Panigrahi Bhaskar 4/A
4/A · ConnectM Technology Solutions, Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
ConnectM (CNTM) CEO Panigrahi Buys 3,359 Shares
What Happened
Panigrahi Bhaskar, Chief Executive Officer of ConnectM Technology Solutions, Inc. (CNTM), purchased a total of 3,359 shares of the company's common stock in two open‑market transactions. On June 10, 2026 he bought 1,309 shares at $6.78 each (≈ $8,875). On June 11, 2026 he bought 2,050 shares at $6.96 each (≈ $14,268). Total cash outlay for the two purchases was approximately $23,143. These were purchases (code P), which investors often view as a more informative/bullish insider action than a sale.
Key Details
- Transaction dates and prices:
- 2026-06-10: 1,309 shares @ $6.78 — $8,875
- 2026-06-11: 2,050 shares @ $6.96 — $14,268
- Aggregate purchased: 3,359 shares for ≈ $23,143.
- Method: Open‑market purchases through the reporting person’s brokerage account.
- Footnote: The Form 4 was amended (filed 2026-06-23) to report per‑share purchase prices rather than aggregated totals; original Form 4 was filed June 22, 2026.
- Shares owned after transaction: Not disclosed in the information provided on this filing.
- Timeliness: The filing was amended after the transaction dates; the original Form 4 was filed June 22, which is later than the usual two-business-day reporting window.
Context
This was a straightforward open‑market purchase (no option exercise, gift, or tax withholding involved). The amendment solely clarifies pricing detail — it does not add new transactions. Purchases by a CEO are factual data points investors may consider alongside other company developments; they do not, by themselves, explain the insider’s motivations.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-06-10$6.78/sh+1,309$8,875→ 148,776 total - Purchase
Common Stock
[F1]2026-06-11$6.96/sh+2,050$14,268→ 150,826 total
Footnotes (1)
- [F1]The Form 4 is being amended from the original filing date of June 22, 2026 to reflect the per share purchase price instead of the aggregated total cost of each acquisition reported in Table I (5.). Between the dates of June 10, 2026 and June 11, 2026, the Reporting Person purchased an aggregated total of 3,359 shares of publicly traded common stock of the Issuer through the Reporting Person's brokerage account.