Arlington, Virginia, October 16th / PRNewswire / -- Market Updates News and Commentary — There are many ways for executives and directors to acquire stock: grants, exercise of options, performance-based rewards. None of these methods require them to pay out of their own pocket. However, buying on the open market is different. When insiders use their personal funds to buy stock at market prices and report the transaction to regulatory authorities, this is often one of the few public signals that outsiders can observe of how those closest to the company view its stock price. Since early September, this signal has appeared in the fields of defense, aerospace, and national security technology. It ranges from a newly independent aerospace company to a Virginia-based developer of decision-making intelligence software; both the chairman and CEO of the latter company bought stock this week.
The companies mentioned in today's comments include: Edge Total Intelligence Inc ( TSXV : CTRL ) ( OTCQB : UNFYF ) ( FSE : Q5I ), Honeywell Aerospace Inc ( NASDAQ : HONA ), Karman Holdings Inc ( NYSE : KRMN ), Castellum, Inc ( NYSE American : CTM ), and CSP Inc ( NASDAQ : CSPI ).
Key Points
- Buying on the open market is a transaction that requires insiders to spend their own money. Granting and exercising options falls under compensation; buying at market price, however, is considered personal investment. In Canada, this is disclosed through SEDI, while in the United States, it is disclosed through Form 4.
- The chairman and CEO of edgeTI purchased a total of 320,000 shares. Chairman James Barrett and CEO Jason Nichols bought shares on October 13th and 14th respectively, resulting in Barrett's shareholding almost doubling, while Nichols's shareholding increased by about 70%.
- The buying activity in this industry doesn't stop there. A director of Honeywell Aerospace purchased stocks worth $998,400 in September, while three directors of Karman Holdings bought a total of approximately $1.04 million on the same day.
- Smaller national security companies also made purchases. The Chief Operating Officer of Castellum bought 50,000 shares, and a shareholder of CSP Inc who holds more than 10% of the shares increased their holdings by 4,600 shares in September.
Why does the market focus on buying in the open market?
There are many reasons why insiders sell stocks: tax considerations, diversification of investments, home purchases, and pre-planned arrangements. Usually, there is only one reason for them to buy stocks. For this reason, investors tend to pay more attention to buying in the public market than selling, and they will read the relevant disclosure documents line by line. Buying is not a form of prediction, nor does it guarantee future returns, but it is indeed a public decision by individuals with inside information to purchase stocks at the current price using their own funds.
In the fields of national defense and national security technology, contract duration, budget, and project awarding can drive performance. Therefore, such disclosures are particularly meaningful for investors attempting to understand how management and the board of directors make their strategic decisions.
edgeTI and CEO made purchases in the same week.
According to an internal report submitted on SEDI, Edge Total Intelligence Inc ( TSXV : CTRL ) ( OTCQB : UNFYF ) ( FSE : Q5I ) – a real-time digital operations and decision-making intelligence software developer headquartered in Arlington, Virginia – both the chairman and CEO disclosed purchases in the public market this week.
On October 13th and 14th, the Chairman of the Board, James Barrett, purchased 170,000 shares of secondary voting rights stock through five-stroke transactions at prices ranging from C$0.3944 to C$0.4405 per share, for a total of approximately C$69,300. The disclosure shows that his holdings increased from 183,467 shares to 353,467 shares.
On October 13, CEO Jason Nichols purchased 150,000 shares of subordinated voting rights stock through three transactions, at prices ranging from $0.2970 to $0.3110 per share, for a total of approximately $45,600. The disclosure shows that his holdings increased from 213,000 shares to 363,000 shares.
The edgeCore platform of edgeTI is designed to act as a digital twin for organizations, connecting existing applications and data sources into a unified real-time operational view without the need to create new data storage. The company's partners include Austal USA and Sabel Systems Technology Solutions.
Other insiders in the industry are buying in.
Honeywell Aerospace Inc. ( NASDAQ : HONA )
Director Craig Arnold reported that on September 1, 2026, he purchased 6,400 shares of Honeywell Aerospace common stock from the public market at a price of $156.00 per share, for a total of $998,400. The documents show that after the purchase, his direct holdings amounted to 6,400 shares. Honeywell Aerospace began to trade as an independent company this year after the split with Honeywell International.
Karman Holdings Inc. ( NYSE : KRMN )
Three directors with the identifier Karman purchased stocks on September 16, 2026. According to the report from David Stinnett, they bought 27,000 shares at a weighted average price of $37.3203 per share, totaling approximately $1.01 million, which increased their direct holdings to 3,530,395 shares. Directors Mary D, Petryszyn, and Stephen Twitty purchased 500 shares and 275 shares respectively. Karman is responsible for designing, testing, manufacturing, and selling mission-critical systems for missile, defense, and aerospace projects, including payload protection, aerodynamic interstage structures, and propulsion systems.
Castellum, Inc. (NYSE American : CTM)
Chief Operating Officer Andrew Merriman reported that on September 9, 2026, he purchased 50,000 shares at prices of $0.6193 and $0.62 per share from the public market, for a total of approximately $31,000, which increased his direct holdings to 588,531 shares. Based in Vienna, Virginia, Castellum provides cybersecurity, electronic warfare, software development, and data analysis services to the U.S. federal government.
CSP Inc. ( NASDAQ : CSPI )
A shareholder of CSP Inc who holds more than 10% of the shares, Joseph R, Nerges, reported six purchases in the public market between September 11 and 15, 2026, totaling 4,600 shares at prices ranging from $7.75 to $7.96 per share, for a total of approximately $36,100. As a result, their stake increased to 1,423,500 shares. CSP provides technical solutions and high-performance products, including hosting services and its IT network security platform.
Stocks, technical analysis, insider buying, and regular market commentary can also be found at StockPreachers.com.
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