Kodiak Sciences Inc. Schedule 13D/A Filing Summary

This filing is an amendment to a Schedule 13D related to Kodiak Sciences Inc. (KOD). Baker Bros. Advisors LP and its affiliates (Reporting Persons) have increased their beneficial ownership to 32.8% of the company's common stock. This increase is primarily due to the purchase of shares in a public offering on December 18, 2025, where the Reporting Persons acquired 2,608,696 shares. The filing also details existing stock options held by Felix J. Baker, a managing member of the Adviser GP and a director of Kodiak Sciences Inc. Additionally, Felix J. Baker has entered into a lock-up agreement, restricting the disposal of his shares until January 30, 2026. The Reporting Persons may continue to acquire or dispose of securities based on various market and business factors.