RLMD insider Shenouda Maged (Chief Financial Officer) bought 200,000 shares (~$844.0K)
Shenouda Maged, listed as Chief Financial Officer at RELMADA THERAPEUTICS, INC., reported an open-market purchase of 200,000 RLMD shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
| Code | Nature | Shares | Price | Value |
|---|---|---|---|---|
P |
Open-market purchase | 120,200 | $4.20 | $504.8K |
P |
Open-market purchase | 79,800 | $4.25 | $339.1K |