Form 4: Eastman Kodak Insider Reports Significant Preferred Stock Dividend Receipt

GO EK Ventures IV, LLC and B. Thomas Golisano, significant shareholders and directors of Eastman Kodak Co., reported the receipt of 15,332 shares of 5.00% Cumulative Series C Convertible Preferred Stock as a payment-in-kind dividend.

Summary

• GO EK Ventures IV, LLC and B. Thomas Golisano, both directors and 10% owners of Eastman Kodak Co. (KODK), reported the receipt of 15,332 shares of 5.00% Cumulative Series C Convertible Preferred Stock.
• These shares were received as a payment-in-kind (PIK) dividend, with a record date of July 1, 2025, and a payable date of July 15, 2025.
• The 5.00% Cumulative Series C Convertible Preferred Stock is convertible into Common Stock at any time on a ten-for-one basis, with an initial conversion price of $10 per preferred share.
• Following this transaction, GO EK Ventures IV, LLC directly owns 1,241,871 shares of the Series C Preferred Stock, with B. Thomas Golisano indirectly owning them as the sole member.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider transaction (a dividend payment in preferred stock) and does not contain information that inherently shifts overall company sentiment positively or negatively.

Positives

• The reporting person, GO EK Ventures IV, LLC, received 15,332 shares of 5.00% Cumulative Series C Convertible Preferred Stock as a payment-in-kind dividend, increasing their beneficial ownership of preferred shares to 1,241,871.

Risks

• The 5.00% Cumulative Series C Convertible Preferred Stock is convertible into Common Stock at a ten-for-one basis, representing potential future dilution for existing common shareholders upon conversion.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Receipt of 15,332 shares of 5.00% Cumulative Series C Convertible Preferred Stock as a payment-in-kind dividend by GO EK Ventures IV, LLC, whose sole member B. Thomas Golisano is a director and 10% owner of Eastman Kodak Co.

Stakeholder Impact

• Shareholders (Preferred): Increased beneficial ownership of preferred shares for the reporting person.
• Shareholders (Common): Potential future dilution due to the convertible nature of the preferred stock.

Key Dates

Keywords

Eastman Kodak, KODK, SEC Form 4, insider transaction, preferred stock, convertible preferred, payment-in-kind dividend, beneficial ownership, GO EK Ventures IV, B. Thomas Golisano