[Form 4] Labcorp Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filed for Eastman Kodak Co. (KODK) discloses that GO EK Ventures IV, LLC, controlled by director and ≥10% owner B. Thomas Golisano, received 15,332 shares of the company’s 5.00% Cumulative Series C Convertible Preferred Stock on 1 Jul 2025. The shares were issued as a payment-in-kind (PIK) dividend on existing Series C holdings and carry a conversion ratio of 10 preferred : 1 common, implying potential issuance of 153,320 additional common shares.

Following the transaction, the reporting person now beneficially owns 1,241,871 Series C preferred shares (no cash consideration; transaction code J). Because the preferred stock is convertible at any time and has no expiration date, the cumulative position could translate into significant future common-share dilution. Ownership is reported as direct through GO EK Ventures IV and indirectly by its sole member, Mr. Golisano.

Positive

• No cash outflow: Dividends paid in kind conserve Eastman Kodak’s cash resources.
• Insider alignment: Director and 10% owner B. Thomas Golisano marginally increases economic exposure to the company.

Negative

• Incremental dilution: 15,332 new preferred shares equate to 153,320 potential common shares, adding to future dilution.
• No purchase signal: Shares were received automatically, offering limited insight into insider sentiment.

Insights

Securities Analyst

TL;DR Small PIK dividend adds 153k potential shares; modest dilution, no cash outflow, insider stake inching higher.

The filing is routine and reflects the contractual 5% PIK feature of Kodak’s Series C preferred stock. While the 15,332 new preferred shares increase Golisano’s convertible position to 1.24 million, the incremental 0.2% potential dilution versus Kodak’s ~75 million common shares outstanding is immaterial near-term. Importantly, the company preserves cash because dividends are paid in stock rather than cash, which is mildly positive for liquidity. No purchase or sale took place; therefore, the signal value regarding insider sentiment is low.

Corporate Governance Expert

TL;DR Preferred holder’s stake grows via contractual dividend; modest dilution, standard disclosure, limited governance impact.

Golisano remains a key stakeholder, retaining director status and ≥10% ownership. The additional preferred shares arise automatically under the security’s terms (code J). Because the instrument is perpetual and convertible at the holder’s option, monitoring cumulative dilution is prudent, but the incremental amount reported is too small to affect control dynamics or trigger ownership-threshold provisions. Governance takeaway: routine compliance with Section 16 reporting, no red flags.

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
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).

X

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^*

ANDERSON KERRII B

(Last) (First) (Middle)

531 SOUTH SPRING STREET

(Street)

BURLINGTON NC 27215

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LABCORP HOLDINGS INC. [ LH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		S(1)		500	D	$265	12,166	D
Common Stock								144	I	By Alexa M. Anderson Separate Trust
Common Stock								144	I	By Cameron Taff Anderson Separate Trust

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

Explanation of Responses:

1. Pursuant to a plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

	/s/ Sandra D. van der Vaart, Attorney-in-Fact for Kerrii B. Anderson	07/02/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did GO EK Ventures IV report in the July 1 2025 Form 4 for KODK?

It received 15,332 Series C convertible preferred shares as a PIK dividend, increasing total holdings to 1,241,871 preferred shares.

How many common shares could the new preferred stock convert into?

At the stated 10-for-1 ratio, the 15,332 preferred shares equal 153,320 common shares.

Was cash paid for the shares disclosed in this Form 4?

No. Transaction code J signifies other acquisition; the shares were issued as a dividend with $0 price.

Does this filing change B. Thomas Golisano’s insider status at Eastman Kodak?

No. He remains a director and ≥10% owner; the filing simply updates his beneficial ownership.

Is the Series C preferred stock subject to an expiration date?

No. The Series C preferred is perpetual and convertible at any time.