KODIAK AI INC.

Ticker: KDKRW CUSIP: 500081112 Class: *W EXP 09/25/203

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (6)

BOOTHBAY FUND MANAGEMENT, LLC

Value ($000) $4,701 Shares 430,479

RIVERNORTH CAPITAL MANAGEMENT, LLC

Value ($000) $563 Shares 367,930

Ionic Capital Management LLC

Value ($000) $155 Shares 101,015

BARCLAYS PLC

Value ($000) $306 Shares 200,000

DLD Asset Management, LP

Value ($000) $25 Shares 16,236

UBS Group AG

Value ($000) $3 Shares 2,053

Institution	Shares	Value ($000)
BOOTHBAY FUND MANAGEMENT, LLC	430,479	$4,701
RIVERNORTH CAPITAL MANAGEMENT, LLC	367,930	$563
Ionic Capital Management LLC	101,015	$155
BARCLAYS PLC	200,000	$306
DLD Asset Management, LP	16,236	$25
UBS Group AG	2,053	$3

Increased Positions (5)

METEORA CAPITAL, LLC

Value ($000) $4,559 (+619.6%) Shares 2,979,478 (+400.9%)

CSS LLC/IL

Value ($000) $1,222 (+302.8%) Shares 744,914 (+161.5%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $696 (+2075.9%) Shares 454,884 (+1414.6%)

Hudson Bay Capital Management LP

Value ($000) $775 (+221.0%) Shares 506,840 (+123.5%)

LMR Partners LLP

Value ($000) $4,450 (+53.7%) Shares 2,908,454 (+7.0%)

Institution	Prev Shares	Curr Shares	Change
METEORA CAPITAL, LLC	594,868	2,979,478	+2,384,610 (+400.9%)
CSS LLC/IL	284,810	744,914	+460,104 (+161.5%)
WOLVERINE ASSET MANAGEMENT LLC	30,033	454,884	+424,851 (+1414.6%)
Hudson Bay Capital Management LP	226,800	506,840	+280,040 (+123.5%)
LMR Partners LLP	2,718,117	2,908,454	+190,337 (+7.0%)

Decreased Positions (9)

AQR Arbitrage LLC

Value ($000) $572 (-30.5%) Shares 373,784 (-51.6%)

HIGHBRIDGE CAPITAL MANAGEMENT LLC

Value ($000) $606 (-8.4%) Shares 395,813 (-36.2%)

K2 PRINCIPAL FUND, L.P.

Value ($000) $266 (-1.4%) Shares 173,851 (-31.0%)

Sculptor Capital LP

Value ($000) $158 (-56.9%) Shares 103,400 (-69.9%)

Shaolin Capital Management LLC

Value ($000) $306 (-4.2%) Shares 200,000 (-33.3%)

ARISTEIA CAPITAL, L.L.C.

Value ($000) $1,260 (+30.3%) Shares 826,071 (-9.0%)

Boussard & Gavaudan Investment Management LLP

Value ($000) $170 (+36.2%) Shares 100,000 (-16.7%)

Periscope Capital Inc.

Value ($000) $27 (+25.7%) Shares 17,500 (-12.5%)

FNY Investment Advisers, LLC

Value ($000) $0 (+30.0%) Shares 9,000 (-10.0%)

Institution	Prev Shares	Curr Shares	Change
AQR Arbitrage LLC	772,258	373,784	-398,474 (-51.6%)
HIGHBRIDGE CAPITAL MANAGEMENT LLC	620,527	395,813	-224,714 (-36.2%)
K2 PRINCIPAL FUND, L.P.	252,130	173,851	-78,279 (-31.0%)
Sculptor Capital LP	343,695	103,400	-240,295 (-69.9%)
Shaolin Capital Management LLC	300,000	200,000	-100,000 (-33.3%)
ARISTEIA CAPITAL, L.L.C.	908,147	826,071	-82,076 (-9.0%)
Boussard & Gavaudan Investment Management LLP	120,000	100,000	-20,000 (-16.7%)
Periscope Capital Inc.	20,000	17,500	-2,500 (-12.5%)
FNY Investment Advisers, LLC	10,000	9,000	-1,000 (-10.0%)

Exited Positions (7)

Wealthspring Capital LLC

Value ($000) $728 Shares 683,758

Fort Baker Capital Management LP

Value ($000) $148 Shares 138,799

Skaana Management L.P.

Value ($000) $32 Shares 30,100

Walleye Capital LLC

Value ($000) $43 Shares 39,914

TORONTO DOMINION BANK

Value ($000) $1 Shares 689

PICTON MAHONEY ASSET MANAGEMENT

Value ($000) $0 Shares 73,880

HRT FINANCIAL LP

Value ($000) $0 Shares 13,559

Institution	Prev Shares	Prev Value ($000)
Wealthspring Capital LLC	683,758	$728
Fort Baker Capital Management LP	138,799	$148
Skaana Management L.P.	30,100	$32
Walleye Capital LLC	39,914	$43
TORONTO DOMINION BANK	689	$1
PICTON MAHONEY ASSET MANAGEMENT	73,880	$0
HRT FINANCIAL LP	13,559	$0