Eastman Kodak (KODK) CFO reports 15,000-option exercise and updated holdings

Rhea-AI Filing Summary

Eastman Kodak's CFO and Senior Vice President, David E. Bullwinkle, reported a stock option exercise and related share withholding. On 01/05/2026, he exercised 15,000 stock options with a conversion or exercise price of $3.03 per share, receiving common stock of the same amount. As part of a "net exercise," 9,421 common shares were withheld at a price of $8.42 per share to cover the option exercise price and tax withholding obligations, and he retained the remaining shares. Following these transactions, he directly owned 90,807 shares of common stock. He also held 16,668 restricted stock units that convert into common stock on a one-for-one basis and are scheduled to vest on 05/17/2026, and 50,000 performance stock units that will vest on 05/17/2026 if a specified volume-weighted average price condition is met.

SEC Form 4

FORM 4

UNITED 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

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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^*

Bullwinkle David E

(Last) (First) (Middle)

C/O EASTMAN KODAK COMPANY

343 STATE STREET

(Street)

ROCHESTER NY 14650

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EASTMAN KODAK CO [ KODK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01	01/05/2026		M		15,000(1)	A	$3.03	100,228	D
Common Stock, par value $.01	01/05/2026		F		9,421(1)	D	$8.42	90,807	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$3.03	01/05/2026		M			15,000(1)	(2)	02/19/2026	Common Stock, par value $.01	15,000	$0	0	D
Restricted Stock Units	$0(3)							(3)	(3)	Common Stock, par value $.01	16,668		16,668	D
Performance Stock Units	$0(4)							(4)	(4)	Common Stock, par value $.01	50,000		50,000	D
Stock Option (Right to Buy)	$4.53							(2)	02/19/2029	Common Stock, par value $.01	10,000		10,000	D
Stock Option (Right to Buy)	$6.03							(2)	02/19/2029	Common Stock, par value $.01	10,000		10,000	D
Stock Option (Right to Buy)	$12							(2)	02/19/2029	Common Stock, par value $.01	10,000		10,000	D
Stock Option (Right to Buy)	$16.24							(2)	06/30/2026	Common Stock, par value $.01	45,942		45,942	D
Stock Option (Right to Buy)	$12.5							(2)	09/13/2027	Common Stock, par value $.01	355,330		355,330	D
Stock Option (Right to Buy)	$3.9							(2)	12/03/2028	Common Stock, par value $.01	72,017		72,017	D

Explanation of Responses:

1. The reporting person exercised stock options and used a portion of the shares to pay the option exercise price and cover tax withholding obligations (a "net exercise") by electing to have the issuer withhold shares otherwise deliverable after the stock option exercise. The reporting person retained all of the remaining shares. The stock options were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3, and were scheduled to expire on February 19, 2026. The reporting person exercised the stock options in a transaction exempt under Rule 16b-3 in accordance with a policy adopted by the Compensation, Governance and Nominating Committee of the Board of Directors allowing employees to net exercise stock options as long as the stock options are scheduled to expire within three months of the date of exercise.

2. This option has fully vested as of the date of this report.

3. These restricted stock units, which convert into common stock on a one-for-one basis, will vest on 5/17/2026, except as otherwise provided in the award notice.

4. These performance stock units, which convert into common stock on a one-for-one basis, will vest on 5/17/2026 if the volume-weighted average price per share of common stock within the 20 trading day period before the vesting date exceeds a specified price, except as otherwise provided in the award notice.

	/s/ Roger W. Byrd, Attorney-in-Fact for David E. Bullwinkle	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Eastman Kodak (KODK) report for David E. Bullwinkle?

David E. Bullwinkle, CFO and Senior Vice President of Eastman Kodak, reported exercising 15,000 stock options on 01/05/2026 and receiving an equal number of common shares.

How many Eastman Kodak (KODK) shares did the CFO use to cover taxes and exercise costs?

In connection with the stock option exercise, 9,421 common shares were disposed of with a transaction code "F" at a price of $8.42 per share to cover the option exercise price and tax withholding obligations.

How many Eastman Kodak (KODK) shares does the CFO own after the reported Form 4 transactions?

After the reported transactions, David E. Bullwinkle directly beneficially owned 90,807 shares of Eastman Kodak common stock.

What unvested equity awards does the Eastman Kodak (KODK) CFO hold?

He held 16,668 restricted stock units, which convert into common stock on a one-for-one basis and vest on 05/17/2026, and 50,000 performance stock units, which may vest on 05/17/2026 if a specified volume-weighted average price condition is satisfied.

Were the Eastman Kodak (KODK) stock options fully vested at the time of exercise?

Yes. A footnote states that the stock option exercised on 01/05/2026 "has fully vested as of the date of this report."

Under what plan were the Eastman Kodak (KODK) options granted to the CFO?

The exercised stock options were granted under the company’s 2013 Omnibus Incentive Plan, as amended, in transactions exempt under Rule 16b-3.

What policy allowed the Eastman Kodak (KODK) CFO to net exercise his options?

The footnotes state that the exercise was made under a policy adopted by the Compensation, Governance and Nominating Committee, allowing employees to net exercise stock options that are scheduled to expire within three months of the exercise date.