---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-300175"
form_type: "8-K"
ticker: "KOD"
cik: "0001468748"
company_name: "Kodiak Sciences Inc."
filed_at: "2021-10-15T23:59:59+00:00"
generated_at: "2026-06-28T20:31:58.592103+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-300175
- form_type: 8-K
- ticker: KOD
- cik: 0001468748
- company_name: Kodiak Sciences Inc.
- filed_at: 2021-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468748/000119312521300175/0001193125-21-300175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468748/000119312521300175/d199316d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-300175
- JSON: https://secwatch.observer/filing/0001193125-21-300175.json
- Plain text: https://secwatch.observer/filing/0001193125-21-300175.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.