Joseph R. Nerges has filed 163 Form 4 transactions, all in a single company, CSPI, and every one of them is an open-market purchase. The total buy value is $962,873.50, with zero sales, zero acquisitions, and zero exercises. The pattern is unambiguous: he has not sold a single share in any filing, and the recent activity shows 25 consecutive buys with no sells.
The buying is steady and frequent. In September 2026 alone, he made purchases on the 11th, 14th, and 15th, with values ranging from $221.20 to $12,400. That follows a cluster in June 2026, when he bought on the 8th, 9th, and 10th, with individual transactions between $588.95 and $8,750. The May 2026 block was heavier, with buys on the 11th, 12th, and 13th totaling roughly $31,570.64 across six trades. March 2026 saw another five purchases between $1,718 and $4,290, and the streak goes back to February 25, 2026, with an $870 buy.
The dollar amounts are modest per trade, but the frequency is the story. Nerges is adding to his CSPI position on a near-monthly basis, often with multiple trades on the same day. The largest single transaction in the recent window was $13,830 on May 11, 2026. There is no indication of profit-taking, tax-related sales, or option exercises. The data shows a consistent, one-directional accumulation of CSPI shares over at least seven months.
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