SCHEDULE: ARK Investment Management Discloses 5.11% Stake in Kodiak AI

ARK Investment Management LLC and Catherine D. Wood have disclosed a beneficial ownership of 5.11% in Kodiak AI, Inc.'s common stock.

Summary

• ARK Investment Management LLC and Catherine D. Wood have jointly filed a Schedule 13G, reporting beneficial ownership in Kodiak AI, Inc.
• The filing indicates ownership of 919,593 shares of Kodiak AI, Inc. Common Stock, representing 5.11% of the class.
• The event requiring this filing occurred on September 30, 2025.
• ARK Investment Management LLC holds sole voting and dispositive power over all 919,593 shares.
• Catherine D. Wood holds shared voting and dispositive power over all 919,593 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Kodiak AI, Inc.
• A client of ARK, the ARK Autonomous Technology & Robotics ETF, has an interest in these securities exceeding 5 percent.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance. The act of a prominent investor taking a significant stake could be viewed positively by some.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from Kodiak AI, Inc. or the reporting persons regarding the issuer's future performance.

Management Comments

• Kellen Carter, Chief Compliance Officer of ARK Investment Management LLC, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Catherine D. Wood, Chief Executive Officer and Chief Investment Officer, provided the same certification.

Industry Context

This filing indicates a significant investment by a prominent asset manager, ARK Investment Management, known for its focus on disruptive innovation, in Kodiak AI, Inc. This suggests ARK's belief in the long-term potential of Kodiak AI within the technology and robotics sectors, aligning with broader industry trends of increasing investment in AI and automation.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by ARK Investment Management and Catherine D. Wood may influence investor perception and potentially the stock price of Kodiak AI, Inc., signaling confidence from a notable institutional investor.

Next Steps

• NA

Key Dates

Keywords

Kodiak AI, ARK Investment Management, Catherine D. Wood, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Autonomous Technology, Robotics ETF