This filing confirms ARCH Venture's substantial pre-IPO stake in Kardigan. The automatic conversion of preferred shares upon IPO effectiveness is standard. Monitor the IPO pricing and any lock-up agreements for potential selling pressure post-IPO.
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Executive Summary
Form 3 initial beneficial ownership filing for Kardigan, Inc. (KARD) by ARCH Venture Fund XIII, L.P. and affiliated entities/individuals, disclosing pre-IPO holdings including ~13.8M common shares (converted from preferred stock on a 1.5928:1 basis) and a warrant for 876,040 shares at $13.42. This is a routine disclosure triggered by the upcoming IPO and does not reflect any transaction or change in ownership.
Key Facts
- ARCH Venture Fund XIII, L.P. directly holds 8,200,669 common shares (converted from Series A Preferred), 1,917,731 common shares (from Series B Preferred), and 3,673,635 common shares (from Series B-1 Preferred).
- ARCH Venture Fund XIII also holds a warrant to purchase 876,040 shares of common stock at $13.42 per share, expiring September 4, 2035, exercisable upon achievement of certain market valuation thresholds.
- Preferred shares automatically convert into common stock on a 1.5928:1 basis upon effectiveness of the issuer's S-1 registration statement for its initial public offering.
- Reporting owners include ARCH Venture Partners XIII, L.P., ARCH Venture Partners XIII, LLC, and four individual managing directors (Keith Crandell, Robert Nelsen, Steven Gillis, Kristina Burow), all disclaiming beneficial ownership except for pecuniary interest.
Financial Impact
No financial impact from this filing; it is a passive disclosure of pre-IPO holdings.
Risk Factors
- No material risks from this routine filing.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001193125-26-274900 |
| Document: 0001193125-26-274900-index.html | 0001193125-26-274900 |
| Document: 0001193125-26-274900.txt | 0001193125-26-274900 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | SC 13D/A | $14.79 | awaiting T+60 | — | $12.63 (−14.60%) |
Sep 30, 2026 26d ago | 8-K | $14.75 | awaiting T+60 | — | $12.63 (−14.37%) |
Aug 11, 2026 10w ago | 8-K | $22.06 | awaiting T+60 | — | $12.63 (−42.75%) |
Jun 24, 2026 17w ago | Insider Cluster | $22.58 $16.64 | ▼ −26.31% | ▼ −30.04% | $12.63 (−44.07%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
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