NERGES JOSEPH R 4

What Happened
Joseph R. Nerges, listed as a 10% owner of CSP Inc (CSPI), made a series of open-market purchases between March 11–13, 2026, acquiring a total of 2,207 shares for $18,774. Individual buys: 400 sh @ $8.50 ($3,400), 300 sh @ $8.45 ($2,535), 400 sh @ $8.48 ($3,392) on Mar 11; 500 sh @ $8.58 ($4,290) and 407 sh @ $8.45 ($3,439) on Mar 12; and 200 sh @ $8.59 ($1,718) on Mar 13. These were purchases (transaction code P), which are often viewed as a more informative/positive signal than routine sell filings.

Key Details

• Transaction dates and prices: Mar 11–13, 2026 — multiple open-market purchases at $8.45–$8.59 per share (see amounts above).
• Total purchased: 2,207 shares for $18,774.
• Ownership after transaction: Filing identifies Nerges as a 10% owner; the Form 4 did not list an exact post-transaction share total in the provided summary.
• Filing/timeliness: Form filed Mar 13, 2026 (covers transactions through Mar 13); no late-filing notation provided.
• Footnote: Nerges entered into a confidentiality agreement with CSP Inc. on Oct 8, 2024.
• Transaction code: P = Purchase (open market/private purchase).

Context

• As a 10% owner, Nerges is a significant shareholder; such purchases represent insider buying interest but are not the same as executive compensation-related trades.
• These were outright purchases (not option exercises, gifts, or awards), so they represent cash buys of stock.
• No speculative reasons are stated in the filing—retail investors should view this as factual insider buying activity without assuming motive.