May 8, 2026 · Form 4 insider transaction
AAC II Holdings II LP bought 769,230 shares of Kodiak AI, Inc., a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 3 days after the transaction.
Pursuant to a subscription agreement between Kodiak AI, Inc. (the "Company") and AAC II Holdings II LP ( "AAC II Holdings"), dated May 7, 2026, for an aggregate subscription amount of $4,999,995, AAC II Holdings purchased (i) 769,230 shares of the Company's common stock, par value $0.0001 per share ("Common Stock") at a price per share of $6.50 per share, and (ii) an accompanying warrant to purchase 769,230 shares of Common Stock initially exercisable at $6.00 per share of Common Stock, which exercise price is subject to certain anti-dilution and other adjustments.; Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC ("Ares Voting") and Ares Management GP LLC ("Ares Management GP"), which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("Ares Management"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC ("Ares Holdco" and together with each of the foregoing entities, the "Ares Entities."), which is the general partner of Ares Holdings L.P. ("Ares Holdings").; Ares Holdings is the general partner of AAC II Holdings II LP. Each of the Ares Entities, Ares Holdings and AAC II Holdings may be deemed to share beneficial ownership of the securities directly held by AAC II Holdings but each of the foregoing disclaim beneficial ownership of such securities except to the extent of its respective pecuniary interest therein.; Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions. Each of these individuals expressly disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners, except to the extent of their respective pecuniary interest therein. The principal business office of the Ares Entities, Ares Holdings and AAC II Holdings is c/o Ares Management LLC, 245 Park Avenue, 44th Floor, New York, NY 10167.