Cosmos Health (NASDAQ: COSM) CEO swaps $140,000 debt for 766,284 new shares
Rhea-AI Filing Summary
Siokas Grigorios reported reported purchase transactions in this Form 4 filing.
Cosmos Health Inc. Chief Executive Officer and 10% owner Grigorios Siokas acquired 766,284 shares of common stock at $0.1827 per share on July 29, 2026 under a Debt Exchange Agreement. He received these Exchange Shares in return for $140,000 of company debt owed to him, increasing his direct holdings to 14,248,092 shares.
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Insights
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Insider Trade Summary
Net Buyer: 766,284 shares
Net Buy
1 txn
Insider
Siokas Grigorios
Role
Chief Executive Officer
Bought
766,284 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.001 F1 | 766,284 | $0.1827 | $140K |
Holdings After Transaction:
Common Stock, par value $.001 — 14,248,092 shares (Direct)
Footnotes (1)
- F1. Pursuant to a debt exchange agreement by and between Grigorios Siokas, the Company's CEO and the Company (the "Debt Exchange Agreement"), dated as of July 29, 2026, these shares are Exchange Shares (as defined in the Debt Exchange Agreement) being acquired by Mr. Siokas at the Exchange Rate (as defined in the Debt Exchange Agreement) of $0.1827 per share, the fair market value of the Common Stock on July 29, 2026, in exchange for a total amount of $140,000 in debt the Company owed to Mr. Siokas.
Key Figures
Shares acquired: 766,284 shares
Exchange Rate: $0.1827 per share
Debt exchanged: $140,000
+2 more
5 metrics
Shares acquired
766,284 shares
Exchange Shares received by CEO Grigorios Siokas under the Debt Exchange Agreement
Exchange Rate
$0.1827 per share
Fair market value of common stock on July 29, 2026 used in the debt exchange
Debt exchanged
$140,000
Total amount of company debt owed to Mr. Siokas converted into Exchange Shares
Shares owned after transaction
14,248,092 shares
Direct common stock holdings of Grigorios Siokas following the exchange
Agreement date
July 29, 2026
Date of the Debt Exchange Agreement setting the fair market value and Exchange Rate
Key Terms
Debt Exchange Agreement, Exchange Shares, Exchange Rate, fair market value
4 terms
Debt Exchange Agreement financial
"Pursuant to a <b>debt exchange agreement</b> by and between Grigorios Siokas..."
Exchange Rate financial
"being acquired by Mr. Siokas at the <b>Exchange Rate</b> of $0.1827 per share"
Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.
fair market value financial
"the Exchange Rate of $0.1827 per share, the <b>fair market value</b> of the Common Stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Cosmos Health (COSM) report for CEO Grigorios Siokas?
CEO Grigorios Siokas acquired 766,284 shares of Cosmos Health common stock at $0.1827 per share under a Debt Exchange Agreement, canceling $140,000 of company debt owed to him and raising his direct ownership to 14,248,092 shares.
What is the value of debt exchanged in the Cosmos Health (COSM) CEO’s Form 4 transaction?
The CEO exchanged $140,000 in debt that Cosmos Health owed to him for 766,284 Exchange Shares. This debt-for-equity swap used an Exchange Rate of $0.1827 per share, corresponding to the stated fair market value on July 29, 2026.