Form 4: CION Investment Corp Co-CEO Michael Reisner Buys 400 Shares

Michael Reisner, Co-Chairman & Co-CEO of CION Investment Corp, purchased 400 shares of common stock at $12.33 per share on August 26, 2024.

Summary

• On August 26, 2024, Michael A. Reisner, Co-Chairman & Co-CEO of CION Investment Corp, acquired 400 shares of the company's common stock at a price of $12.33 per share.
• Following this transaction, Reisner directly owns 44,560.38 shares.
• Reisner also indirectly benefits from shares held by CION Investment Group, LLC (CIG), which holds 62,598.77 shares, including 5,932.67 shares acquired through the distribution reinvestment plan.
• Reisner disclaims beneficial ownership of the shares held by CIG except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock purchase by an executive. While insider purchases can be seen as positive, the small number of shares purchased doesn't suggest a strong signal.

Positives

• The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• The stock purchase by a company executive could have a slightly positive impact on shareholder sentiment.

Key Dates