ConnectM (NASDAQ: CNTM) CEO adds 3,359 shares in June open-market buys
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
ConnectM Technology Solutions, Inc. CEO Bhaskar Panigrahi reported amended insider purchases of common stock. On June 10 and 11, 2026, he made open-market purchases totaling 3,359 shares at per share prices of $6.7800 and $6.9600, bringing his direct holdings to 150,826 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,359 shares ($23,143)
Net Buy
2 txns
Insider
Panigrahi Bhaskar
Role
Chief Executive Officer
Bought
3,359 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,050 | $6.96 | $14K |
| Purchase | Common Stock | 1,309 | $6.78 | $9K |
Holdings After Transaction:
Common Stock — 150,826 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Total shares purchased: 3,359 shares
Shares bought June 10, 2026: 1,309 shares
Shares bought June 11, 2026: 2,050 shares
+3 more
6 metrics
Total shares purchased
3,359 shares
Aggregated common stock bought June 10–11, 2026
Shares bought June 10, 2026
1,309 shares
Open-market purchase at $6.7800 per share
Shares bought June 11, 2026
2,050 shares
Open-market purchase at $6.9600 per share
Holding after latest trade
150,826 shares
Direct CNTM common stock held after June 11, 2026
June 10 purchase price
$6.7800 per share
Price for 1,309-share open-market buy
June 11 purchase price
$6.9600 per share
Price for 2,050-share open-market buy
Key Terms
open-market purchase, Form 4, brokerage account, common stock
4 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"The Form 4 is being amended from the original filing date"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
brokerage account financial
"purchased an aggregated total of 3,359 shares ... through the Reporting Person's brokerage account"
common stock financial
"purchased an aggregated total of 3,359 shares of publicly traded common stock of the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transactions did CNTM CEO Bhaskar Panigrahi report in this Form 4/A?
Bhaskar Panigrahi reported two open-market purchases of CNTM common stock. He bought 1,309 shares on June 10, 2026 and 2,050 shares on June 11, 2026, for a combined 3,359 shares acquired directly.
Why was the CNTM Form 4 amended for CEO Bhaskar Panigrahi?
The Form 4 was amended to correct how purchase prices were shown. The amendment changes the disclosure from aggregated total cost per acquisition to the accurate per share purchase prices for the June 10–11, 2026 trades.
Were the June 2026 CNTM insider transactions open-market purchases?
Yes, both reported transactions are open-market purchases of common stock. The filing characterizes each trade with transaction code P and describes them as purchases in open market or private transactions through the CEO’s brokerage account.