NERGES JOSEPH R 4

What Happened

Joseph R. Nerges, listed as a 10% owner of CSP Inc (CSPI), made multiple open-market/private purchases of common stock on Feb 24 and Feb 25, 2026. In total he acquired 3,000 shares at prices between $8.69 and $8.95, paying approximately $26,366 across nine trades. These were purchases (code P), which represent insider buying rather than selling.

Key Details

• Transactions (date — shares @ price = value):
  • 2026-02-24 — 500 @ $8.69 = $4,345
  • 2026-02-24 — 500 @ $8.71 = $4,358
  • 2026-02-24 — 500 @ $8.79 = $4,395
  • 2026-02-25 — 200 @ $8.92 = $1,783
  • 2026-02-25 — 300 @ $8.91 = $2,674
  • 2026-02-25 — 200 @ $8.95 = $1,791
  • 2026-02-25 — 500 @ $8.80 = $4,400
  • 2026-02-25 — 200 @ $8.75 = $1,750
  • 2026-02-25 — 100 @ $8.70 = $870
• Total purchased: 3,000 shares for ~$26,366 (weighted average ≈ $8.79/share).
• Transaction code: P = Purchase (open market or private purchase).
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing timeliness: Form 4 filed 2026-02-26 reporting trades from 2026-02-24 and 02-25 — appears timely (filed within the typical two-business-day window).
• Notable footnote: Insider entered into a confidentiality agreement with CSP Inc. on October 8, 2024 (disclosed in the filing).

Context

• As a 10% owner, Nerges is a significant shareholder; purchases by large owners can be meaningful but should not be taken alone as a recommendation to buy or sell.
• These were straightforward equity purchases (no options exercised, no awards or gifts).
• The filing does not show sales or immediate dispositions tied to these buys.