THRIVENT FINANCIAL FOR LUTHERANS 4

What Happened Thrivent Financial for Lutherans, reported as a 10% owner of CION Ares Diversified Credit Fund (CADEX), purchased 450,000 shares on 2026-07-06 at $23.38 per share, a total transaction value of $10,521,000. The filing lists the trade as a purchase (code P), described as an open-market or private purchase. Purchases are generally viewed as a more informative (potentially bullish) signal than routine sales, though motivations are not disclosed.

Key Details

• Transaction date: 2026-07-06; Form 4 filed 2026-07-08 (timely filing).
• Type: Purchase (code P) — open market or private purchase.
• Size & price: 450,000 shares at $23.38 each; total $10,521,000.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes reported in the provided data.
• Timeliness: Filing appears timely (filed within the standard 2-business-day window).

Context This transaction was made by a 10% institutional owner (Thrivent), not an individual officer or director. Institutional purchases can reflect portfolio rebalancing or strategic position changes and do not by themselves indicate insider sentiment about day-to-day operations.