Pennell Sandra 4

What Happened

• Sandra Pennell, Chief Financial Officer of DELCATH SYSTEMS, INC. (DCTH), made an open-market purchase of 5,533 shares on 2026-03-06 at $9.04 per share, for a total transaction value of $50,018. This is a straightforward purchase (transaction code P), generally viewed as a bullish signal since the insider acquired stock rather than sold.

Key Details

• Transaction date: 2026-03-06
• Transaction type: Open-market purchase (Code P)
• Shares purchased: 5,533 at $9.04 per share
• Total value: $50,018
• Shares owned after transaction: Not specified in the provided filing details
• Footnote: Filing notes an aggregate of 10,433 shares were acquired under the issuer’s 2021 Employee Stock Purchase Plan (ESPP) (F1)
• Filing timeliness: Reported with the same period date (filed 2026-03-06); no late-filing indicator provided

Context

• This was a direct purchase of shares, not an option exercise or award—no immediate sale (cashless exercise) or tax-withholding event is indicated.
• The reported purchase is modest in size (~$50k) relative to many insider transactions; purchases can be more informative than sales but do not prove future performance.
• Retail investors should treat this as one data point and consider the company’s broader fundamentals and other insider activity before making investment decisions.