 28 and 29, 2026, at reported weighted-average prices of $84.2421 to $89.8555 per share. No Rule 10b5-1 plan is reported. Baker Bros. Advisors LP, the funds’ investment adviser, had complete and unlimited discretion and authority over investment and voting power. Directors Felix J. Baker and Julian C. Baker may be deemed to have indirect pecuniary interests through their fund interests and profit allocations.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F13, F2, F3, F4 | 619 | $84.2421 | $52K |
| Purchase | Common Stock F13, F3, F4, F5 | 10,381 | $84.2421 | $875K |
| Purchase | Common Stock F14, F2, F3, F4 | 1,195 | $85.403 | $102K |
| Purchase | Common Stock F14, F3, F4, F5 | 20,031 | $85.403 | $1.71M |
| Purchase | Common Stock F15, F2, F3, F4 | 84 | $85.8855 | $7K |
| Purchase | Common Stock F15, F3, F4, F5 | 1,416 | $85.8855 | $122K |
| Purchase | Common Stock F1, F2, F3, F4 | 186 | $86.7217 | $16K |
| Purchase | Common Stock F1, F3, F4, F5 | 3,114 | $86.7217 | $270K |
| Purchase | Common Stock F6, F2, F3, F4 | 957 | $86.8142 | $83K |
| Purchase | Common Stock F6, F3, F4, F5 | 16,036 | $86.8142 | $1.39M |
| Purchase | Common Stock F7, F2, F3, F4 | 3,790 | $86.9421 | $330K |
| Purchase | Common Stock F7, F3, F4, F5 | 63,539 | $86.9421 | $5.52M |
| Purchase | Common Stock F8, F2, F3, F4 | 4,485 | $87.5065 | $392K |
| Purchase | Common Stock F8, F3, F4, F5 | 75,176 | $87.5065 | $6.58M |
| Purchase | Common Stock F9, F2, F3, F4 | 5,880 | $88.5671 | $521K |
| Purchase | Common Stock F9, F3, F4, F5 | 98,561 | $88.5671 | $8.73M |
| Purchase | Common Stock F10, F2, F3, F4 | 6,428 | $88.646 | $570K |
| Purchase | Common Stock F10, F3, F4, F5 | 107,772 | $88.646 | $9.55M |
| Purchase | Common Stock F11, F2, F3, F4 | 4,932 | $89.6036 | $442K |
| Purchase | Common Stock F11, F3, F4, F5 | 82,673 | $89.6036 | $7.41M |
| Purchase | Common Stock F12, F2, F3, F4 | 11,729 | $89.8555 | $1.05M |
| Purchase | Common Stock F12, F3, F4, F5 | 196,608 | $89.8555 | $17.67M |
Footnotes (15)
- F1. The price reported in Column 4 is a weighted average price. These shares of common stock ("Common Stock") of Kodiak Sciences Inc. (the "Issuer") were traded by 667, L.P. ("667") and Baker Brothers Life Sciences, L.P. ("Life Sciences", and together with 667, the "Funds") in multiple transactions at prices ranging from $86.70 to $86.75, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "Staff"), upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F2. After giving effect to the transactions reported herein and as a result of their ownership interest in (i) Baker Biotech Capital, L.P. and (ii) 667, Julian C. Baker and Felix J. Baker each may be deemed to have an indirect pecuniary interest in the Common Stock reported in column 5 of Table I held directly by 667, a limited partnership of which the sole general partner is Baker Biotech Capital, L.P., a limited partnership of which the sole general partner is Baker Biotech Capital (GP), LLC, due to their interest in 667 and Baker Biotech Capital, L.P.'s right to receive an allocation of a portion of the profits from 667.
- F3. Baker Bros. Advisors LP (the "Adviser") serves as the investment adviser to the Funds. In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held directly by the Funds. Baker Bros. Advisors (GP) LLC (the "Adviser GP") is the Adviser's sole general partner. Julian C. Baker and Felix J. Baker are managing members of the Adviser GP. The Adviser has complete and unlimited discretion and authority with respect to the investment and voting power of the securities held directly by the Funds. The general partners of the Funds relinquished to the Adviser all discretion and authority with respect to the investment and voting power of the securities held directly by the Funds.
- F4. Julian C. Baker, Felix J. Baker, the Adviser GP and the Adviser disclaim beneficial ownership of the securities held directly by the Funds except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of Julian C. Baker, Felix J. Baker, the Adviser GP or the Adviser is a beneficial owner of such securities for purposes of Section 16 or any other purpose.
- F5. After giving effect to the transactions reported herein and as a result of their ownership interest in (i) Baker Brothers Life Sciences Capital, L.P. and (ii) Life Sciences, Julian C. Baker and Felix J. Baker each may be deemed to have an indirect pecuniary interest in the Common Stock reported in column 5 of Table I held directly by Life Sciences, a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital, L.P., a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital (GP), LLC, due to their interest in Life Sciences and Baker Brothers Life Sciences Capital, L.P.'s right to receive an allocation of a portion of the profits from Life Sciences.
- F6. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $86.47 to $87.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F7. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $86.47 to $87.465, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F8. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $87.03 to $88.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F9. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $88.25 to $88.97, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F10. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $88.01 to $89.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F11. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $89.32 to $90.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F12. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $89.11 to $90.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F13. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $83.81 to $84.65, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F14. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $85.16 to $85.99, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
- F15. The price reported in Column 4 is a weighted average price. These shares were traded by 667 and Life Sciences in multiple transactions at prices ranging from $85.82 to $85.95, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
Key Figures
Key Terms
weighted average price financial
indirect pecuniary interest financial
beneficial ownership regulatory
deputization regulatory
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