SCHEDULE: Paz Eshel Trust Discloses 9.4% Stake in Kodiak AI

Paz Michael Eshel and the Paz Eshel Living Trust have jointly reported a 9.4% beneficial ownership stake in Kodiak AI, Inc. common stock.

Summary

• Paz Michael Eshel and the Paz Eshel Living Trust (Reporting Persons) have jointly filed a Schedule 13G.
• They beneficially own 17,075,095 shares of Kodiak AI, Inc. Common Stock.
• This ownership represents 9.4% of the outstanding Common Stock of Kodiak AI, Inc.
• The shares are held by the Paz Eshel Living Trust, with Mr. Eshel serving as the sole trustee and possessing the right to revoke the Trust.
• Both reporting persons have shared voting and shared dispositive power over all 17,075,095 shares.
• The percentage of class is calculated based on 181,207,392 shares of Common Stock outstanding as of September 24, 2025, as reported in the Issuer's Form 8-K dated September 30, 2025.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Kodiak AI, Inc.

Sentiment

Score: 6

Explanation: The filing is a standard disclosure of a significant passive ownership stake, indicating a substantial investment by Paz Michael Eshel and the Paz Eshel Living Trust in Kodiak AI, Inc. without intent to influence control. This is generally a neutral to slightly positive signal of investor confidence.

Positives

• A significant investor, Paz Michael Eshel and the Paz Eshel Living Trust, has disclosed a substantial 9.4% stake in Kodiak AI, Inc., potentially signaling confidence in the company's long-term prospects.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance from Kodiak AI, Inc. or the reporting persons regarding the company's future performance or strategic direction.

Management Comments

• "I certify that, to the best of my knowledge and belief, the securities referred to above 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

This filing is a standard disclosure of a significant passive ownership stake and does not provide specific insights into broader industry trends or competitive landscape for Kodiak AI, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive shareholder, which may be viewed as a signal of long-term investor confidence in Kodiak AI, Inc.

Key Dates

Recommendation

This Schedule 13G filing primarily serves as a disclosure of a significant passive ownership stake by Paz Michael Eshel and the Paz Eshel Living Trust in Kodiak AI, Inc. It indicates a substantial investment but explicitly states no intent to influence control. Without additional financial or operational updates from Kodiak AI, Inc., this filing alone does not provide sufficient new information to warrant a change from a 'hold' position. It confirms a large investor's continued confidence, which is a neutral to slightly positive signal.

Keywords

Kodiak AI, Common Stock, Schedule 13G, Beneficial Ownership, Passive Investment, Paz Eshel, Living Trust, SEC Filing, Equity Stake