[Form 4] EASTMAN KODAK COMPANY Insider Trading Activity

Rhea-AI Filing Summary

James V. Continenza, Executive Chairman and CEO of Eastman Kodak Company (KODK), purchased 50,000 shares of common stock on 08/14/2025 at a weighted average price of $5.74 per share. After the purchase he directly beneficially owns 1,902,011 shares. The filing also discloses his holdings of equity awards: several tranches of restricted stock units converting one-for-one into common shares (100,000; 172,414; 392,671), phantom stock representing 241,589 shares payable after separation, and multiple stock options and option pools totaling over 4.7 million underlying shares across various strike prices and exercise dates, some fully vested and some with vesting in 2025–2026.

Insights

Financial Analyst

TL;DR: Insider purchase of 50,000 shares at $5.74 increases CEO's direct stake and signals a measurable, affirmative purchase.

The transaction is a straightforward open-market purchase by the company's Executive Chairman and CEO, increasing direct beneficial ownership to 1,902,011 shares. The disclosure of substantial equity compensation (RSUs, phantom stock, and multiple option tranches) shows the CEO's compensation is heavily equity-linked, with significant vesting events in 2025–2026 and many options already vested. For investors, the purchase is a confirmed insider buy but should be weighed alongside large outstanding option-based dilutive instruments and timing of vesting schedules.

Corporate Governance Expert

TL;DR: Filing is a routine Section 16 disclosure showing standard executive equity holdings and a market purchase; no governance exceptions noted.

The Form 4 provides required transparency on changes in beneficial ownership and lists the nature and vesting schedules of RSUs, phantom stock, and options. Vesting schedules and the note that certain options are fully vested are properly disclosed. There are no amendments, repurchase plans, or unusual transfer mechanisms reported. The filing appears compliant and complete for the transactions and holdings it covers.

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^*

CONTINENZA JAMES V

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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	08/14/2025		P		50,000	A	$5.74(1)	1,902,011	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
Restricted Stock Units	$0(2)							(2)	(2)	Common stock, par value $.01	100,000		100,000	D
Restricted Stock Units	$0(3)							(3)	(3)	Common Stock, par value $.01	172,414		172,414	D
Restricted Stock Units	$0(4)							(4)	(4)	Common Stock, par value $.01	392,671		392,671	D
Phantom Stock	$0(5)							(5)	(5)	Common Stock, par value $.01	241,589		241,589	D
Stock Option (Right to Buy)	$3.03							(6)	02/19/2026	Common Stock, par value $.01	981,707		981,707	D
Stock Option (Right to Buy)	$4.53							(6)	02/19/2029	Common Stock, par value $.01	298,780		298,780	D
Stock Option (Right to Buy)	$6.03							(6)	02/19/2029	Common Stock, par value $.01	298,780		298,780	D
Stock Option (Right to Buy)	$12							(6)	02/19/2029	Common Stock, par value $.01	170,733		170,733	D
Stock Option (Right to Buy)	$3.03							(6)	02/19/2026	Common Stock, par value $.01	1,150,000		1,150,000	D
Stock Option (Right to Buy)	$4.53							(6)	02/19/2029	Common Stock, par value $.01	350,000		350,000	D
Stock Option (Right to Buy)	$6.03							(6)	02/19/2029	Common Stock, par value $.01	350,000		350,000	D
Stock Option (Right to Buy)	$12							(6)	02/19/2029	Common Stock, par value $.01	200,000		200,000	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.565 to $5.92, inclusive. Mr. Continenza undertakes to provide Eastman Kodak Company (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

2. These restricted stock units, which convert into common stock on a one-for-one basis, will vest on 2/26/2026.

3. These restricted stock units, which convert into common stock on a one-for-one basis, will vest in substantially equal installments on each of 11/29/2025, 11/29/2026 and 11/29/2027.

4. These restricted stock units, which convert into common stock on a one-for-one basis, will vest in substantially equal installments on each of 11/29/2025 and 11/29/2026.

5. Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Continenza in the year following the year of his separation from service as a director in either a single lump sum payment or in a maximum of ten annual installments.

6. This option is fully vested as of the date of this report.

	/s/ Roger W. Byrd, Attorney-in-Fact for James V. Continenza	08/14/2025
	** Signature of Reporting Person	Date
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