Kennedy Lewis Management Lp - 05 Dec 2025 Form 4 Insider Report for EASTMAN KODAK CO (KODK)

Role
Director
Signature
KENNEDY LEWIS MANAGEMENT LP, By: KLM GP LLC, its general partner, Name: /s/ Anthony Pasqua, Title: Chief Operating Officer
Issuer symbol
KODK
Transactions as of
05 Dec 2025
Transactions value $
$101,500,000
Form type
4
Date filed
05 Dec 2025, 17:24
Previous filing
25 Jul 2023

Reporting Owners (8)

Name Relationship Address Signature Signature date CIK
KENNEDY LEWIS MANAGEMENT LP Director 225 LIBERTY STREET, SUITE 4210, NEW YORK KENNEDY LEWIS MANAGEMENT LP, By: KLM GP LLC, its general partner, Name: /s/ Anthony Pasqua, Title: Chief Operating Officer 2025-12-05 0001797633
KLM GP LLC Director 225 LIBERTY STREET, SUITE 4210, NEW YORK KLM GP LLC, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001797767
KENNEDY LEWIS INVESTMENT MANAGEMENT LLC Director 225 LIBERTY STREET, SUITE 4210, NEW YORK KENNEDY LEWIS INVESTMENT MANAGEMENT LLC, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001797634
Kennedy Lewis Capital Partners Master Fund III LP Director 225 LIBERTY STREET, SUITE 4210, NEW YORK KENNEDY LEWIS CAPITAL PARTNERS MASTER FUND III LP, By: Kennedy Lewis Management, its investment adviser, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001896898
Kennedy Lewis GP III LLC Director 225 LIBERTY STREET, SUITE 4210, NEW YORK KENNEDY LEWIS GP III LLC, By: Kennedy Lewis Investment Holdings II LLC, its managing member, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001897209
KLIM Delta HQC3 LP Director C/O KENNEDY LEWIS MANAGEMENT LP, 225 LIBERTY STREET, SUITE 4210, NEW YORK KLIM DELTA HQC3 LP, By: Kennedy Lewis Management LP, its investment adviser, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001994226
Kennedy Lewis (EU) SPV LP Director C/O KENNEDY LEWIS MANAGEMENT LP, 225 LIBERTY STREET, SUITE 4210, NEW YORK KENNEDY LEWIS (EU) SPV LP, By: Kennedy Lewis Management LP, its investment adviser, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001994181
KLCP Co-Investment Opportunities III LP Director C/O KENNEDY LEWIS MANAGEMENT LP, 225 LIBERTY STREET, SUITE 4210, NEW YORK KLCP CO-INVESTMENT OPPORTUNITIES III LP, By: Kennedy Lewis Management LP, its invest adviser, Name: /s/ Anthony Pasqua, Title: Authorized Person 2025-12-05 0001884805

