Form 4: CION Investment Corp President & CIO Acquires 2,000 Shares

Gregg A. Bresner, President and CIO of CION Investment Corp, purchased 2,000 shares of common stock at a weighted average price of $11.41 per share.

Summary

• Gregg A. Bresner, the President and CIO of CION Investment Corp, acquired 2,000 shares of the company's common stock on November 12, 2024.
• The shares were purchased at a weighted average price of $11.41 per share.
• The purchases were made at prices of $11.40 and $11.41 per share.
• Following the transaction, Mr. Bresner beneficially owns a total of 59,599 shares, including 12,500 shares held in investment retirement accounts where he has sole voting and investment power.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as insider buying is generally seen as a good sign, but it's a routine transaction.

Positives

• The purchase of shares by a high-ranking executive like the President and CIO can be seen as a positive signal of confidence in the company's future prospects.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The transaction is typical for executives who may purchase shares as part of their compensation or personal investment strategies.
• The reported transaction is similar to other insider trading disclosures from comparable companies.

Stakeholder Impact

• The share purchase by the President and CIO could positively influence investor confidence.

Key Dates

Keywords

CION Investment Corp, Gregg A. Bresner, insider trading, share purchase, common stock, beneficial ownership