Cosmos Health (COSM) CEO acquires 124,880 shares for debt exchange
Rhea-AI Filing Summary
Cosmos Health Inc. director, chief executive officer, and 10% owner Grigorios Siokas reported acquiring common stock through a debt-for-equity exchange. On January 7, 2026, he acquired 124,880 shares of common stock at $0.5205 per share, identified as Exchange Shares under a Debt Exchange Agreement with the company. The shares were issued in exchange for $65,000 of debt the company owed to him, effectively converting that obligation into equity rather than a cash payment. Following this transaction, he beneficially owned 6,975,604 shares of the company’s common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.001 | 124,880 | $0.5205 | $65K |
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 January 7, 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 $0.5205 per share, the fair market value of the Common Stock on January 7, 2026, in exchange for a total amount of $65,000 in debt the Company owed to Mr. Siokas.
FAQ
What insider transaction did Cosmos Health (COSM) report on this Form 4?
Grigorios Siokas, a director, chief executive officer, and 10% owner of Cosmos Health Inc., reported acquiring 124,880 shares of common stock on January 7, 2026.
Was the Cosmos Health Form 4 transaction a market purchase for cash?
No. The filing states that the 124,880 shares were issued under a Debt Exchange Agreement, exchanging $65,000 of debt owed by the company to Grigorios Siokas for equity.
What is the nature of the debt exchange between Cosmos Health and Grigorios Siokas?
Under the Debt Exchange Agreement dated January 7, 2026, Cosmos Health issued Exchange Shares to Grigorios Siokas at $0.5205 per share in exchange for cancelling $65,000 of debt the company owed to him.
What roles does Grigorios Siokas hold at Cosmos Health?
Grigorios Siokas is identified as a director, the company’s Chief Executive Officer, and a 10% owner of Cosmos Health Inc.
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