Major TOI holder Jorey Chernett adds 50,000 Oncology Institute shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oncology Institute, Inc. disclosed that major shareholder Jorey Chernett, a more than ten percent owner, made an open-market purchase of 50,000 shares of common stock. The shares were bought at a weighted average price of $3.15 per share, with individual trade prices ranging from $3.11 to $3.19. Following this transaction, Chernett directly owns 10,451,929 shares of Oncology Institute common stock, indicating this buy added modestly to an already large position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,000 shares ($157,500)
Net Buy
1 txn
Insider
Chernett Jorey
Role
10% Owner
Bought
50,000 shs ($158K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 50,000 | $3.15 | $158K |
Holdings After Transaction:
Common Stock — 10,451,929 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Oncology Institute (TOI) report for Jorey Chernett?
Oncology Institute reported that major shareholder Jorey Chernett bought 50,000 common shares. The transaction was an open-market purchase, increasing his direct holdings to 10,451,929 shares, signaling a small incremental addition to an already substantial ownership stake.
Was the Oncology Institute (TOI) insider transaction an open-market buy or another type?
The transaction was an open-market purchase of common stock. The Form 4 identifies it with code P, described as a purchase in the open market or private transaction, rather than a grant, option exercise, or tax-related disposition.
Does the Form 4 for Oncology Institute (TOI) mention any trading plan for this purchase?
The disclosure describes pricing details but does not reference a Rule 10b5-1 trading plan. It notes the trades were executed across multiple prices and offers to provide full breakdowns to the issuer, security holders, or SEC staff upon request.