Walbert Timothy P 4

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.