CSPI insider Gary Levine adds to stake with small ESPP purchase

Rhea-AI Filing Summary

CSP Inc. (CSPI) Form 4 filing: Chief Financial Officer Gary W. Levine purchased 200 shares of CSPI common stock on 07/31/2025 at $9.747 per share under the company’s 2014 Employee Stock Purchase Plan. The transaction, coded “A” for an acquisition, raised his direct ownership to 198,696 shares. No derivative securities were reported and no sales took place. The Form 4 was signed on 08/06/2025. This represents a routine, small-scale insider purchase by a senior executive.

Positive

• CFO purchased 200 CSPI shares at $9.747, increasing direct holdings to 198,696

Negative

• Transaction size is immaterial relative to existing stake; limited signaling value

Insights

Securities Analyst

TL;DR: Minor insider buy; supportive but not market-moving.

Purchasing only 200 shares (~$1,950) is negligible against Levine’s existing 198k share position, so the filing doesn’t materially alter insider ownership or signal strong conviction. Because it was executed through the ESPP, the purchase is largely automatic, limiting informational value. Overall impact on valuation or liquidity is minimal, keeping sentiment neutral.

Corporate Governance Expert

TL;DR: Routine ESPP participation; governance norms maintained.

The CFO’s timely reporting and use of the 2014 ESPP demonstrates compliance with Section 16. While insider buys are generally seen as positive, the token size suggests personal participation rather than a strategic signal. No red flags on disclosure accuracy or timeliness were observed.

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^*

LEVINE GARY W

(Last) (First) (Middle)

215 BUNKER HILL ST.

(Street)

CHARLESTOWN MA 02129

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CSP INC /MA/ [ CSPI ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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	07/31/2025		A		200	A	$9.747	198,696	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:

Remarks:

Shares were purchased under 2014 Employee Stock Purchase Plan

	Gary W Levine	08/06/2025
	** 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

How many CSPI shares did CFO Gary W. Levine buy?

He acquired 200 common shares.

What was the purchase price reported in the Form 4?

The shares were bought at $9.747 per share.

When did the insider transaction occur?

The trade date was 07/31/2025 and the Form 4 was filed on 08/06/2025.

How many CSPI shares does the CFO now own directly?

After the purchase, he owns 198,696 shares.

Was the purchase made under a company plan?

Yes, the filing states it was under the 2014 Employee Stock Purchase Plan.