COO of SS Innovations (SSII) uses 19,000 shares to repay note
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SS Innovations International, Inc. insider Barry F. Cohen, COO – Americas and director, tendered 19,000 shares of common stock at a value of $5.58 per share to a non‑affiliated third-party lender. The shares were used to satisfy principal and interest owed on a $100,000 promissory note. Following this non‑market restructuring transaction, Cohen directly holds 7,780,088 shares of SS Innovations common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cohen Barry F
Role
COO - Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, $0.0001 par value | 19,000 | $5.58 | $106K |
Holdings After Transaction:
Common Stock, $0.0001 par value — 7,780,088 shares (Direct)
Footnotes (1)
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Key Figures
Shares tendered: 19,000 shares
Per-share value: $5.58 per share
Shares after transaction: 7,780,088 shares
+1 more
4 metrics
Shares tendered
19,000 shares
Common Stock used to satisfy note
Per-share value
$5.58 per share
Value reported for 19,000 tendered shares
Shares after transaction
7,780,088 shares
Direct holdings following restructuring
Promissory note principal
$100,000
Note satisfied with tendered shares plus interest
Key Terms
promissory note, tendered, non-affiliated third-party lender, Common Stock, $0.0001 par value
4 terms
promissory note financial
"principal and interest due on a $100,000 promissory note"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
tendered financial
"Represents shares of common stock ... tendered by the reporting person"
Tendered means that a shareholder or holder has submitted their shares or securities in response to an offer, such as a buyout bid or exchange proposal. Think of it like handing over your tickets in exchange for cash or new tickets; the number of shares tendered shows how many people accept the deal, which determines whether the offer succeeds and can materially affect the price investors receive and the company’s future control.
non-affiliated third-party lender financial
"in favor of a non-affiliated third-party lender"
Common Stock, $0.0001 par value financial
"security_title: Common Stock, $0.0001 par value"