Donald L. Burnette - 24 Sep 2025 Form 4 Insider Report for Kodiak Al, Inc. (KDK)

Signature
/s/ Bobby Brown, by power of attorney
Issuer symbol
KDK
Transactions as of
24 Sep 2025
Transactions value $
$0
Form type
4
Filing time
24 Sep 2025, 21:49:36 UTC

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Burnette Donald L. Chief Executive Officer, Director C/O KODIAK AI, INC., 1049 TERRA BELLA AVENUE, MOUNTAN VIEW /s/ Bobby Brown, by power of attorney 24 Sep 2025 0002080471
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KDK Common Stock Award +25.9M 25.9M 24 Sep 2025 Direct F1, F2
transaction KDK Common Stock Award +1.39M 1.39M 24 Sep 2025 See footnote F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KDK Stock Option (Right to buy) Award +1.02M 1.02M 24 Sep 2025 Common Stock 1.02M $6.84 Direct F1, F4, F5
transaction KDK Restricted Stock Units Award $0 +1.02M $0.00 1.02M 24 Sep 2025 Common Stock 1.02M Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of securities acquired in connection with the transactions consummated on September 24, 2025 pursuant to that certain Business Combination Agreement, dated April 14, 2025 (the "Business Combination Agreement"), by and among Kodiak AI, Inc. (f/k/a Ares Acquisition Corporation II) (the "Issuer"), AAC II Merger Sub, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub"), and Kodiak Robotics, Inc. ("Legacy Kodiak"), pursuant to which Merger Sub merged with and into Legacy Kodiak, with Legacy Kodiak as the surviving company and continuing as a wholly owned subsidiary of the Issuer (the "Business Combination").
F2 In connection with the closing of the Business Combination, each share of Legacy Kodiak common stock ("Legacy Kodiak Common Stock"), issued and outstanding immediately prior to the effective time of the merger was, pursuant to the Business Combination Agreement, canceled and converted into the right to receive a number of shares of Common Stock of the Issuer (the ratio of such conversion, the "Common Stock Exchange Ratio").
F3 The shares are held by Citizens Trust Company of Delaware, Trustee of the Burnette Family Irrevocable Trust dated August 11, 2025.
F4 1/8th of the shares subject to the option vest on December 30, 2025 and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F5 In connection with the closing of the Business Combination, each outstanding option to purchase shares of Legacy Kodiak Common Stock, whether vested or unvested, was exchanged for a comparable option to purchase that number of shares of Common Stock of the Issuer based on the Common Stock Exchange Ratio. The exercise price for each such option was also accordingly adjusted based on the Common Stock Exchange Ratio.
F6 These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock.
F7 The RSUs are subject to both (1) a performance-based vesting condition which will be satisfied as to 1/3rd of the RSUs if the Issuer's Common Stock achieves a price per share, for any period of 20 trading days out of 30 consecutive trading days occurring prior to the earlier of (i) September 24, 2029, or (ii) a change of control, that equals or exceeds the following thresholds, respectively: $18.00, $23.00 and $28.00 and (2) a service-based vesting condition, satisfied on substantially the same terms as the option vesting schedule described in footnote (4) above.