BERNS PAUL L 4
4 · Kardigan, Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Kardigan (KARD) 10% Owner Paul Berns Buys 1.25M Shares
What Happened
Paul L. Berns, reported as a 10% owner, purchased 1,250,000 shares (reported as restricted stock units) at $16.00 per share for a total transaction value of $20,000,000. The purchase is reported as an open market or private purchase (code P) on a Form 4 with a transaction date of 2026-06-22 and a filing date of 2026-06-24. This was an acquisition (buy), not a sale.
Key Details
- Transaction date: 2026-06-22; Form 4 filed: 2026-06-24 (timely filing).
- Price: $16.00 per share; Shares acquired: 1,250,000; Total value: $20,000,000.
- Shares owned after transaction: Not specified in the filing.
- Footnote highlights:
- F1: The securities are directly held by ARCH Venture Fund XIII, L.P. AVP XIII entities and the AVP XIII LLC investment-committee members (including Paul Berns) may be deemed to beneficially own the shares but disclaim ownership except to the extent of any pecuniary interest.
- F2: Each acquired share is represented by a restricted stock unit (RSU) — a contingent right to receive one share upon settlement. The RSUs vest in full on June 17, 2028, subject to the reporting person’s continuous service.
- Transaction code: P = Purchase.
Context
Paul Berns is reported as a 10% owner and an investment‑committee member of ARCH-related entities; this appears to be an institutional/investor acquisition rather than an executive selling stock. Because the purchase is in RSUs that vest in 2028, these units are not immediately transferable shares and depend on future vesting/settlement. The filing is timely and factual; it does not state any motivation for the purchase.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-06-22$16.00/sh+1,250,000$20,000,000→ 15,042,035 total(indirect: By ARCH Venture Fund XIII, L.P.)
- 20,706
Common Stock
[F2]
Footnotes (2)
- [F1]These securities are directly held by ARCH Venture Fund XIII, L.P. ("ARCH XIII"). ARCH Venture Partners XIII, L.P. ("AVP XIII LP") is the general partner of ARCH XIII. ARCH Venture Partners XIII, LLC ("AVP XIII LLC") is the general partner of AVP XIII LP. Paul Berns, Kristina M. Burow, Keith Crandell, Steven Gillis and Robert Nelsen are members of the investment committee of AVP XIII LLC (the "AVP XIII LLC Committee Members"). Each of AVP XIII LP and AVP XIII LLC may be deemed to beneficially own the shares held by ARCH XIII, and each of the AVP XIII LLC Committee Members may be deemed to share the power to direct the disposition and vote of the shares held by ARCH XIII. Each of AVP XIII LP, AVP XIII LLC and the AVP XIII LLC Committee Members disclaims beneficial ownership except to the extent of their pecuniary interest therein, if any.
- [F2]Each share is represented by a restricted stock unit ("RSU"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest in full on June 17, 2028, subject to the Reporting Person's continuous service as of the applicable vesting date.