Bitterman Robert J purchased $2K of PHIO
Bitterman Robert J (Chairman, Pres. & CEO) purchased 2,000 shares of Phio Pharmaceuticals Corp. (PHIO) at $1.03 on 2026-09-22.
How this was made
The 30-second read
Why it matters
The purchase is too small to move the stock, but it confirms the CEO's continued stake.
Market read
Routine insider purchase with negligible trading relevance.
What to watch
Potential upcoming corporate actions or financing needs not disclosed in the filing.
Background
SEC Form 4 filing discloses insider transactions. Phio Pharmaceuticals is a micro‑cap biotech.
Ticker impact
Chairman Robert J. Bitterman purchased 2,000 PHIO shares at $1.0289 each on 2026-09-22.
Minimal impact; likely no immediate price move.
The transaction size ($2k) is trivial relative to market cap, so market participants will not react strongly.
Counterpoint
Even small insider buys can signal confidence; some traders may view it as a subtle bullish cue.
Key entities
- CompanyPhio Pharmaceuticals Corp.
Biotech issuer of ticker PHIO.
- InsiderRobert J. Bitterman
Chairman, President & CEO of Phio.
