GIANAKAKOS ANASTASIOS 4
4 · Kardigan, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Kardigan (KARD) CEO Gianakakos Converts Preferred into Common Shares
What Happened
- Anastasios Gianakakos, President & CEO and a director of Kardigan (KARD), reported conversions of derivative securities into common stock on June 17, 2026. The filing shows three conversion-acquisitions totaling 568,395 shares (28,702; 41,001; 498,692) and three conversion-disposals totaling 356,854 shares (18,020; 25,742; 313,092). No per-share price or cash changed hands (reported as N/A) because the transactions resulted from automatic conversion of Preferred Stock upon effectiveness of the company’s Form S-1 (IPO) on June 17, 2026.
- Net result from these entries: a gain of 211,541 common shares (568,395 acquired less 356,854 disposed). The filing does not report dollar values or a sale-for-cash — these were conversions, not open-market purchases or sales.
Key Details
- Transaction date: June 17, 2026. Filing date: June 22, 2026 (filing flagged late).
- Transaction type/code: C = conversion of derivative security (automatic conversion of Series A & B Preferred).
- Conversion details: Footnote F1 — each share of Series A and B Preferred converted on a 1.5928-for-1 basis into common stock upon the S-1 effectiveness; automatic and without payment of consideration.
- Shares owned after transaction: not specified in the filing. Several footnotes (F2–F6) state shares are held in various trusts (AEG 2021 Trust, KCM 2023 Trust, Katina Mandas 2024 QAT, MJA Legacy Trust) and the reporting person disclaims beneficial ownership of those trust-held shares except to the extent of any pecuniary interest.
- Timeliness: The Form 4 was filed 5 days after the transaction date and is marked late (transactionTimeliness = 'L').
Context
- These were conversions of preferred shares into common stock tied to the company’s IPO registration becoming effective; no cash exercise or open-market sale is shown. Conversions like this are routine in IPOs when convertible preferred stock automatically converts into common stock and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
Form 4
Kardigan, Inc.KARD
GIANAKAKOS ANASTASIOS
DirectorPresident & CEO
Transactions
- Conversion
Common Stock
[F1][F2]2026-06-17+28,702→ 5,665,090 total(indirect: By Trust) - Conversion
Common Stock
[F1][F3]2026-06-17+41,001→ 2,422,520 total(indirect: By Trust) - Conversion
Common Stock
[F1][F4]2026-06-17+498,692→ 498,692 total(indirect: By Spouse) - Conversion
Series A Preferred Stock
[F1][F2]2026-06-17−18,020→ 0 total(indirect: By Trust)→ Common Stock (28,702 underlying) - Conversion
Series A Preferred Stock
[F1][F3]2026-06-17−25,742→ 0 total(indirect: By Trust)→ Common Stock (41,001 underlying) - Conversion
Series B Preferred Stock
[F1][F4]2026-06-17−313,092→ 0 total(indirect: By Spouse)→ Common Stock (498,692 underlying)
Holdings
- 49,821
Common Stock
- 4,778(indirect: By Trust)
Common Stock
[F5] - 1,165,732(indirect: By Trust)
Common Stock
[F6]
Footnotes (6)
- [F1]Each share of Series A Preferred Stock and Series B Preferred Stock (together the "Preferred Stock") was convertible into Common Stock on a 1.5928 for 1 basis at any time at the option of the holder, and automatically converted into the number of shares shown in Column 7 upon the effectiveness of the Issuer's registration statement on Form S-1 relating to its initial public offering on June 17, 2026 and without payment of consideration. The Preferred Stock had no expiration date.
- [F2]Represents shares held by AEG 2021 Trust. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F3]Represents shares held by KCM 2023 Trust. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F4]The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F5]Represents shares held by Katina Mandas 2024 Qualified Annuity Trust dated April 29, 2024. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
- [F6]Represents shares held by MJA Legacy Trust dated May 6, 2020. The Reporting Person disclaims beneficial ownership of such shares for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that he is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Signature
/s/ John B. Moriarty, Jr., Attorney-in-Fact|2026-06-22