Form 4: GO EK Ventures IV, LLC Increases Stake in Eastman Kodak Co. Through Dividend

GO EK Ventures IV, LLC, a significant shareholder in Eastman Kodak Co., acquired additional shares of Series C Convertible Preferred Stock through a payment-in-kind dividend.

Summary

• GO EK Ventures IV, LLC received 14,771 shares of 5.00% Cumulative Series C Convertible Preferred Stock as a payment-in-kind dividend.
• The dividend was based on the aggregate shares of Series C Preferred Stock owned at the close of business on October 1, 2024, and was payable on October 15, 2024.
• These preferred shares are convertible into Common Stock at a ten-for-one ratio.
• Following the transaction, GO EK Ventures IV, LLC directly owns 1,196,441 shares of common stock.
• B. Thomas Golisano is the sole member of GO EK Ventures IV, LLC and indirectly owns the shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction (dividend payment) and continued investment by a major shareholder. There are no explicit positive or negative implications.

Positives

• The acquisition of additional shares through a dividend indicates continued investment by GO EK Ventures IV, LLC in Eastman Kodak Co.

Industry Context

This filing reflects ongoing transactions by significant shareholders in publicly traded companies, providing insights into their investment strategies and confidence levels.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders as it demonstrates continued investment by a major shareholder.

Key Dates