NERGES JOSEPH R 4

What Happened
Joseph R. Nerges, a reported 10% owner of CSP Inc (CSPI), made a series of open-market purchases of common stock between May 11 and May 13, 2026. He acquired a total of 4,248 shares across seven buys at prices ranging from $9.15 to $9.30, for aggregate consideration of $39,201. These were straightforward purchases (transaction code P), which represent outright acquisitions rather than sales or option exercises.

Key Details

• Transaction dates and trades:
  • 2026-05-11: 1,500 shares @ $9.22 = $13,830
  • 2026-05-11: 348 shares @ $9.18 = $3,195
  • 2026-05-11: 500 shares @ $9.20 = $4,600
  • 2026-05-12: 800 shares @ $9.30 = $7,440
  • 2026-05-12: 200 shares @ $9.15 = $1,830
  • 2026-05-13: 400 shares @ $9.19 = $3,676
  • 2026-05-13: 500 shares @ $9.26 = $4,630
• Total acquired: 4,248 shares for $39,201.
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Filing/remarks: Form 4 filed 2026-05-13 (timely reporting). Filing notes a confidentiality agreement with CSP Inc. dated October 8, 2024.
• Insider status: Nerges is a 10% owner (large stakeholder), not necessarily an executive; 10% owners have heightened reporting obligations.

Context
These were open-market purchases (P = Purchase), not option exercises, awards, gifts, or tax-withholdings. Purchases by a 10% owner can be informative to investors since they represent direct capital committed by a significant holder, but they do not on their own explain motivation. The filing appears timely (filed within the standard Form 4 reporting window).