Soros Fund Management discloses 5.7% stake in Kodiak AI

Soros Fund Management LLC and George Soros filed a Schedule 13G with the Securities and Exchange Commission disclosing beneficial ownership of 9,967,978 shares of Kodiak AI, Inc. common stock, representing 5.7% of the company's outstanding shares.

The filing indicates the shares are held through investment accounts managed by Soros Fund Management, including Quantum Partners LP and other funds. Soros Fund Management serves as investment manager to these accounts and has investment discretion over the holdings. George Soros serves as Chairman of Soros Fund Management.

The ownership percentage is calculated based on 174,957,392 shares of common stock outstanding, which excludes 6,250,000 sponsor earnout shares that are subject to vesting conditions, according to the filing.

Kodiak AI is a Delaware corporation headquartered in Mountain View, California. The company's common stock has a par value of $0.0001 per share and carries the CUSIP number 500081104.

The filing was made under Rule 13d-1(c) and indicates the shares were not acquired for the purpose of changing or influencing control of the issuer. Both reporting parties hold shared voting and dispositive power over the shares, with no sole voting or dispositive power reported.

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