Director Knuckles Kenneth bought 8,982 shares ($15.0K) of CARV at $1.67; 4 other insiders also bought in past 14 days amid -$2.1M net loss.
Knuckles Kenneth purchased 8,982 shares at $1.67, increasing his stake from 1,000 to 9,982 shares—a 898.2% increase relative to pre-transaction holdings. This transaction is part of a cluster pattern: 4 other insiders also bought within the past 14 days, suggesting coordinated accumulation at the management level. The underlying context is material: CARVER BANCORP is unprofitable with a net loss of $-2.1M over its most recent full fiscal year and quarterly revenue of $711,000.00. The stock trades at $1.83 currently, down 21.8% from its 52-week high of $2.34, placing it near the lower bound of the 52-week range ($1.29–$2.34). The cluster buying pattern during a period of depressed valuation and operational losses warrants investor scrutiny of management's apparent confidence signal against the company's documented financial distress.