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KODK 4.0% Series B Convertible Preferred Stock Purchase $75.8M +747K $101.50* 747K 05 Dec 2025 Common Stock 7.11M See Footnotes F1, F2, F3, F4, F5, F6
transaction KODK 4.0% Series B Convertible Preferred Stock Purchase $7.02M +69.2K $101.50* 69.2K 05 Dec 2025 Common Stock 659K See Footnotes F1, F2, F3, F4, F5, F7
transaction KODK 4.0% Series B Convertible Preferred Stock Purchase $582K +5.73K $101.50* 5.73K 05 Dec 2025 Common Stock 54.6K See Footnotes F1, F2, F3, F4, F5, F8
transaction KODK 4.0% Series B Convertible Preferred Stock Purchase $18.1M +178K $101.50* 178K 05 Dec 2025 Common Stock 1.7M See Footnotes F1, F2, F3, F4, F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 5, 2025, all of their conditions to purchase were satisfied and Kennedy Lewis Capital Partners Master Fund III LP, KLIM Delta HQC3 LP, Kennedy Lewis (EU) SPV LP, and KLCP Co-Investment Opportunities III LP (each a "Fund", and together, the "Funds") purchased 1,000,000 shares of 4.0% Series B Convertible Preferred Stock ("Preferred Stock") of Eastman Kodak Company (the "Issuer") in the aggregate from several third party sellers in privately negotiated transactions at a purchase price of $101.50 per share of Preferred Stock. The shares of Preferred Stock have a liquidation preference of $100 per share, and holders of shares of Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 4.0% per annum.
F2 Each share of Preferred Stock is convertible into shares of common stock of the Issuer at a conversion rate of 9.5238 shares of common stock per share of Preferred Stock, subject to antidilution adjustments. Pursuant to an agreement among Kennedy Lewis Management LP (the "Adviser"), the Funds, and the Issuer, the Issuer will not effect any conversion of shares of Preferred Stock held by a Fund if after giving effect to such conversion a Fund, together with its affiliates and any members of a Section 13(d) group with a Fund or its affiliates, would beneficially own in excess of 4.99% of the number of shares of common stock then outstanding (the "Beneficial Ownership Limitation"). The Funds, upon not less than 61-days' prior written notice to the Issuer, may increase or decrease such Beneficial Ownership Limitation.
F3 The shares of Preferred Stock are convertible into common stock of the Issuer at any time at the option of the holder, subject to the Beneficial Ownership Limitation described in footnote (2) above. The shares of Preferred Stock are subject to mandatory redemption by the Issuer on the date that is 91-days following the fifth anniversary of February 26, 2021, the original issue date of such shares, at a redemption price equal to the liquidation price for such shares plus accrued and unpaid dividends. At any time after the initial issuance of the Preferred Stock, if the closing price of the Issuer's common stock has equaled or exceeded $14.50 (subject to adjustment in the same manner as the conversion price) for 45 trading days within a period of 60 consecutive trading days, the Issuer will have the right to cause the mandatory conversion of the Preferred Stock into shares of common stock.
F4 The Adviser acts as investment adviser to the Funds. KLM GP LLC ("KLM") is the general partner of the Adviser. Kennedy Lewis Investment Management LLC ("Kennedy Lewis") is the sole owner and control person of KLM. Kennedy Lewis is controlled by its Board of Managers. David Chene and Darren Richman are the effective control persons of Kennedy Lewis. Each of the Adviser, KLM and Kennedy Lewis may be deemed to exercise voting and investment power over and thus may be deemed to beneficially own the securities of the Issuer held by each of the Funds due to their relationship with the Funds.
F5 For purposes of Section 16 of the Securities Exchange Act of 1934, each of the Adviser, KLM, Kennedy Lewis, Kennedy Lewis GP III LLC ("Fund III GP"), Kennedy Lewis Investment Holdings II LLC ("Holdings II"), David Chene, and Darren Richman disclaims beneficial ownership of the securities of the Issuer held directly by the Funds except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that any of the Adviser, KLM, Kennedy Lewis, Fund III GP, Holdings II, David Chene or Darren Richman is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
F6 These shares of Preferred Stock of the Issuer are held directly by Kennedy Lewis Capital Partners Master Fund III LP ("Master Fund III"). Fund III GP is the general partner of Master Fund III. Holdings II is the managing member of Fund III GP. Holdings II is controlled by its Board of Managers. David Chene and Darren Richman are the effective control persons of Holdings II. Each of Fund III GP, Holdings II, Mr. Chene, and Mr. Richman may be deemed to exercise voting and investment power over and thus may be deemed to beneficially own the securities of the Issuer held by Master Fund III due to their relationship with Master Fund III.
F7 These shares of Preferred Stock of the Issuer are held directly by KLIM Delta HQC3 LP ("KLIM Delta"). Fund III GP is the general partner of KLIM Delta. Holdings II is the managing member of Fund III GP. Holdings II is controlled by its Board of Managers. David Chene and Darren Richman are the effective control persons of Holdings II. Each of Fund III GP, Holdings II, Mr. Chene, and Mr. Richman may be deemed to exercise voting and investment power over and thus may be deemed to beneficially own the securities of the Issuer held by KLIM Delta due to their relationship with KLIM Delta.
F8 These shares of Preferred Stock of the Issuer are held directly by Kennedy Lewis (EU) SPV LP ("EU SPV"). Fund III GP is the general partner of EU SPV. Holdings II is the managing member of Fund III GP. Holdings II is controlled by its Board of Managers. David Chene and Darren Richman are the effective control persons of Holdings II. Each of Fund III GP, Holdings II, Mr. Chene, and Mr. Richman may be deemed to exercise voting and investment power over and thus may be deemed to beneficially own the securities of the Issuer held by EU SPV due to their relationship with EU SPV.
F9 These shares of Preferred Stock of the Issuer are held directly by KLCP Co-Investment Opportunities III LP ("KLCP Co-Invest"). Fund III GP is the general partner of KLCP Co-Invest. Holdings II is the managing member of Fund III GP. Holdings II is controlled by its Board of Managers. David Chene and Darren Richman are the effective control persons of Holdings II. Each of Fund III GP, Holdings II, Mr. Chene, and Mr. Richman may be deemed to exercise voting and investment power over and thus may be deemed to beneficially own the securities of the Issuer held by KLCP Co-Invest due to their relationship with KLCP Co-Invest.

Remarks:

Due to limitations of the electronic filing system, certain of the reporting persons, including Kennedy Lewis Investment Holdings II LLC, Darren Richman and David Chene, are filing a separate Form 4. Darren Richman, an effective control person of each of Kennedy Lewis Investment Management LLC and Kennedy Lewis Investment Holdings II LLC, serves on the Board of Directors of Eastman Kodak Company (the "Issuer"). By virtue of their representation on the Board of Directors of the Issuer, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each of the reporting persons other than Mr. Richman are deemed directors by deputization of the Issuer.