Giordano Douglas E. 4

What Happened Douglas E. Giordano, a director of Kardigan, Inc. (KARD), was granted 20,706 restricted stock units (RSUs) on June 17, 2026. The award is reported as an "A" (award/grant) on the Form 4; the reported acquisition price is $0.00 (i.e., no cash paid at grant). The RSUs represent a contingent right to receive one share of common stock per RSU upon settlement.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22.
• Transaction type/code: Award/Grant (A). Price per RSU reported: $0.00.
• Quantity: 20,706 RSUs granted. Report lists these as RSUs (see footnote F1).
• Vesting/settlement: RSUs vest in full on June 17, 2028, subject to Giordano’s continuous service on the vesting date (footnote F1).
• Shares owned after transaction: not specified in the provided filing.
• No 10b5-1 plan, tax withholding, or sale noted in the provided details.

Context RSUs are a form of equity compensation, not an open-market purchase; they only convert into actual shares if and when the vesting conditions are satisfied and settlement occurs. This grant does not indicate an immediate purchase or sale of stock and should be viewed as compensation aligned with continued service rather than an immediate insider market sentiment signal.