Eastman Kodak executive Roger W. Byrd, General Counsel and Senior Vice President, exercised stock options for 15,000 shares of common stock on February 17, 2026. The options converted into common stock at a price of $3.03 per share through an option exercise.
As part of a net exercise, 8,107 shares of common stock at $7.72 per share were withheld to cover the option exercise price and tax withholding obligations, and he retained the remaining shares. After these transactions, he directly owned 96,164 shares of common stock.
Byrd also holds 8,334 restricted stock units and 25,000 performance stock units, both convertible into common stock on a one-for-one basis and scheduled to vest on May 17, 2026, with the performance units vesting only if a specified volume-weighted average price condition is met.
Eastman Kodak Executive Chairman and CEO James V. Continenza reported equity compensation activity on February 12, 2026. He acquired 122,549 and 56,079 shares of common stock at $0 per share upon vesting of performance-based restricted stock units granted under Kodak’s 2013 Omnibus Incentive Plan.
To cover tax withholding on these vestings, 4,173 and 2,103 shares were disposed of at $7.53 per share. Following these transactions, he directly beneficially owns 3,050,896 Kodak common shares. He also holds multiple restricted stock unit awards, phantom stock units and fully vested stock options, with RSUs scheduled to vest between 2026 and 2028 and options expiring on February 19, 2029.
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 3,732,945 shares of Eastman Kodak Co common stock, representing 3.9% of the class as of 12/31/2025. BlackRock has sole voting power over 3,679,040 shares and sole dispositive power over 3,732,945 shares, with no shared voting or dispositive power.
The filing states that these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Eastman Kodak. It also notes that various underlying persons have rights to dividends or sale proceeds, but no single person has more than five percent of the outstanding common shares.
Eastman Kodak Company executive Roger W. Byrd, the General Counsel, Secretary and Senior Vice President, reported a stock option exercise and related share withholding. On 01/14/2026, he exercised a stock option for 70,000 shares of common stock at an exercise price of $3.09 per share, increasing his direct holdings to 129,266 shares immediately after the exercise.
On the same date, 39,995 shares of common stock were withheld at a price of $7.55 per share to cover the option exercise price and tax withholding obligations in a "net exercise". After this withholding, he directly owned 89,271 common shares. The option, granted under the Company’s 2013 Omnibus Incentive Plan and scheduled to expire on 01/15/2026, was exercised under a Board committee policy allowing net exercises within three months of expiration.
Byrd also reports holdings of 8,334 restricted stock units and 25,000 performance stock units, each convertible into common stock on a one-for-one basis and scheduled to vest on 05/17/2026, with the performance units and certain stock options vesting only if a volume-weighted average price condition is met. He additionally holds multiple vested or time- and performance-based stock options with exercise prices ranging from $3.03 to $12.50 and expirations including 02/19/2026, 02/19/2029 and 05/17/2030.
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.
Eastman Kodak Company Executive Chairman and CEO James V. Continenza reported multiple stock option exercises and related share withholdings on 12/19/2025. He exercised options to buy 1,150,000 and 981,707 shares of common stock at an exercise price of $3.03 per share. A total of 706,229 and 602,878 shares were withheld at a price of $8.33 per share to cover the option exercise price and tax withholding in a "net exercise," and he retained the remaining shares. Following these transactions, he directly beneficially owned 2,878,544 shares of common stock. He also reports holdings of restricted stock units that vest between 2026 and 2028, phantom stock representing 241,589 share-equivalent units, and additional stock options with exercise prices between $4.53 and $12 expiring on 02/19/2029.
Eastman Kodak Company disclosed that funds advised by Kennedy Lewis purchased an aggregate 1,000,000 shares of its 4.0% Series B Convertible Preferred Stock from third-party sellers on December 5, 2025. The shares were bought in privately negotiated transactions at $101.50 per preferred share and carry a 4.0% annual cumulative cash dividend and a $100 liquidation preference per share.
Each preferred share is convertible into 9.5238 shares of Eastman Kodak common stock, subject to antidilution adjustments and a 4.99% Beneficial Ownership Limitation that restricts conversions which would push a fund’s ownership above that level. The preferred stock is convertible at the holder’s option, is subject to mandatory redemption after a specified anniversary of February 26, 2021, and may be mandatorily converted into common stock if the common share price reaches at least $14.50 for 45 trading days within a 60-day window. Certain Kennedy Lewis affiliates and principals are deemed directors of Eastman Kodak through board representation.
Eastman Kodak (KODK) insider affiliates reported a large preferred stock purchase. On December 5, 2025, Kennedy Lewis–managed funds purchased an aggregate 1,000,000 shares of Kodak’s 4.0% Series B Convertible Preferred Stock from several third-party sellers in privately negotiated deals at $101.50 per share. The preferred stock carries a $100 per share liquidation preference and pays 4.0% cumulative annual cash dividends, payable quarterly.
Each preferred share is convertible into 9.5238 shares of Kodak common stock, subject to antidilution adjustments, but an agreed 4.99% Beneficial Ownership Limitation restricts conversions that would push any fund’s beneficial ownership above that threshold, unless the fund changes this limit with at least 61 days’ notice. The preferred shares are redeemable by Kodak on a date tied to the fifth anniversary of February 26, 2021, and may also be mandatorily converted to common stock if Kodak’s common share price meets a specified trading-price condition.
Eastman Kodak Company director affiliates file initial ownership report showing no holdings. Several investment entities advised by Kennedy Lewis Management LP have jointly filed an initial Form 3 related to Eastman Kodak Company (ticker KODK). The filing notes that Darren Richman, an effective control person of Kennedy Lewis Investment Management LLC and Kennedy Lewis Investment Holdings II LLC, serves on Eastman Kodak's Board of Directors. Because of this board representation, the reporting entities are deemed directors of Eastman Kodak by deputization under Section 16 rules, even though the filing states that no securities of Eastman Kodak are beneficially owned by these reporting persons.
Eastman Kodak Co. disclosed that long-time investor Southeastern Asset Management, Inc., its affiliated Longleaf Partners Small-Cap Fund, and O. Mason Hawkins now report 0 shares of Kodak common stock, representing 0% of the outstanding class, as of the event date noted in the filing. All three reporting persons state they have no sole or shared power to vote or dispose of any Kodak shares.
The filing indicates that these investors now own 5% or less of Kodak’s common stock, meaning they are no longer significant beneficial owners under Schedule 13G thresholds. The reporting persons also certify that any securities previously held were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of Eastman Kodak.