Form 4: CION Investment Corp President & CIO Acquires Additional Shares

Gregg A. Bresner, President & CIO of CION Investment Corp, purchased 4,000 shares of common stock at an average price of $10.78 on March 20, 2024.

Summary

• On March 20, 2024, Gregg A. Bresner, the President & CIO of CION Investment Corp, acquired 4,000 shares of the company's common stock.
• The purchase was made at a weighted average price of $10.78 per share, with individual prices ranging from $10.77 to $10.79.
• Following the transaction, Mr. Bresner directly owns 50,099 shares, which includes 11,500 shares held in investment retirement accounts where he has sole voting and investment power.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The insider purchase is a positive sign, but it's a relatively small transaction and doesn't provide a definitive indication of the company's future performance.

Positives

• The purchase of shares by a high-ranking officer could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive signal, suggesting that a company insider believes the stock is undervalued or that the company's prospects are strong. However, it's just one data point and should be considered alongside other factors when evaluating a company.

Stakeholder Impact

• The insider purchase could have a slightly positive impact on shareholder sentiment.

Key Dates