Debt repayment sees SS Innovations (SSII) insider entity tender shares
Rhea-AI Filing Summary
SS Innovations International, Inc. insider entity uses shares to repay debt. Chairman and CEO Sudhir Srivastava, a director and 10% owner, reported two indirect transactions on January 17, 2026 involving common stock held by Sushruta Pvt. Ltd., an entity in which he has a controlling interest. Sushruta tendered 800,000 shares of SS Innovations common stock at $2.53 per share to satisfy principal and interest on a $2.0 million promissory note owed to a non‑affiliated third-party lender. On the same date, Sushruta tendered an additional 400,000 shares at $2.522 per share to satisfy principal and interest on a separate $1.0 million promissory note to a non‑affiliated lender. Following these dispositions, Srivastava reported 111,343,014 SS Innovations shares beneficially owned indirectly through Sushruta.
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FAQ
What insider share transactions were reported for SSII on January 17, 2026?
On January 17, 2026, Sudhir Srivastava, Chairman and CEO of SS Innovations International, Inc. (SSII), reported two indirect dispositions of common stock held by Sushruta Pvt. Ltd.: one for 800,000 shares at $2.53 per share and another for 400,000 shares at $2.522 per share.
Who actually held and tendered the SSII shares in the reported Form 4?
The shares were held and tendered by Sushruta Pvt. Ltd., which is the holder of record. The Form 4 notes that Sudhir Srivastava has a controlling interest in Sushruta, so he reports the transactions as an indirect beneficial owner.
Why were SS Innovations (SSII) shares tendered by Sushruta Pvt. Ltd.?
According to the footnotes, the 800,000 shares were tendered to satisfy principal and interest on a $2.0 million promissory note, and the 400,000 shares were tendered to satisfy principal and interest on a separate $1.0 million promissory note, each made by Sushruta in favor of a non‑affiliated third‑party lender.
How many SSII shares did Sudhir Srivastava report as beneficially owned after these transactions?
After the reported transactions on January 17, 2026, Sudhir Srivastava reported 111,343,014 SS Innovations common shares as beneficially owned indirectly through Sushruta Pvt. Ltd.
What is Sudhir Srivastava’s role and relationship to SS Innovations (SSII)?
Sudhir Srivastava is reported as a Director, Chairman and CEO, and a 10% owner of SS Innovations International, Inc. He files as a reporting person due to these roles and his controlling interest in Sushruta Pvt. Ltd.
Were the reported SSII stock transactions open‑market sales?
The transactions are coded "J" and described in the footnotes as shares tendered by Sushruta Pvt. Ltd. to satisfy principal and interest on promissory notes owed to non‑affiliated third‑party lenders, indicating debt repayment rather than routine open‑market sales.