PERLROTH VICTOR 4

What Happened

• Victor Perlroth, Chairman, CEO and Director of Kodiak Sciences (KOD), was granted a derivative award on 2026-03-18 covering 175,000 shares. The award was reported as acquired at $0.00 (no cash paid) and is a performance-based option/award that will only vest if specified stock-price targets are met by the performance measurement date.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-19 (timely filing).
• Award: 175,000 shares (derivative); reported acquisition price $0.00.
• Shares owned after transaction: not disclosed in the information provided.
• Vesting footnote (performance criteria): 30-day average stock price measured on June 30, 2027 (Performance Criteria Achievement Date):
  • < $25.00 = 0 shares vest;
  • ≥ $25.00 = 1/3 of shares vest;

  • $30.00 = 2/3 of shares vest;

  • $35.00 = 100% of shares vest;

  • Vesting also contingent on Perlroth’s status as a Service Provider on the PCAD.
• Transaction code: A = grant/award (performance-based derivative).

Context

• This is a performance-based award, not an immediate purchase — the shares become meaningful only if price and service conditions are met by 6/30/2027. No cash changed hands at grant. Such awards are common for executive compensation and are contingent on future stock performance; they are informative about long-term incentives but do not indicate immediate insider buying or selling.