Siokas Grigorios 4

What Happened
Grigorios Siokas, CEO of Cosmos Health (COSM), acquired 291,262 shares on February 11, 2026 in a purchase reported on a Form 4. The transaction is for a total of $120,000, at a reported price of $0.41 per share (footnote clarifies an exchange rate of $0.4120 per share, the fair market value on the date). This was not an open-market buy but an exchange of debt owed by the company to Mr. Siokas for newly issued shares.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 12, 2026 (appears timely).
• Shares acquired: 291,262; reported price: $0.41/share (footnote: $0.4120 exchange rate).
• Total value exchanged: $120,000 (debt converted into equity).
• Nature of transaction: Debt-for-equity exchange under a Debt Exchange Agreement (shares described as "Exchange Shares").
• Shares owned after transaction: Not specified in the provided excerpt; see the filed Form 4 for post-transaction holdings.

Context
A debt-for-equity exchange converts amounts the company owed to an insider into equity, reducing liabilities and increasing the insider's share count. Such purchases are factual events — investors often note purchases as more informative than routine sales, but this filing documents a conversion of debt rather than a cash open-market investment.