Kodiak Sciences Inc.: director Yang Taiyin exercised 20,000 shares

What happened Yang Taiyin, a director, exercised options to acquire 20,000 shares at $2.35 per share on Oct 23, 2026 for a total of $47,000. The Form 4 also reports a separate derivative transaction on Oct 23, 2026 for 20,000 shares with a reported price of $0.00 and zero proceeds (listed as a disposed derivative).

Key details

• Transaction dates and prices: Oct 23, 2026 — exercised 20,000 shares at $2.35 for $47,000; Oct 23, 2026 — derivative disposition of 20,000 shares at $0.00 for $0.
• Shares owned after the transaction: The filing does not state shares owned following the transactions.
• Footnotes: F1 — shares subject to the option are fully vested.
• Filing timing: Form filed Oct 26, 2026 for transactions on Oct 23, 2026; the filing does not indicate a late filing status.

Why it may matter

• The $2.35 exercise involved payment of $47,000, which indicates a non-cashless exercise as reported.
• The $0.00 entry reflects a derivative disposition reported with no proceeds in the filing.
  A filing does not show why the insider traded or why the company acted.