Cosmos Health (NASDAQ: COSM) CEO gets 701K shares for $160K debt
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Siokas Grigorios reported open-market purchase transactions in this Form 4 filing.
Cosmos Health Inc. Chief Executive Officer Grigorios Siokas acquired 701,447 shares of common stock at $0.2281 per share. Instead of paying cash, the shares were received under a Debt Exchange Agreement dated June 10, 2026, in exchange for $160,000 of debt the company owed him.
Following this transaction, Mr. Siokas directly holds 13,263,361 shares of Cosmos Health common stock. The share price used in the exchange reflects the fair market value of the stock on June 10, 2026, as defined in the agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 701,447 shares ($160,000)
Net Buy
1 txn
Insider
Siokas Grigorios
Role
Chief Executive Officer
Bought
701,447 shs ($160K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.001 | 701,447 | $0.2281 | $160K |
Holdings After Transaction:
Common Stock, par value $.001 — 13,263,361 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 701,447 shares
Exchange price: $0.2281 per share
Debt exchanged: $160,000
+2 more
5 metrics
Shares acquired
701,447 shares
Common stock received under Debt Exchange Agreement
Exchange price
$0.2281 per share
Fair market value on June 10, 2026
Debt exchanged
$160,000
Company debt owed to CEO converted into shares
Post-transaction holdings
13,263,361 shares
CEO’s direct Cosmos Health common stock after transaction
Buy transactions
1 transaction, 701,447 shares
Net-buy direction in transaction summary
Key Terms
Debt Exchange Agreement, Exchange Shares, fair market value, open-market purchase
4 terms
Debt Exchange Agreement financial
"Pursuant to a debt exchange agreement by and between Grigorios Siokas, the Company's CEO and the Company (the "Debt Exchange Agreement"),"
fair market value financial
"at the Exchange Rate (as defined in the Debt Exchange Agreement) of $0.2281 per share, the fair market value of the Common Stock on June 10, 2026,"
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.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What did Cosmos Health (COSM) CEO Grigorios Siokas transact in this Form 4?
Cosmos Health CEO Grigorios Siokas acquired 701,447 common shares. The shares were issued under a Debt Exchange Agreement in exchange for $160,000 of company debt owed to him, using a $0.2281 per-share fair market value.
Was the Cosmos Health (COSM) CEO’s Form 4 transaction a cash purchase?
The transaction was not a cash purchase. The CEO received 701,447 Exchange Shares under a Debt Exchange Agreement, canceling $160,000 of company debt owed to him at a fair market value of $0.2281 per share instead of paying cash.