Research Summary
AI-generated summary of this SEC filing
CYBIN (CYBN) Exec Chair Eric H. L. So Buys 100,000 Shares
What Happened
- Eric H. L. So, Executive Chair and Director of CYBIN Inc. (CYBN), reported an open-market/private purchase of 100,000 shares on 2026-09-04 at $12.09 per share, for a total transaction value of $1,208,900. This was a purchase (code P), which some investors view as a more informative/bullish signal than a sale.
Key Details
- Transaction date and price: 2026-09-04, 100,000 shares @ $12.09 each.
- Total reported value: $1,208,900.
- Transaction type/code: Purchase (P) — reported as "open market or private purchase."
- Shares owned after the transaction: Not disclosed in the provided filing.
- Filing date and remarks: Form 4 was filed voluntarily on 2026-09-10; the reporting person states they are not subject to Section 16 reporting requirements.
- No indication in the filing of option exercise, gift, tax withholding, or a 10b5-1 plan.
Context
- This is a straightforward equity purchase; because the filing was voluntary and the insider is not subject to Section 16, standard Section 16 timeliness rules do not apply. The purchase increases insider ownership but the filing does not explain the insider’s motives.