NERGES JOSEPH R 4

What Happened

• Joseph R. Nerges, a 10% beneficial owner of CSP Inc. (CSPI), made multiple open‑market purchases (transaction code P) between June 8 and June 10, 2026. He acquired a total of 3,370 shares across seven trades for an aggregate cost of approximately $28,878. This was a series of purchases (buying stock), which many investors view as a more informative signal than routine sales.

• Trade breakdown (date — shares @ price = value):

  • 2026-06-08 — 1,000 @ $8.75 = $8,750
  • 2026-06-08 — 500 @ $8.60 = $4,300
  • 2026-06-08 — 800 @ $8.40 = $6,722
  • 2026-06-09 — 700 @ $8.69 = $6,083
  • 2026-06-09 — 199 @ $8.05 = $1,602
  • 2026-06-10 — 71 @ $8.29 = $589
  • 2026-06-10 — 100 @ $8.32 = $832

Key Details

• Transaction dates: June 8, 9 and 10, 2026.
• Prices: $8.05–$8.75 per share (see breakdown above).
• Shares acquired: 3,370; Total spent: ≈ $28,878.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Filing date: Report filed with the SEC on June 10, 2026 (timely reporting for these trades).
• Notable footnote: The filing includes a remark that the insider entered into a confidentiality agreement with CSP Inc. on October 8, 2024.
• Transaction code: P = Purchase (open market/private purchase).

Context

• As a 10% owner, Nerges is a significant shareholder rather than necessarily an executive; purchases by large shareholders can be meaningful, especially in smaller companies, but they do not by themselves prove future company performance.
• These were outright purchases (not exercises, grants, gifts, or tax withholdings). No 10b5‑1 trading plan or other trading arrangement is disclosed in the filing.