Insider at Cybin Inc. Buys $4.94 million in Stock

, who serves as an insider at Cybin Inc. (CYBN), purchased 400,000 shares of the company's stock, according to a disclosure filed with the U.S. Securities and Exchange Commission.

The transaction was executed at a price of $12.35 per share, for a total value of approximately $4.94 million.

Insider transactions of this kind are publicly disclosed through Form 4 filings with the SEC, which must generally be submitted within two business days of the trade date.

Purchases by company insiders are one of several signals investors monitor, alongside earnings results and broader sector trends.