Cosmos Health (COSM) CEO swaps $175,000 debt for 353,321 shares
Rhea-AI Filing Summary
Cosmos Health Inc.'s Chief Executive Officer, director, and 10% owner Grigorios Siokas acquired additional common shares of the company through a debt exchange. On January 20, 2026, he obtained 353,321 shares of common stock at $0.4953 per share, described as the fair market value on that date. The shares were issued under a Debt Exchange Agreement in which $175,000 of debt the company owed to Mr. Siokas was exchanged for equity.
Following this transaction, Mr. Siokas beneficially owns 8,091,795 shares of Cosmos Health common stock in direct ownership. The filing characterizes the transaction with code "P" and notes that these shares are classified as Exchange Shares under the terms of the Debt Exchange Agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.001 | 353,321 | $0.4953 | $175K |
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 20, 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 $0.4953 per share, the fair market value of the Common Stock on January 20, 2026, in exchange for a total amount of $175,000 in debt the Company owed to Mr. Siokas.
FAQ
What insider transaction did COSM report for Grigorios Siokas?
Cosmos Health Inc. reported that CEO, director, and 10% owner Grigorios Siokas acquired 353,321 shares of common stock on January 20, 2026.
What is the role of Grigorios Siokas at Cosmos Health Inc. (COSM)?
Grigorios Siokas is a director, a 10% owner, and serves as the company’s Chief Executive Officer.
What does the Form 4 transaction code "P" indicate for the COSM filing?
The transaction is coded as "P", indicating a purchase of common stock, with further detail in the footnote that it occurred via a Debt Exchange Agreement.
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