Kardigan (NASDAQ:KARD) Director Arch Venture Partners Xiii, Ll Purchases 1,250,000 Shares

Kardigan, Inc. (NASDAQ:KARDGet Free Report) Director Arch Venture Partners Xiii, Ll purchased 1,250,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average cost of $16.00 per share, for a total transaction of $20,000,000.00. Following the purchase, the director directly owned 15,042,035 shares in the company, valued at approximately $240,672,560. This represents a 9.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kardigan Stock Down 0.9%

Shares of NASDAQ:KARD traded down $0.21 during midday trading on Wednesday, hitting $22.03. 471,317 shares of the stock were exchanged, 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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