Paul L. Berns, Director, 10% Owner at Kardigan, Inc. (KARD), bought 1,250,000 shares at $16.00 ($20.0M) on 2026-06-22, disclosed to the SEC on 2026-06-24.
Kardigan Director Paul L. Berns purchased $20 million of stock at $16.00 per share, marking the largest insider purchase in the company's history. This significant capital commitment suggests strong conviction in the company's post-IPO momentum and long-term value.
Following a 27% surge on its Nasdaq debut, shares closed at $22.00 on June 21, representing a 37.5% one-day gain and a 37.5% year-to-date return. The stock is currently trading near its recent high of $22.00, just above the insider purchase price of $16.00.
The company raised $400 million in its IPO on June 18, providing capital for growth. Analysts are reassessing valuation following a 37.5% one-day surge on June 21. The insider purchase of $20 million is the largest in the company's history, signaling strong conviction.
The stock price of $22.00 raises fresh valuation questions according to analysis on June 21. The NYSE Healthcare Index declined 0.9% on June 18, indicating sector-wide pressure.
Nothing distinguishes this filing.
| Filing → |
| NMRA | SELL | 2025-02-20 | $23K | — | Filing → |
| MTSR | BUY | 2025-02-03 | $14.2M | — | Filing → |
| JAZZ | SELL | 2021-08-09 | $223K | — | Filing → |