NERGES JOSEPH R 4

What Happened
Joseph R. Nerges, a reported 10% owner of CSP Inc. (ticker: CSPI), made multiple purchases of common stock on Feb 17–19, 2026. The filings show 11,012 shares acquired in a series of open-market/private purchases (reporting code "P"), at prices ranging from $9.12 to $9.32 per share, for a combined cost of approximately $101,525. These were outright purchases (buying shares), which investors often view as a more direct bullish signal than routine sales.

Key Details

• Transaction dates and individual trades:
  • 2026-02-17: 1,500 @ $9.32; 1,200 @ $9.18; 1,000 @ $9.27; 1,800 @ $9.21; 900 @ $9.15
  • 2026-02-18: 1,000 @ $9.30; 1,300 @ $9.20; 1,000 @ $9.21; 800 @ $9.12
  • 2026-02-19: 112 @ $9.18; 400 @ $9.13
• Total purchased: 11,012 shares for ~$101,525 (aggregate of the transactions above).
• Filing: Form 4 filed on 2026-02-19, covering transactions from Feb 17–19; this filing appears to be timely under the two-business-day rule.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The filer notes a confidentiality agreement with CSP Inc. dated October 8, 2024.
• Transaction code: P = Purchase (open market or private purchase). Insider status: 10% owner (not necessarily an executive or director).

Context
These are straight purchases by a large (10%) shareholder rather than option exercises, awards, or gifts. Purchases by significant holders can be noteworthy to retail investors because they represent the insider putting personal capital to work, but they do not by themselves reveal motivation or future plans. The filing contains no indication of sales, derivative activity, or late reporting in the provided excerpt.