SCHEDULE: Alyeska Investment Group Discloses 9.9% Stake in Kodiak AI

Alyeska Investment Group, L.P. and its affiliates have reported a 9.9% beneficial ownership stake in Kodiak AI's Class A Common Stock.

Summary

• Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh collectively beneficially own 18,102,618 shares of Kodiak AI's Class A Common Stock.
• This ownership represents 9.9% of the total outstanding Class A Common Stock of Kodiak AI.
• The reporting persons hold shared voting power and shared dispositive power over all 18,102,618 shares.
• The reported shares include Common Stock issuable upon the exercise of 15,318,625 PIPE Warrants, 5,155,518 Public Warrants, and 122,549 shares of Convertible Preferred Stock (convertible into 12,254,900 shares of Common Stock).
• Due to terms of the PIPE Warrants, Public Warrants, and Convertible Preferred, they can only be exercised or converted into shares that would constitute 9.99% of the total outstanding Common Stock immediately after issuance.
• The percentage calculation is based on 181,207,392 outstanding shares of Ordinary Shares of Kodiak AI, as reported in the Issuer's 10-Q filed on November 7, 2025.

Sentiment

Score: 7

Explanation: The disclosure of a significant institutional stake by Alyeska Investment Group is generally viewed as a positive signal, indicating confidence in Kodiak AI's value and prospects.

Positives

• A significant institutional investor, Alyeska Investment Group, has taken a substantial stake in Kodiak AI, indicating potential confidence in the company's future prospects.
• The investment group's beneficial ownership of 9.9% suggests a notable commitment to Kodiak AI.

Future Outlook

This filing does not contain forward-looking statements or guidance from Kodiak AI, as it is a disclosure of beneficial ownership by an external investment group.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

The disclosure of a significant stake by a prominent investment group like Alyeska in an AI-focused company like Kodiak AI aligns with broader industry trends of institutional investors seeking exposure to high-growth technology sectors, particularly those leveraging artificial intelligence.

Stakeholder Impact

• Shareholders may view this as a positive indicator of institutional confidence, potentially leading to increased investor interest and share price stability.
• The presence of a significant institutional investor could bring additional scrutiny and potentially influence corporate governance discussions, although the filing explicitly states the stake is not for influencing control.

Key Dates

Keywords

Kodiak AI, Alyeska Investment Group, Beneficial Ownership, Class A Common Stock, Institutional Investment, SEC Filing, Schedule 13G, PIPE Warrants, Public Warrants, Convertible Preferred Stock