Director Thomas Jeffrey Hargroves purchases 97,276 shares of CING via private placement at $5.04; retains 92,821 derivative shares via warrants and options.
Director Thomas Jeffrey Hargroves acquired 97,276 shares at $5.04 on 2026-02-13 as part of a private placement, not a discretionary open-market purchase. His post-transaction holdings of 97,468 non-derivative shares represent a +50664.6% increase from his pre-transaction position of 192 shares, but this figure reflects only the registered component; he maintains 92,821 additional shares through derivative holdings (77,821 warrants and 15,000 options). The company is unprofitable, with net income of $-9,312,089.00 over its most recent full fiscal year, and the stock has declined -42.4% over the past 90 days and -61.9% from its 52-week high of $11.89. The private-placement structure means this purchase does not constitute a discretionary buying signal, and the substantial derivative position alongside modest non-derivative additions suggests his overall conviction is expressed through derivative vehicles rather than direct share accumulation.