Insider Buying: Kardigan (NASDAQ:KARD) Director Buys $20,000,000.00 in Stock

Kardigan, Inc. (NASDAQ:KARDGet Free Report) Director Arch Venture Partners Xiii, Ll acquired 1,250,000 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were acquired at an average price of $16.00 per share, for a total transaction of $20,000,000.00. Following the completion of the acquisition, the director directly owned 15,042,035 shares in the company, valued at $240,672,560. The trade was a 9.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kardigan Stock Down 0.9%

Shares of KARD traded down $0.21 during trading on Wednesday, reaching $22.03. The company’s stock had a trading volume of 471,317 shares, compared to its average volume of 647,368. Kardigan, Inc. has a twelve month low of $16.25 and a twelve month high of $24.86.

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