BORGESON JOHN A. 4
4 · Kodiak Sciences Inc. · Filed Jun 13, 2024
Insider Transaction Report
Form 4
BORGESON JOHN A.
See Remarks
Transactions
- Sale
Common Stock
2024-06-12$2.92/sh−1,558$4,549→ 179,544 total - Exercise/Conversion
Common Stock
2024-06-11+3,025→ 181,102 total - Exercise/Conversion
Restricted Stock Units
2024-06-11−3,025→ 0 total→ Common Stock (3,025 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's common stock.
- [F2]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 11, 2024. 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).
- [F3]One-fourth (1/4th) of the RSUs vested on June 11, 2021, upon the achievement of certain performance criteria ("Performance Achievement Date"); thereafter, the RSUs vested in three equal annual installments on each of the first, second, and third anniversaries of the Performance Achievement Date, subject, in each case, to the Reporting Person's status as a Service Provider (as defined in the 2018 Equity Incentive Plan) on each vesting date.