Form 4: CION Investment Corp Director Breakstone Increases Stake
SEC Form 4 Filing
Director Robert A. Breakstone increases his holdings in CION Investment Corp through a recent purchase and reinvestment.
Summary
- Robert A. Breakstone, a director of CION Investment Corp, reported a transaction on March 24, 2025, where he acquired 500 shares of common stock at a price of $10.75 per share.
- Following this transaction, Breakstone directly owns 14,699.71 shares, which includes 3,304.71 shares acquired through the company's distribution reinvestment plan.
- Breakstone also indirectly owns shares through an IRA account where he has sole voting and investment power.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the purchase is relatively small.
Positives
- A director increasing their stake in the company can be seen as a positive signal to investors.
Industry Context
Form 4 filings are routine disclosures required by the SEC when insiders of a company buy or sell the company's securities; they provide transparency into insider transactions.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| March 8, 2022 | Date of Power of Attorney execution. |
| March 24, 2025 | Date of stock transaction. |
| March 25, 2025 | Date of signature for the report. |
Keywords
CION Investment Corp, Robert A. Breakstone, Form 4, Beneficial Ownership, Director, Stock Purchase, Distribution Reinvestment Plan, IRA
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