Walbert Timothy P 4
4 · Kardigan, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Kardigan (KARD) Director Timothy P. Walbert Receives Awards
What Happened
Timothy P. Walbert, a director of Kardigan, Inc. (KARD), received equity awards on 2026-06-17 totaling 78,279 units: 20,706 restricted stock units (RSUs) and 57,573 derivative awards. Both grants were reported at $0.00 per share (typical for equity awards), so reported acquisition cost is $0. These are grants/awards rather than open-market purchases or sales.
Key Details
- Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed five days after the transaction; Form 4s are generally due within two business days, so this appears late).
- Awards: 20,706 RSUs (F1) and 57,573 derivative/option-type awards (F2); combined = 78,279 equity units. Reported price: $0.00; reported value: $0.
- Vesting: RSUs vest in full on June 17, 2028, contingent on continued service (F1). The derivative/option-type award vests in 36 equal monthly installments beginning June 17, 2026, subject to continued service (F2).
- Shares owned after the transaction: Not specified in the reported Form 4.
Context
RSUs are a promise to receive common stock at settlement if vesting conditions are met; the derivative award appears to be an option-like grant that vests monthly over three years. These are standard compensation awards to align insiders with shareholders; they are not immediate purchases or sales and do not necessarily signal near-term trading intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-17+20,706→ 20,706 total - Award
Stock Option (Right to Buy)
[F2]2026-06-17+57,573→ 57,573 totalExercise: $16.00Exp: 2036-06-16→ Common Stock (57,573 underlying)
Footnotes (2)
- [F1]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.
- [F2]The shares subject to this option shall vest and become exercisable in thirty-six (36) equal monthly installments commencing from June 17, 2026, subject to the Reporting Person's continued service on each such vesting date.