STOCK TITAN

Innovative Food (NASDAQ: IVFH) backer holds 8.8M shares after shift

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INNOVATIVE FOOD HOLDINGS INC (IVFH) disclosed an insider ownership update involving entities associated with James C. Pappas and JCP Investment Management. On July 31, 2026, JCP Investment Management relinquished control over 105,491 shares of IVFH common stock held in certain managed accounts, reported as an indirect disposition coded as an "other acquisition or disposition" transaction.

Following this change, managed accounts of JCP Investment Management are reported as holding 1,513,001 IVFH shares indirectly, and JCP Investment Partnership, LP is reported as holding 8,796,230 IVFH shares indirectly. The reporting persons state they may be part of a Section 13(d) group owning more than 10% of IVFH and each disclaims beneficial ownership beyond their pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Pappas James C, JCP Investment Management, LLC, JCP Investment Partnership, LP, JCP Investment Partners, LP, JCP Investment Holdings, LLC
Role Director, 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Type Security Shares Price Value
Other Common Stock, $0.0001 par value F1, F3, F2 105,491 -- --
holding Common Stock, $0.0001 par value F1, F4 -- -- --
Holdings After Transaction: Common Stock, $0.0001 par value — 1,513,001 shares (Indirect, By: Managed Accounts of JCP Investment Management, LLC); Common Stock, $0.0001 par value — 8,796,230 shares (Indirect, By: JCP Investment Partnership, LP)
Footnotes (4)
  1. F1. This Form 4 is filed jointly by JCP Investment Partnership, LP ("JCP Partnership"), JCP Investment Partners, LP ("JCP Partners"), JCP Investment Holdings, LLC ("JCP Holdings"), JCP Investment Management, LLC ("JCP Management") and James C. Pappas (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Pappas is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
  2. F2. Represents shares of Common Stock held in certain accounts managed by JCP Management (the "JCP Accounts"). JCP Management, as the investment manager of the JCP Accounts, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts.
  3. F3. Represents shares of Common Stock that JCP Management relinquished control over that were previously held in a JCP Account.
  4. F4. Represents shares of Common Stock owned directly by JCP Partnership. JCP Partners, as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Holdings, as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.
Shares relinquished control 105,491 shares Common Stock, $0.0001 par value; JCP Investment Management relinquished control on July 31, 2026
Indirect holdings in JCP-managed accounts after transaction 1,513,001 shares Total shares of IVFH common stock in certain accounts managed by JCP Investment Management after the disposition
Indirect holdings by JCP Investment Partnership, LP 8,796,230 shares Shares of IVFH common stock owned directly by JCP Investment Partnership, LP as reported in the Form 4
Section 13(d) group ownership threshold more than 10% Reporting persons state they may be members of a Section 13(d) group collectively beneficially owning more than 10% of IVFH
Transaction code J Classified as "Other acquisition or disposition" for the 105,491-share change in managed accounts
Section 13(d) group regulatory
"may be deemed to be a member of a Section 13(d) group that collectively beneficially owns"
pecuniary interest financial
"disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest"
managed accounts financial
"Represents shares of Common Stock held in certain accounts managed by JCP Management (the "JCP Accounts")"
Managed accounts are collections of investments owned by an individual or institution but run day-to-day by a professional who buys, sells and allocates assets according to an agreed plan. They matter to investors because they provide tailored oversight, active risk control and potential tax efficiency—like hiring a personal chef to manage your diet—while fees and the manager’s skill directly affect returns.
investment manager financial
"JCP Management, as the investment manager of the JCP Accounts, may be deemed to beneficially own"
general partner financial
"JCP Partners, as the general partner of JCP Partnership, may be deemed to beneficially own"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

FAQ

What insider transaction did IVFH report involving JCP Investment Management on July 31, 2026?

IVFH reported that entities associated with JCP Investment Management relinquished control over 105,491 shares of common stock on July 31, 2026, classified as an "other acquisition or disposition" transaction affecting indirectly held managed-account shares.

How many IVFH shares do JCP-managed accounts hold after this Form 4 transaction?

After the reported change, managed accounts of JCP Investment Management are shown holding 1,513,001 shares of IVFH common stock indirectly. These shares are in certain accounts for which JCP Investment Management acts as investment manager.

How many IVFH shares are held by JCP Investment Partnership, LP after the Form 4 filing?

JCP Investment Partnership, LP is reported as owning 8,796,230 IVFH shares of common stock indirectly. Related entities JCP Partners, JCP Holdings, JCP Management, and James C. Pappas may be deemed to beneficially own these shares through their general partner and management roles.

Does James C. Pappas have a significant ownership position in IVFH?

The reporting persons, including James C. Pappas, state they may be part of a Section 13(d) group owning more than 10% of IVFH’s outstanding common stock, while each disclaims beneficial ownership except to the extent of his or its pecuniary interest.

Was the IVFH Form 4 transaction a straightforward buy or sell of shares?

No. The Form 4 codes the 105,491-share change as transaction code J, an "other acquisition or disposition". Footnotes explain it reflects JCP Investment Management relinquishing control over shares previously held in a managed account, not an open-market trade.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pappas James C

(Last)(First)(Middle)
1177 WEST LOOP SOUTH
SUITE 1320

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
INNOVATIVE FOOD HOLDINGS INC [ IVFH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.0001 par value(1)07/31/2026J(3)105,491D(3)1,513,001IBy: Managed Accounts of JCP Investment Management, LLC(2)
Common Stock, $0.0001 par value(1)8,796,230IBy: JCP Investment Partnership, LP(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Pappas James C

(Last)(First)(Middle)
1177 WEST LOOP SOUTH
SUITE 1320

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
JCP Investment Management, LLC

(Last)(First)(Middle)
1177 WEST LOOP SOUTH
SUITE 1320

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
JCP Investment Partnership, LP

(Last)(First)(Middle)
1177 WEST LOOP SOUTH
SUITE 1320

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
JCP Investment Partners, LP

(Last)(First)(Middle)
1177 WEST LOOP SOUTH
SUITE 1320

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
JCP Investment Holdings, LLC

(Last)(First)(Middle)
1177 WEST LOOP SOUTH
SUITE 1320

(Street)
HOUSTON TEXAS 77027

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. This Form 4 is filed jointly by JCP Investment Partnership, LP ("JCP Partnership"), JCP Investment Partners, LP ("JCP Partners"), JCP Investment Holdings, LLC ("JCP Holdings"), JCP Investment Management, LLC ("JCP Management") and James C. Pappas (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Pappas is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
2. Represents shares of Common Stock held in certain accounts managed by JCP Management (the "JCP Accounts"). JCP Management, as the investment manager of the JCP Accounts, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts.
3. Represents shares of Common Stock that JCP Management relinquished control over that were previously held in a JCP Account.
4. Represents shares of Common Stock owned directly by JCP Partnership. JCP Partners, as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Holdings, as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.
/s/ James C. Pappas08/18/2026
JCP Investment Management, LLC, By: /s/ James C. Pappas, Managing Member08/18/2026
JCP Investment Partnership, LP, By: JCP Investment Management, LLC, Investment Manager, By: /s/ James C. Pappas, Managing Member08/18/2026
JCP Investment Partners, LP, By: JCP Investment Holdings, LLC, General Partner, By: /s/ James C. Pappas, Sole Member08/18/2026
JCP Investment Holdings, LLC, By: /s/ James C. Pappas, Sole Member08/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)