Executive Chairman John Mazarakis Buys $509K of REFI Stock
REFI is trading near its 52-week low of $9.69 (9.9% above the low) on light trading volume (0.3× avg).
Summary
Executive Chairman John Mazarakis bought $508,940 of REFI stock in open-market purchases on August 26-27, increasing his direct holdings to 526,562 shares.
Key Events · Ownership and Investor Activity · REFI
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Chairman Buys $509K in Open Market
Executive Chairman John Mazarakis purchased 47,711 shares for $508,940 across two transactions on August 26-27 at $10.67 per share.
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Direct Holdings Rise to 526,562 Shares
Post-transaction direct ownership increased to 526,562 shares, with additional indirect holdings through spouse and Joppa Seasoning, LLC.
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Purchase Follows Merger Announcement
The buy comes after the June 18 announcement of a definitive all-stock merger with Chicago Atlantic BDC (LIEN), which remains on track per recent filings.
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Q2 Credit Deterioration Backdrop
The purchase follows Q2 results showing a 16% drop in net income, a nearly doubled CECL reserve, and two non-performing loans.
Analysis · REFI · Real Estate & Construction
Executive Chairman John Mazarakis purchased 47,711 shares for $508,940 across two open-market transactions on August 26-27 at $10.67 per share. This is a real-money purchase by a key insider, not an option exercise or grant. The buy comes amid a pending all-stock merger with Chicago Atlantic BDC and follows a Q2 report showing a 16% drop in net income and surging credit loss provisions. Insider accumulation of this size by the chairman suggests conviction in the merger and the company's credit outlook despite recent loan deterioration.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. 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, REFI was trading at $10.65 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $272.9M. The 52-week trading range was $9.69 to $14.57. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.