CEO Joseph Davy Buys $81K of Banzai Stock at $0.70 — 3.1% of Market Cap
PARA is trading near its 52-week low of $0.651 (1.1% above the low) on light trading volume (0.3× avg).
Summary
CEO Joseph Davy bought $81,176 of Banzai Class B stock at $0.70 per share, increasing his direct stake to 149,821 shares. The purchase represents about 3.1% of the company's market cap and comes days before a shareholder vote on a reverse stock split.
Key Events · Ownership and Investor Activity · PARA
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CEO Buys $81K of Stock
Joseph Davy purchased 115,965 shares of Class B common stock directly from the issuer for $81,176 at $0.70 per share on September 28, 2026.
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3.1% of Market Cap
The $76,351 transaction value equals roughly 3.1% of Banzai's $2.4M market cap — a highly significant insider purchase for a company this size.
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Direct Issuer Subscription
The shares were bought directly from the company under a subscription agreement, meaning the $81,176 in proceeds went to Banzai's balance sheet rather than to a selling shareholder.
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Near 52-Week Low
The purchase at $0.70 comes with the stock trading at $0.6584, just above its 52-week low of $0.651, and follows a going-concern warning and $0.6M cash balance reported in the Q2 10-Q.
Analysis · PARA · Technology
On September 28, 2026, CEO Joseph Davy purchased 115,965 shares directly from the company for $81,176 at $0.70 per share. The purchase equals roughly 3.1% of Banzai's market cap and comes while the stock trades near its 52-week low of $0.651. This is a direct subscription from the issuer, not an open-market trade, so the cash goes to the company rather than to a selling shareholder. Against the backdrop of Banzai's going-concern warning, $0.6M cash balance, and a series of deeply discounted convertible notes, the CEO putting real money in at $0.70 is a meaningful alignment signal — though the company's financial distress means the purchase also functions as emergency funding.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PARA was trading at $0.66 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.4M. The 52-week trading range was $0.65 to $79.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.