Chernett Jorey 4

What Happened Jorey Chernett, a reported 10% owner of Oncology Institute, Inc. (TOI), purchased a total of 38,500 shares in two open-market transactions. On May 19, Chernett acquired 5,000 shares at $4.05 per share (about $20,250). On May 20, Chernett acquired 33,500 shares at a reported weighted-average price of $4.07 per share (about $136,345). These were purchases (buying stock), which are generally considered a more informative signal than routine sales.

Key Details

• Transaction dates and amounts:
  • 2026-05-19: Purchase of 5,000 shares @ $4.05 — $20,250
  • 2026-05-20: Purchase of 33,500 shares @ $4.07 (weighted avg) — $136,345
• Total shares bought: 38,500; total reported value: ~$156,595.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timing: Report filed 2026-05-21 for transactions on 2026-05-19 and 2026-05-20; the filing appears timely (no late-filing indicator shown).
• Footnote: The $4.07 price is a weighted-average rounded to the nearest cent. Purchases were made at prices ranging from $4.05 to $4.10; the insider offered to provide a breakdown of quantities at each price upon request.
• Transaction code: P = Purchase (open-market/private purchase).

Context

• As a 10% owner, Chernett is a large shareholder rather than necessarily a company executive; such purchases indicate the insider added to a significant stake but do not disclose motivation.
• These were straightforward open-market buys (not option exercises, awards, or gifts), so there was no immediate sale or tax-withholding event reported.