secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak Sciences Inc. (KOD)
CIK:        0001468748
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001193125-21-300175
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468748/000119312521300175/0001193125-21-300175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468748/000119312521300175/d199316d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-300175

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer