Burnette Donald L. 4

What Happened
Donald L. Burnette, CEO of Kodiak AI (KDK), was granted 1,168,614 restricted stock units (RSUs) on July 1, 2026. The Form 4 reports an acquisition-type transaction (code A) at $0.00 per unit (no cash paid). These RSUs represent a contingent right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (timely).
• Amount: 1,168,614 RSUs acquired; reported price per unit: $0.00 (total reported value $0).
• Vesting: 1/8 of the award vests on the first Quarterly Vesting Date on or after six months from the Vesting Commencement Date; thereafter 1/16 vests on each of the next 14 consecutive Quarterly Vesting Dates (Quarterly Vesting Dates = March 10, May 15, August 15, November 15). In effect, the award vests over roughly a four‑year period with the first vesting after six months.
• Holdings: The RSUs are held by Citizens Trust Company of Delaware, Trustee of the Burnette Family Irrevocable Trust dated August 11, 2025 (per footnote). The filing does not specify total shares owned by Burnette after this grant.
• Conditions: RSUs are contingent on continued service as a Service Provider through each vesting date.

Context
RSUs are a form of equity compensation that convert into shares only as they vest; this grant is not an open‑market purchase or sale and does not represent an immediate cash transaction or sale of shares. Such awards are commonly used for executive compensation and retention. The filing is informational and factual—no inference about insider sentiment should be drawn solely from the grant.