Form 4: Director Scott Tobin Receives RSU Grant at Kodiak AI

Director Scott Tobin was granted 31,758 restricted stock units in Kodiak AI, Inc. as part of his compensation package.

Summary

• Director Scott Tobin acquired 31,758 restricted stock units (RSUs) in Kodiak AI, Inc. on June 12, 2026.
• Each RSU represents a contingent right to receive one share of common stock.
• The RSUs are scheduled to vest on the earlier of the twelve-month anniversary of the grant date or the day before the next annual stockholder meeting, provided the director remains a service provider.
• The reporting person maintains significant indirect holdings through Battery Ventures XII, L.P. (11,140,899 shares) and Battery Investment Partners XII, LLC (215,770 shares).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and does not signal a change in company fundamentals.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.
• Continued commitment from a major institutional investor representative (Battery Ventures) to the company.

Negatives

• Dilutive impact of new RSU grants on existing shareholders, though the amount is relatively small.

Risks

• Vesting is contingent upon the director remaining a service provider to the company.
• Market volatility could impact the future value of the equity compensation.

Future Outlook

The RSUs will vest in approximately one year, subject to continued service, aligning the director's tenure with the company's upcoming annual meeting cycle.

Management Comments

• The reporting person disclaims beneficial ownership of the shares held by Battery Ventures entities except to the extent of his pecuniary interest.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard practice in the technology and AI sectors to ensure long-term retention and alignment with shareholder interests, particularly for directors associated with venture capital firms.

Comparison to Industry Standards

• The grant of RSUs to non-employee directors is consistent with standard corporate governance practices for publicly traded technology companies.
• The vesting schedule (one year or next annual meeting) is a common market standard for director equity compensation.

Corporate Governance

Related Party Transactions

• The reporting person is a managing member of the general partner of Battery Ventures XII, L.P. and Battery Investment Partners XII, LLC, which hold significant stakes in the company.

Stakeholder Impact

• Shareholders: Minimal impact; standard director compensation.
• Director: Increased equity stake in the company.

Next Steps

• Vesting of the 31,758 RSUs on the earlier of June 12, 2027, or the day before the next annual stockholder meeting.

Key Dates

Keywords

Kodiak AI, KDK, Director Compensation, Insider Trading, Restricted Stock Units, Battery Ventures