Kodiak shareholders approve 5.5M-share long-term incentive plan for executives

Kodiak Sciences Inc.

Shareholders voted 77% in favor (Bylaws Standard) to approve the 2021 Long-Term Performance Incentive Plan.
Plan reserves 5,502,334 shares; CEO Perlroth receives 2.18M options, CFO Borgeson and CMO Ehrlich each 500K.
Performance vesting tied to 7 stock price tranches ($200-$800/share) and operational milestones (BLA approvals, $2.5B sales).
Exercise price set at $88.21/share, 10-year term, with a 7-year performance period ending August 2028.
Eligible participants (Grade 10+ employees) forgo a portion of annual long-term awards in exchange for these options.

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