AAC II Holdings II LP 4
4 · Kodiak AI, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Kodiak AI (KDK) 10% Holder AAC II Purchases 769,230 Shares
What Happened
AAC II Holdings II LP (a reported 10% owner) purchased 769,230 shares of Kodiak AI, Inc. (KDK) common stock on May 8, 2026 under a subscription agreement and, in connection with that deal, received an accompanying warrant covering 769,230 shares. The common shares were purchased at $6.50 per share for an aggregate subscription amount of $4,999,995. The warrant is initially exercisable at $6.00 per share (subject to anti‑dilution and other adjustments).
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 11, 2026. Filing appears timely.
- Common stock purchased: 769,230 shares at $6.50/share — total cash paid $4,999,995.
- Derivative: Warrant for 769,230 shares, initial exercise price $6.00 (anti‑dilution provisions apply). The Form 4 reports the derivative instrument in connection with the subscription.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: AAC II Holdings II LP is an Ares‑related investment vehicle; several Ares entities and individuals are disclosed as potentially sharing beneficial ownership but disclaim such ownership except for pecuniary interests.
Context
This was an institutional subscription by a reported 10% holder, not an executive or individual insider trade. Purchases like this show an institutional capital commitment; the warrant gives AAC II the option to buy additional stock later at a set exercise price, which could lead to dilution if exercised. The filing is descriptive and does not state any personal trading intent.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3][F4]2026-05-08+769,230→ 4,360,857 total - Award
Warrant (Right to Buy)
[F1][F2][F3][F4]2026-05-08−769,230→ 769,230 totalExercise: $6.00From: 2026-05-07Exp: 2031-05-07→ Common Stock (769,230 underlying)
Footnotes (4)
- [F1]Pursuant to a subscription agreement between Kodiak AI, Inc. (the "Company") and AAC II Holdings II LP ( "AAC II Holdings"), dated May 7, 2026, for an aggregate subscription amount of $4,999,995, AAC II Holdings purchased (i) 769,230 shares of the Company's common stock, par value $0.0001 per share ("Common Stock") at a price per share of $6.50 per share, and (ii) an accompanying warrant to purchase 769,230 shares of Common Stock initially exercisable at $6.00 per share of Common Stock, which exercise price is subject to certain anti-dilution and other adjustments.
- [F2]Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC ("Ares Voting") and Ares Management GP LLC ("Ares Management GP"), which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("Ares Management"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC ("Ares Holdco" and together with each of the foregoing entities, the "Ares Entities."), which is the general partner of Ares Holdings L.P. ("Ares Holdings").
- [F3]Ares Holdings is the general partner of AAC II Holdings II LP. Each of the Ares Entities, Ares Holdings and AAC II Holdings may be deemed to share beneficial ownership of the securities directly held by AAC II Holdings but each of the foregoing disclaim beneficial ownership of such securities except to the extent of its respective pecuniary interest therein.
- [F4]Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions. Each of these individuals expressly disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners, except to the extent of their respective pecuniary interest therein. The principal business office of the Ares Entities, Ares Holdings and AAC II Holdings is c/o Ares Management LLC, 245 Park Avenue, 44th Floor, New York, NY 10167.