Form 4: CION Investment Corp Director Robert A. Breakstone Acquires Shares

Director Robert A. Breakstone of CION Investment Corp acquired 1,000 shares of common stock at $11.34 per share on November 15, 2024.

Summary

• Robert A. Breakstone, a director at CION Investment Corp, purchased 1,000 shares of the company's common stock on November 15, 2024.
• The shares were acquired at a price of $11.34 each.
• Following the transaction, Mr. Breakstone's total holdings include 13,237.77 shares, some of which are held indirectly through an IRA.
• The reported holdings include 2,842.77 shares acquired through the company's distribution reinvestment plan.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction by a company director, which is neither particularly positive nor negative. It indicates confidence from the director but is not a major event.

Positives

• The director's purchase of shares indicates confidence in the company's future prospects.
• The purchase increases the director's stake in the company, aligning his interests with those of other shareholders.

Industry Context

This is a routine filing related to insider trading activity, which is common in publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is typical for directors who may acquire shares through open market purchases or reinvestment plans.
• The size of the transaction is relatively small compared to the overall market capitalization of CION Investment Corp.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it indicates confidence from a company director.

Key Dates

Keywords

CION Investment Corp, Robert A. Breakstone, share purchase, director, insider trading, common stock, distribution reinvestment plan, IRA