$PARA · Banzai International, Inc.
Banzai International filed an 8-K disclosing that CEO and Chairman Joseph Davy entered into a Subscription Agreement on September 25, 2026, to purchase 115,965 shares of Class B Common Stock for $81,176 in cash at $0.70 per share. The per-share price matched the Class A closing bid on Nasdaq immediately prior to execution. Davy retains a 25.6% voting interest following the transaction.
- CEO Joseph Davy purchased 115,965 shares of Class B Common Stock for $81,176 in cash.
- Purchase price was $0.70 per share, equal to the Class A closing bid price immediately prior to execution.
- Following the purchase, Davy maintains a 25.6% voting interest in the company's voting securities.
- The transaction was executed via a Subscription Agreement dated September 25, 2026.
- Class B shares carry par value of $0.0001; Class A trades on Nasdaq under ticker PARA.
Extended-hours last trade at $0.61, down 6.02% from the regular close of $0.65. The CEO insider buy at $0.70 — above both the regular close and extended-hours price — signals conviction but has not stemmed the after-hours decline.
A CEO putting $81K cash into his own company's stock at market price is a tangible insider conviction signal, especially at a micro-cap level.
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The $0.70 purchase price was set at the Class A closing bid, yet the stock is trading below that level in extended hours, suggesting near-term downside risk despite insider support.
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