Victor Perlroth - Feb 24, 2022 Form 4 Insider Report for Kodiak Sciences Inc. (KOD)

Signature
/s/ David Peinsipp, Attorney-in-Fact for Victor Perlroth
Stock symbol
KOD
Transactions as of
Feb 24, 2022
Transactions value $
-$12,257,688
Form type
4
Date filed
2/28/2022, 06:08 PM
Previous filing
Feb 18, 2022
Next filing
Jul 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KOD Common Stock Sale -$9.2M -1M -28.51% $9.20 2.51M Feb 24, 2022 Direct F1, F2
transaction KOD Common Stock Sale -$3.06M -340K -13.56% $8.99 2.17M Feb 25, 2022 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,000,000 shares of common stock owned by the Reporting Person were pledged as collateral to secure obligations under a loan entered into in connection with a previously disclosed Stipulation for Settlement with the Reporting Person's spouse. The sales reported in this Form 4 were sold pursuant to a contractual enforcement action, pursuant to which the pledgee bank unilaterally liquidated the shares. The Reporting Person was not involved in the determination to sell such shares.
F2 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $8.95 to $9.49, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in these footnotes.
F3 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $8.72 to $9.40, inclusive.