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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, $0.0001 par value | 800,000 | $2.53 | $2.02M |
| Other | Common Stock, $0.0001 par value | 400,000 | $2.522 | $1.01M |
Footnotes (1)
- Represents shares of common stock of SS Innovations International, Inc. ("SSI") tendered by Sushruta PVT LTD ('Sushruta") in satisfaction of principal and interest due on a $2.0 million promissory note made by Sushruta in favor of a non-affiliated third-party lender. The reporting person has a controlling interest in Sushruta Pvt. Ltd. which holds the security of record. Represents shares of common stock of SSI tendered by Sushruta in satisfaction of principal and interest due on a $1.0 million promissory note made by Sushruta in favor of a non-affiliated third-party lender.
FAQ
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.