Form 4: CION Investment Corp Co-CEO Mark Gatto Reports Recent Stock Purchases
SEC Form 4 Filing
Mark Gatto, Co-Chairman & Co-CEO of CION Investment Corp, reported purchasing common stock through personal and custodial accounts on March 27, 2024.
Summary
- On March 27, 2024, Mark Gatto, Co-Chairman & Co-CEO of CION Investment Corp, purchased shares of CION common stock.
- He acquired 1,000 shares indirectly through the Gatto Living Trust at a price of $11.02 per share.
- Additionally, he purchased 50 shares each for the UTMA accounts of his children A.G., G.G., and M.G., also at $11.02 per share.
- These transactions are reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock purchases by an insider, and is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock purchases by a key executive could be perceived positively by shareholders, signaling confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of stock purchase transactions. |
| 03/29/2024 | Date of signature on the Form 4 filing. |
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