Pasternak Andy 4

What Happened

Andy Pasternak, Chief Strategy Officer of Kardigan, Inc. (KARD), was granted 79,640 restricted stock units (RSUs) on June 17, 2026. The award is reported as an acquisition (code A) at $0.00 per unit — no cash was paid at grant and there is no immediate market sale or purchase.

Key Details

• Transaction date: June 17, 2026 (reported on Form 4 filed June 22, 2026).
• Shares/units granted: 79,640 RSUs. Price reported: $0.00 (no cash paid).
• Vesting: RSUs vest in full on June 17, 2028, subject to Pasternak’s continuous service (see footnote F1). Upon vesting each RSU converts to one share.
• Shares owned after transaction: not specified in the filing.
• Transaction code: A (award/grant).
• Filing timing: Form 4 was filed five days after the grant date; this appears later than the standard two-business-day filing deadline for Form 4s.

Context

RSUs are a form of deferred equity compensation — they do not represent actual traded shares until they vest and are settled. Because this was a grant with multi-year vesting, it’s a compensation event rather than an open-market purchase or sale and does not by itself indicate immediate insider buying or selling intent.