Form 4 | Kodiak Sciences directors and 10% owners Felix Baker and Julian Baker, via funds, purchased ~359,000 common shares (P).

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In this Form 4 filing, Felix J. Baker and Julian C. Baker, directors and 10% owners of Kodiak Sciences Inc. (KOD), reported multiple open-market purchases of common stock executed via their funds 667, L.P. and Baker Brothers Life Sciences LP on September 28–29, 2026. Individual trades ranged from hundreds of shares to nearly 200,000 shares, at weighted-average prices broadly between $84 and $90, totaling approximately 359,000 shares acquired. Following these transactions, the funds collectively own about 20.19 million shares, reinforcing their position as major shareholders. Such sizeable and continued buying by key shareholders generally signals confidence in the company’s long-term prospects and can be interpreted as a supportive, mildly bullish factor for the stock, though investors should still weigh fundamentals, valuation, and sector risks.

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