BORGESON JOHN A. 4
4 · Kodiak Sciences Inc. · Filed Jun 16, 2023
Insider Transaction Report
Form 4
BORGESON JOHN A.
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2023-06-15+5,494→ 180,826 total - Sale
Common Stock
2023-06-16$9.23/sh−2,749$25,373→ 178,077 total - Exercise/Conversion
Restricted Stock Units
2023-06-15−3,619→ 3,619 total→ Common Stock (3,619 underlying) - Exercise/Conversion
Restricted Stock Units
2023-06-15−1,875→ 3,750 total→ Common Stock (1,875 underlying) - Sale
Common Stock
2023-06-14$9.42/sh−1,448$13,640→ 175,332 total
Footnotes (5)
- [F1]The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the restricted stock units ("RSU") on June 11, 2023. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. The sale is intended to comply with the requirements of Rule 10b5-1(c)(1) under the Exchange Act and be interpreted to meet the requirements of Rule 10b5-1(c).
- [F2]Each RSU represents a contingent right to receive one (1) share of the Issuer's common stock.
- [F3]The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of the RSUs on June 15, 2023. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. The sale is intended to comply with the requirements of Rule 10b5-1(c)(1) under the Exchange Act and be interpreted to meet the requirements of Rule 10b5-1(c).
- [F4]One-fourth (1/4th) of the RSUs vest on each of the first four anniversaries of June 15, 2020, subject to the Reporting Person's status as a Service Provider (as defined in the 2018 Equity Incentive Plan) on each vesting date.
- [F5]One-fourth (1/4th) of the RSUs vest on each of the first four anniversaries of June 15, 2021, subject to the Reporting Person's status as a Service Provider (as defined in the 2018 Equity Incentive Plan) on each vesting date.