[Form 4] CION Investment Corporation Insider Trading Activity

Rhea-AI Filing Summary

CION Investment Corp. insider Michael A. Reisner, who serves as Co-Chairman & Co-CEO and a director, reported a purchase of 472 shares of the issuer's common stock on 08/12/2025 at a price of $10.57 per share, as shown on a Form 4. The Form 4 shows 46,474.38 shares listed under "Amount of Securities Beneficially Owned Following Reported Transaction(s)" and is signed by Reisner on 08/13/2025.

The filing also explains record ownership: Reisner is the record holder of 15,175 shares and CION Investment Group, LLC is the record holder of 62,598.77 shares (including 5,932.67 shares from the issuer's distribution reinvestment plan). The filing states Reisner and another individual control CIG and that Reisner disclaims beneficial ownership of CIG's shares except to the extent of his pecuniary interest.

Positive

• Reported purchase: 472 shares acquired on 08/12/2025 at $10.57 per share as disclosed on Form 4.
• Ownership detail disclosed: Filing provides specific record-holder counts, including 15,175 shares for Reisner and 62,598.77 shares for CION Investment Group, LLC.

Negative

• None.

Insights

Securities Analyst

TL;DR: A small, reported insider purchase of 472 shares at $10.57; disclosure completed with signature on 08/13/2025.

The Form 4 documents a purchase transaction by Michael A. Reisner on 08/12/2025 for 472 common shares at $10.57 per share, with the post-transaction beneficial ownership recorded as 46,474.38 shares. For markets, the absolute size of this purchase is limited and the filing’s primary function is regulatory transparency. The reported split between Reisner's direct holdings and those held by CION Investment Group, LLC is explicitly described in the explanatory section of the filing.

Corporate Governance Expert

TL;DR: Form 4 discloses both direct and indirect holdings and includes a Rule 16a-1(a)(4) disclaimer regarding CIG-held shares.

The filing identifies Reisner as Co-Chairman & Co-CEO and a director and explains governance-related ownership: Reisner directly holds 15,175 shares while CION Investment Group, LLC holds 62,598.77 shares, including 5,932.67 via the issuer’s distribution reinvestment plan. The filing states Reisner may be deemed an indirect beneficial owner of CIG’s shares but disclaims beneficial ownership except to the extent of his pecuniary interest, citing the applicable Rule. The form is signed and dated 08/13/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reisner Michael A

(Last) (First) (Middle)

C/O CION INVESTMENT CORP.

100 PARK AVENUE, 25TH FL

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CION Investment Corp [ CION ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chairman & Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, $0.001 par value	08/12/2025		P		472	A	$10.57	46,474.38(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Mr. Reisner is the record holder of 15,175 shares, and CION Investment Group, LLC ("CIG") is the record holder of 62,598.77 shares that include 5,932.67 shares acquired under the Issuer's distribution reinvestment plan. Mr. Reisner, together with another individual, controls CIG and, as a result may be deemed to be the indirect beneficial owner of the shares held by CIG. As permitted by Rule 16a-1(a)(4) under the Exchange Act, Mr. Reisner disclaims beneficial ownership of the shares held by CIG except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Michael A. Reisner	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Michael A. Reisner report for CION (CION)?

He reported acquiring 472 shares of CION common stock on 08/12/2025 at a price of $10.57 per share.

What positions does the reporting person hold at CION?

The Form 4 lists Michael A. Reisner as a Director and an Officer with the title Co-Chairman & Co-CEO.

How many shares does Reisner directly and indirectly have according to the filing?

The filing states Reisner is the record holder of 15,175 shares and CION Investment Group, LLC holds 62,598.77 shares; the Form shows 46,474.38 shares as the amount beneficially owned following the reported transaction.

Does the filing mention shares acquired through a reinvestment plan?

Yes. The filing states CION Investment Group, LLC’s holdings include 5,932.67 shares acquired under the issuer’s distribution reinvestment plan.

When was the Form 4 signed by Michael A. Reisner?

The Form 4 bears Reisner’s signature dated 08/13/2025.