Baker Bros. Advisors Lp - Feb 15, 2022 Form 4 Insider Report for Kodiak Sciences Inc. (KOD)

Signature
By: Baker Bros. Advisors LP, Name: Scott L. Lessing, Title: President /s/ Scott L. Lessing
Stock symbol
KOD
Transactions as of
Feb 15, 2022
Transactions value $
$21,832,153
Form type
4
Date filed
2/17/2022, 04:33 PM
Previous filing
Feb 14, 2022
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOD Common Stock Purchase $23.9K +441 +0.04% $54.16 1.17M Feb 15, 2022 See Footnotes F1, F2, F3
transaction KOD Common Stock Purchase $290K +5.36K +0.04% $54.16 14.4M Feb 15, 2022 See Footnotes F1, F2, F4
transaction KOD Common Stock Purchase $105K +1.96K +0.17% $53.73 1.17M Feb 16, 2022 See Footnotes F1, F2, F3, F5
transaction KOD Common Stock Purchase $1.28M +23.8K +0.17% $53.73 14.4M Feb 16, 2022 See Footnotes F1, F2, F4, F5
transaction KOD Common Stock Purchase $287K +5.28K +0.45% $54.26 1.17M Feb 16, 2022 See Footnotes F1, F2, F3, F6
transaction KOD Common Stock Purchase $3.48M +64.1K +0.45% $54.26 14.5M Feb 16, 2022 See Footnotes F1, F2, F4, F6
transaction KOD Common Stock Purchase $22.9K +426 +0.04% $53.82 1.17M Feb 17, 2022 See Footnotes F1, F2, F3, F7
transaction KOD Common Stock Purchase $278K +5.17K +0.04% $53.82 14.5M Feb 17, 2022 See Footnotes F1, F2, F4, F7
transaction KOD Common Stock Purchase $1.22M +22.4K +1.91% $54.57 1.2M Feb 17, 2022 See Footnotes F1, F2, F3, F8
transaction KOD Common Stock Purchase $14.8M +272K +1.88% $54.57 14.7M Feb 17, 2022 See Footnotes F1, F2, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Baker Bros. Advisors LP (the "Adviser") serves as the investment adviser to Baker Brothers Life Sciences, L.P. ("Life Sciences") and 667, L.P. ("667", and together with Life Sciences, the "Funds"). In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held by the Funds. Baker Bros. Advisors (GP) LLC (the "Adviser GP") is the Adviser's sole general partner. Julian C. Baker and Felix J. Baker are managing members of the Adviser GP. The Adviser has complete and unlimited discretion and authority with respect to the investment and voting power of the securities held by the Funds. The general partners of the Funds relinquished to the Adviser all discretion and authority with respect to the investment and voting power of the securities held by the Funds.
F2 Julian C. Baker, Felix J. Baker, the Adviser GP and the Adviser disclaim beneficial ownership of the securities held directly by the Funds except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of Julian C. Baker, Felix J. Baker, the Adviser GP or the Adviser is a beneficial owner of such securities for purposes of Section 16 or any other purpose.
F3 After giving effect to the transaction herein and as a result of their ownership interest in (i) Baker Biotech Capital, L.P. and (ii) 667, Julian C. Baker and Felix J. Baker each may be deemed to have an indirect pecuniary interest in common stock ("Common Stock") of Kodiak Sciences Inc. (the "Issuer") reported in column 5 of Table I directly held by 667, a limited partnership of which the sole general partner is Baker Biotech Capital, L.P., a limited partnership of which the sole general partner is Baker Biotech Capital (GP), LLC, due to their interest in 667 and Baker Biotech Capital, L.P.'s right to receive an allocation of a portion of the profits from 667.
F4 After giving effect to the transaction reported herein and as a result of their ownership interest in (i) Baker Brothers Life Sciences Capital L.P. and (ii) Life Sciences, Felix J. Baker and Julian C. Baker may be deemed to have an indirect pecuniary interest in Common Stock reported in column 5 of Table I beneficially owned by Life Sciences, a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital, L.P., a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital (GP), LLC, due to their interest in Life Sciences and Baker Brothers Life Sciences Capital, L.P.'s right to receive an allocation of a portion of the profits from Life Sciences.
F5 The price reported in Column 4 is a weighted average price. These shares of Common Stock of the Issuer were traded by the Funds in multiple transactions at prices ranging from $53.62 to $53.80, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "Staff"), upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were traded by the Funds in multiple transactions at prices ranging from $54.00 to $54.85, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were traded by the Funds in multiple transactions at prices ranging from $53.72 to $53.85, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were traded by the Funds in multiple transactions at prices ranging from $53.86 to $54.85, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the Staff, upon request, full information regarding the number of shares traded at each separate price within the range set forth in this footnote.

Remarks:

Felix J. Baker, a managing member of Baker Bros. Advisors (GP) LLC, the sole general partner of Baker Bros. Advisors LP, is a director of Kodiak Sciences Inc. (the "Issuer"). By virtue of their representation on the board of directors of the Issuer, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons are deemed directors by deputization of the Issuer.