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KODKodiak Sciences Inc. · Insider ownership research

Kodiak Sciences Inc. insiders sold $2.2M in the past 12 months. How much of their stake is that?

Insiders sold $2.2M in the past 12 months.100% was sold under disclosed trading plans. The largest seller, John Borgeson (Chief Financial Officer), sold $2.2M. 100% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$2.2M
largest seller, John Borgeson, past 12 months
100%
of sales were under disclosed trading plans, past 12 months
1 of 7
officers and directors sold shares, past 12 months
Is this normal? Less than usual: about one-fifth of the 5-year average. 1 insider sold; the average is 2 a year. Year by year
Latest filing: Filed Sep 29 for a vesting on Sep 25. Victor Perlroth had 1.28M shares vest or be exercised. Filing
SEC ownership filings: 19 filed in the 12 months to Oct 13, 2026; 190 on record since Oct 3, 2018 · See the evidence

What stands out

Routine activity: 100% of sales were under disclosed plans, and no insider sold more than 1% of vested holdings.

A share of stake is shown for 0 of the 1 officer or director who sold. 7 are left out

i
Left out: Victor Perlroth, John Borgeson, Bassil Dahiyat, Robert Profusek, Richard Levy, Taiyin Yang and Charles Bancroft (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

John Borgeson
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.2MDisclosed plan
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMarApr 2026: $1.2M under a disclosed plan$1.2MAprMayJun 2026: $1.0M under a disclosed planJunJulAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Jun 4, 2026John Borgeson sold 30K shares ($1.0M) under a disclosed trading plan. 30K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
John Borgeson
Chief Financial Officer
30,000$34.10n/an/aJun 4, 2026Jun 5, 2026

Outside holders, reported separately

BAKER BROS. ADVISORS LP reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Kodiak Sciences Inc. CEO selling stock?

No. Victor Perlroth reported no open-market sales in the past 12 months.

Why are Kodiak Sciences Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any Kodiak Sciences Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
John Borgeson
Chief Financial Officer
$2.2M
60K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan

Outside holder, reported separately: BAKER BROS. ADVISORS LP (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture0 of 7 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Victor Perlroth
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Victor Perlroth are complete.
Chairman and CEO, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Victor Perlroth

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Victor Perlroth are complete; balances and unit counts will be added when the check is finished.

−13Kgifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
406,000$2.49Aug 4, 2034$33.9M
340,000$3.95Jul 3, 2035$27.9M
175,000$25.00Mar 17, 2036$10.7M
100,000$42.42Jul 14, 2036$4.3M

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

John Borgeson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Borgeson are complete.
Chief Financial Officer
n/a−60Kn/an/a
Vesting, gifts, unvested awards and holding lines for John Borgeson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Borgeson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
334,500$2.49Aug 4, 2034$27.9M
250,000$3.95Jul 3, 2035$20.5M
66,500$42.42Jul 14, 2036$2.9M

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

Bassil Dahiyat
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Bassil Dahiyat are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Bassil Dahiyat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Bassil Dahiyat are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$2.35Jun 27, 2034$3.3M
40,000$3.73Jun 29, 2035$3.3M
17,731$38.96Jun 29, 2036$832K

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

Robert Profusek
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Robert Profusek are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Robert Profusek

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Profusek are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$2.35Jun 27, 2034$3.3M
40,000$3.73Jun 29, 2035$3.3M
17,731$38.96Jun 29, 2036$832K

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

Richard Levy
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Richard Levy are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Richard Levy

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Richard Levy are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$2.35Jun 27, 2034$3.3M
40,000$3.73Jun 29, 2035$3.3M
17,731$38.96Jun 29, 2036$832K

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

Taiyin Yang
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Taiyin Yang are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Taiyin Yang

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Taiyin Yang are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$2.35Jun 27, 2034$3.3M
40,000$3.73Jun 29, 2035$3.3M
17,731$38.96Jun 29, 2036$832K

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

Charles Bancroft
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Bancroft are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Charles Bancroft

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Bancroft are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
40,000$2.35Jun 27, 2034$3.3M
40,000$3.73Jun 29, 2035$3.3M
17,731$38.96Jun 29, 2036$832K

Estimate: options held × ($85.89 − strike price), using the most recent insider trade price on Form 4 (Sep 29, 2026), not a market close.

Holdings and share of stake for Kodiak Sciences Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$2.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $2.2M across 60,000 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status
SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
John Borgeson
Chief Financial Officer
60K$2.2M100%100%Apr 2, 2026 to Jun 4, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$1.2M$1.2M$0$0
May 2026$0$0$0$0
Jun 2026$1.0M$1.0M$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 1 insider sold; the average is 2 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
60K1$2.2M
Oct 13, 2025
1 year earlier
7231$3K
Oct 13, 2024
2 years earlier
4.4K1$12K
Oct 14, 2023
3 years earlier
7.6K2$71K
Oct 14, 2022
4 years earlier
1.38M3$14.9M
Oct 14, 2021
5 years earlier
128K2$15.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty7 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Kodiak Sciences Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology190 filings on record, 19 filed in the 12-month period, and how we read them

All 190 Forms 3, 4 and 5 on record for Kodiak Sciences Inc. (SEC CIK 1468748), filed from Oct 3, 2018 to Sep 30, 2026; 19 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (2)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Jason EhrlichJun 27, 202361,924 shares, last reported balance as of Jun 16, 2023
Hong LiangApr 6, 2020130,166 shares, last reported balance as of Apr 2, 2020

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