CEO Schaffer buys 6,809 shares of CING at $5.04; holdings +202.3%, cluster buy pattern amid -$7.3M net income
Chief Executive Officer Schaffer Shane J. purchased 6,809 shares at $5.04 per share on 2026-02-06, increasing his holdings by 202.3% from 3,366 to 10,175 shares. This buy occurs within a cluster pattern where 3 other insiders also purchased within the past 14 days, suggesting coordinated or concurrent confidence. The transaction is notable given the company's negative net income of $-7,341,062.00 over its most recent full fiscal year; despite unprofitability, the CEO is materially expanding his ownership stake. The stock has appreciated 47.3% over 30 days and 79.5% over 90 days from prior levels, and currently trades at $6.82—35.2% above the purchase price—leaving room to assess whether this accumulation aligns with operational recovery or positions ahead of strategic shifts.