Innovative Food (IVFH) 10% Owner James C. Pappas Disposes 105,491 Shares

What Happened James C. Pappas, a director and a reported >10% owner of Innovative Food Holdings, Inc. (IVFH), reported an "other acquisition or disposition" (code J) involving the disposition of 105,491 shares on July 31, 2026. The Form 4 lists no per-share price or total dollar value (price = N/A). This was recorded as a disposition (not a purchase); footnotes indicate the transaction reflects relinquishment of control over shares previously held in a JCP-managed account rather than an explicit open-market sale.

Key Details

• Transaction date: 2026-07-31; Form 4 filed: 2026-08-18 (filed more than two business days after the transaction — appears late; check filing for any explanation).
• Transaction code: J (Other acquisition or disposition).
• Shares involved: 105,491 disposed; price and total value: N/A/not reported.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Form 4 is a joint filing by several JCP entities and James C. Pappas; they may be part of a Section 13(d) group and disclaim beneficial ownership except for pecuniary interest.
  • F2: Some shares are/ were held in accounts managed by JCP Management.
  • F3: The reported disposition represents shares JCP Management relinquished control over that were previously held in a JCP Account.
  • F4: Describes the ownership/control chain among JCP Partnership, JCP Partners, JCP Holdings, JCP Management and Mr. Pappas.

Context Code J transactions often reflect transfers of control or internal reallocations (e.g., manager relinquishing control of account-held shares) rather than an open-market sale; such disposals do not necessarily signal insider sentiment about the stock’s prospects. Because Mr. Pappas is both a 10% owner and a director, the filing largely documents changes in beneficial/control relationships among related investment entities rather than a straightforward executive sale.