GO EK Ventures IV Converts 1.24M Series C into 15.1M Kodak Shares

Rhea-AI Filing Summary

GO EK Ventures IV, LLC, whose sole member is B. Thomas Golisano (a director and 10% owner), acquired 15,103,163 shares of Eastman Kodak common stock on 08/08/2025 by exchanging 1,241,871 shares of 5.00% Cumulative Series C Convertible Preferred Stock plus accrued and unpaid dividends. The parties agreed to an exchange price of $8.25 per share, and the Series C preferred converts into common stock on a ten-for-one basis.

Following the exchange, GO EK Ventures IV, LLC directly beneficially owns 15,103,163 common shares. The filing also discloses a separate disposition of 47,348 common shares by B. Thomas Golisano. The converted Series C preferred has no expiration date.

Positive

• 15,103,163 common shares acquired by GO EK Ventures IV, LLC via exchange of Series C preferred and accrued dividends
• Exchange price disclosed at $8.25 per share and conversion mechanics stated as 10-for-1
• Series C preferred noted as having no expiration date, a clear contractual term disclosed

Negative

• None.

Insights

Financial Analyst

TL;DR: A large preferred-for-common exchange issued 15.1M KODK shares at $8.25, reflecting a 10-for-1 conversion of Series C preferred.

The Form 4 shows GO EK Ventures IV, LLC received 15,103,163 common shares in exchange for 1,241,871 Series C preferred shares and accrued dividends at an agreed exchange price of $8.25 per share. The Series C converts at ten common shares per preferred share and has no expiration. The report also records a separate disposition of 47,348 common shares by B. Thomas Golisano. These are factual ownership and conversion disclosures; the filing does not provide pro forma share counts or broader capitalization details.

Corporate Governance Expert

TL;DR: Director and 10% owner effected a direct conversion of Series C preferred into common stock, with ownership changes disclosed.

The filing identifies reporting persons as GO EK Ventures IV, LLC and B. Thomas Golisano, each listed as a director and a 10% owner. The filing discloses the mechanics of the exchange: 1,241,871 Series C preferred exchanged for 15,103,163 common shares at an $8.25 exchange price and a stated 10-for-1 conversion ratio. The Series C has no expiration date. The Form 4 provides transparent reporting of beneficial ownership changes but does not include additional corporate governance actions or board approvals in the text provided.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

GO EK Ventures IV, LLC

(Last) (First) (Middle)

7632 COUNTY ROAD 42

(Street)

VICTOR NY 14564

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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

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

	Form filed by One Reporting Person
X	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	08/08/2025		A		15,103,163(1)	A	$8.25(2)	15,103,163	D(3)
Common Stock								47,348	D(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
5.00% Cumulative Series C Convertible Preferred Stock	$8.25(2)	08/08/2025		D		1,241,871		(5)	(5)	Common Stock	0	$0	0	D(3)

1. Name and Address of Reporting Person^*

GO EK Ventures IV, LLC

(Last) (First) (Middle)

7632 COUNTY ROAD 42

(Street)

VICTOR NY 14564

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GOLISANO B THOMAS

(Last) (First) (Middle)

C/O FISHERS ASSET MANAGEMENT

7632 COUNTY ROAD 42

(Street)

VICTOR NY 14564

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The Reporting Person was issued 15,103,163 shares of Common Stock pursuant to a Series C Preferred Stock Exchange Agreement with the Issuer dated August 8, 2025, in exchange for 1,241,871 shares of 5.00% Cumulative Series C Convertible Preferred Stock and accrued and unpaid dividends thereon.

2. Under the Series C Preferred Stock Exchange Agreement with the Issuer, the parties agreed to an exchange price of $8.25 per share.

3. Owned directly by GO EK Ventures IV, LLC and indirectly by its sole member, B. Thomas Golisano.

4. Owned directly by B. Thomas Golisano.

5. The 5.00% Cumulative Series C Convertible Preferred Stock is convertible into Common Stock at any time on a ten-for-one basis and has no expiration date.

	B. Thomas Golisano	08/12/2025
	B. Thomas Golisano	08/12/2025
	** 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 transactions does the KODK Form 4 report?

The Form 4 reports an exchange on 08/08/2025 where 1,241,871 shares of 5.00% Cumulative Series C Convertible Preferred Stock and accrued dividends were exchanged for 15,103,163 common shares at an agreed price of $8.25 per share.

Who filed the Form 4 for KODK?

The filing lists GO EK Ventures IV, LLC and B. Thomas Golisano as reporting persons; both are identified as a director and a 10% owner.

How many common shares does GO EK Ventures IV, LLC own after the transaction?

The filing reports GO EK Ventures IV, LLC directly beneficially owns 15,103,163 common shares following the reported exchange.

Were any securities disposed of by the reporting persons?

Yes. The form discloses a disposition of 47,348 common shares by B. Thomas Golisano.

What are the conversion terms of the Series C preferred stock?

The 5.00% Cumulative Series C Convertible Preferred Stock converts into common stock on a ten-for-one basis and is stated to have no expiration date.