Bitterman Robert J purchased $20K of PHIO
Bitterman Robert J (Chairman, Pres. & CEO) purchased 25,000 shares of Phio Pharmaceuticals Corp. (PHIO) at $0.82 on 2026-11-09.
How this was made
The 30-second read
Why it matters
The purchase is modest and unlikely to affect PHIO's stock price significantly.
Market read
A routine insider purchase with limited trading relevance.
What to watch
Potential upcoming clinical data releases could make the purchase more meaningful.
Background
Form 4 filing discloses insider transactions required by SEC regulations.
Ticker impact
Insider Chairman Robert J. Bitterman bought 25,000 PHIO shares at $0.82 each, a $20.5K purchase.
modest upward pressure as market views insider buying positively
Purchase size is tiny relative to market cap; impact limited to short‑term sentiment.
Market effects
Minimal effect on biotech sector; typical insider activity.
No regional impact.
Not relevant globally.
Counterpoint
Insider buying could be a routine portfolio rebalancing, not a bullish signal.
Key entities
- CompanyPhio Pharmaceuticals Corp.
Biopharma company developing therapies.
- IndividualRobert J. Bitterman
Chairman, President & CEO of PHIO.

