Cosmos Health (NASDAQ: COSM) CEO swaps $70K debt for 349,825 shares
Rhea-AI Filing Summary
Siokas Grigorios reported reported purchase transactions in this Form 4 filing.
Cosmos Health Inc. CEO and director Grigorios Siokas acquired 349,825 shares of common stock at $0.2001 per share pursuant to a Debt Exchange Agreement dated July 30, 2026, cancelling $70,000 of debt owed to him.
Following this transaction, he directly holds 14,597,917 shares of Cosmos Health common stock. The exchange rate equals the fair market value of the common stock on July 30, 2026, and the transaction was not indicated as being under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 349,825 shares
Net Buy
1 txn
Insider
Siokas Grigorios
Role
Chief Executive Officer
Bought
349,825 shs ($70K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.001 F1 | 349,825 | $0.2001 | $70K |
Holdings After Transaction:
Common Stock, par value $.001 — 14,597,917 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 30, 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 $0.2001 per share, the fair market value of the Common Stock on July 30, 2026, in exchange for a total amount of $70,000 in debt the Company owed to Mr. Siokas.
Key Figures
Shares acquired: 349,825 shares
Exchange rate: $0.2001 per share
Debt exchanged: $70,000
+1 more
4 metrics
Shares acquired
349,825 shares
Common stock obtained by CEO Grigorios Siokas in the reported transaction
Exchange rate
$0.2001 per share
Price used to convert company debt into common stock, equal to fair market value on July 30, 2026
Debt exchanged
$70,000
Total amount of company debt to the CEO converted into shares under the Debt Exchange Agreement
Post-transaction holdings
14,597,917 shares
Total Cosmos Health common shares directly held by the CEO after the transaction
Key Terms
Debt Exchange Agreement, Exchange Shares, fair market value
3 terms
Debt Exchange Agreement financial
"Pursuant to a debt exchange agreement by and between Grigorios Siokas"
fair market value financial
"at the Exchange Rate of $0.2001 per share, the fair market value"
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 COSM CEO Grigorios Siokas report?
Grigorios Siokas reported acquiring 349,825 shares of Cosmos Health common stock. The shares were obtained at $0.2001 per share through a debt-for-equity exchange that cancelled $70,000 of debt the company owed to him.
Was the COSM insider transaction made under a Rule 10b5-1 trading plan?
The transaction was not indicated as being made under a Rule 10b5-1 trading plan. The filing’s trading-plan checkbox is not marked as applicable to this debt-for-equity exchange by the Cosmos Health CEO.