Battery Ventures XII, L.P. and Affiliates File Schedule 13D for Kodiak AI, Inc.

Battery Ventures XII, L.P. (BV12), Battery Investment Partners XII, LLC (BIP12), Battery Partners XII, LLC (BP12), and their managing members have filed a Schedule 13D with the SEC, disclosing their ownership of common stock in Kodiak AI, Inc. The filing indicates that BV12 and BIP12 collectively own approximately 6.2% of Kodiak AI's common stock, acquired through investments in Legacy Kodiak prior to its merger with Kodiak AI. The filing also details the terms of the Business Combination Agreement, including the issuance of Earn Out Shares and restricted stock units (RSUs) contingent on the achievement of certain stock price milestones. The Reporting Persons have stated that their investment is for the purpose of increasing the value of their holdings and may adjust their positions based on market conditions and the company's performance. Scott R. Tobin, a managing member of BP12, serves on Kodiak AI's board of directors, potentially influencing corporate activities.