Schmidt Mike 4

What Happened
Mike Schmidt, CEO of Nixxy, reported a purchase of 10,000 common shares on 2026-06-09 at $0.86 per share, for a total reported cash outlay of $8,600. The Form 4 lists the transaction type as a purchase (code P), meaning shares were acquired rather than sold — a direct insider buy (often viewed as a more informative, bullish signal than routine sales).

Key Details

• Transaction date and price: 2026-06-09 — 10,000 shares at $0.86 each.
• Total value: $8,600.
• Transaction code: P (Purchase).
• Transaction description on the filing: "Open market or private purchase (P)".
• Shares owned after transaction: not specified in the provided filing.
• Footnotes / plans: the filing does not indicate a 10b5-1 plan, tax withholding, or other footnotes.
• Filing date: Form 4 filed 2026-06-12 (three days after the trade); Form 4s are generally required within two business days, so investors may wish to review timeliness.

Context
This is a straightforward insider purchase of common stock by the CEO for a modest dollar amount ($8.6k). Such purchases can signal confidence, though the size here is small relative to many insider buys. Retail investors should consider this data point alongside other insider activity, company fundamentals, and market conditions.