Cosmos Health (COSM) CFO swaps $42K company debt for 168,135 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Terzis Georgios reported open-market purchase transactions in this Form 4 filing.
Cosmos Health Inc. Chief Financial Officer Georgios Terzis acquired 168,135 shares of common stock at $0.2498 per share through a debt-for-equity exchange. Under a Debt Exchange Agreement dated June 16, 2026, $42,000 of debt the company owed to him was converted into these shares.
Following this transaction, Terzis directly holds 2,235,398 Cosmos Health common shares. The transaction reflects an insider increasing his equity stake while eliminating a portion of the company’s outstanding debt obligation to him at the fair market value as of June 16, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 168,135 shares ($42,000)
Net Buy
1 txn
Insider
Terzis Georgios
Role
Chief Financial Officer
Bought
168,135 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.001 | 168,135 | $0.2498 | $42K |
Holdings After Transaction:
Common Stock, par value $.001 — 2,235,398 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 168,135 shares
Exchange price: $0.2498 per share
Debt cancelled: $42,000
+1 more
4 metrics
Shares acquired
168,135 shares
Debt-for-equity exchange to CFO
Exchange price
$0.2498 per share
Fair market value on June 16, 2026
Debt cancelled
$42,000
Company debt owed to CFO exchanged for shares
Post-transaction holdings
2,235,398 shares
CFO direct ownership after exchange
Key Terms
Debt Exchange Agreement, Exchange Shares, fair market value, Common Stock, par value $.001
4 terms
Debt Exchange Agreement financial
"Pursuant to a debt exchange agreement by and between Georgios Terzis, the Company's CFO and the Company (the "Debt Exchange Agreement"), dated as of June 16, 2026"
fair market value financial
"at the Exchange Rate ... of $0.2498 per share, the fair market value of the Common Stock on June 16, 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.
Common Stock, par value $.001 financial
"security_title": "Common Stock, par value $.001""
FAQ
What did Cosmos Health (COSM) disclose about its CFO in this Form 4?
Cosmos Health reported that CFO Georgios Terzis acquired 168,135 common shares. The shares were obtained via a debt-for-equity exchange, where $42,000 of company debt owed to him was converted at $0.2498 per share, increasing his direct ownership stake.
Was cash paid in the Cosmos Health (COSM) CFO’s Form 4 transaction?
No cash changed hands in this transaction. Instead, $42,000 of debt that Cosmos Health owed to CFO Georgios Terzis was converted into 168,135 common shares at $0.2498 per share under a Debt Exchange Agreement dated June 16, 2026.
What is the Debt Exchange Agreement mentioned in the Cosmos Health (COSM) filing?
The Debt Exchange Agreement is an arrangement between Cosmos Health and CFO Georgios Terzis dated June 16, 2026. It provides for issuing Exchange Shares at $0.2498 per share, cancelling $42,000 of debt owed by the company to Terzis in return.