Form 4: TAYLOR GLEN A reports purchase transactions in COCH
Rhea-AI Filing Summary
TAYLOR GLEN A reported open-market purchase transactions in a Form 4 filing for COCH. The filing lists transactions totaling 48,750,000 shares at a weighted average price of $0.40 per share. Following the reported transactions, holdings were 11,250,000 shares.
Positive
- None.
Negative
- None.
Insights
Large insider purchases increase this 10% holder’s direct and warrant exposure.
Glen A. Taylor, identified as a 10% owner of Envoy Medical, bought 18,750,000 Class A shares at $0.40 on 02/12/2026. He also acquired 11,250,000 Series A-1 and 18,750,000 Series A-2 warrants with a $0.40 exercise price, materially expanding his potential stake.
The warrants only become exercisable after stockholders approve issuing the underlying shares, and they expire based on the stockholder approval date and specific FDA milestones for the Acclaim cochlear implant. Actual dilution and ownership outcomes therefore depend on future stockholder approval and regulatory events rather than this filing alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrant Shares (Series A-1) | 11,250,000 | $0.00 | -- |
| Purchase | Warrant Shares (Series A-2) | 18,750,000 | $0.00 | -- |
| Purchase | Class A Common Stock | 18,750,000 | $0.40 | $7.50M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The Reporting Person is the owner and chairman of Taylor Sports Group. GAT Funding, LLC is an entity controlled by Reporting Person. The Series A-1 Warrants and Series A-2 Warrants (the "Common Warrants") will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares upon exercise of the Common Warrants (the "Stockholder Approval Date"). The Series A-1 Warrants expire on the earlier of (i) the twenty-four month anniversary of the Stockholder Approval Date and (ii) thirty days following the date the Company publicly announces that it has submitted a Premarket Approval Application (PMA) to the U.S. Food and Drug Administration for its Acclaim cochlear implant (the "Series A-1 Milestone Event"). The Series A-2 Warrants expire on the earlier of (i) the sixty-month anniversary of the Stockholder Approval Date and (ii) thirty days following the date the Company publicly announces that it has received U.S. Food and Drug Administration approval for its Acclaim cochlear implant (the "Series A-2 Milestone Event").