Paul Glavine, Chief Growth Officer at Cybin Inc., Buys Shares Worth $1.25 million

Cybin Inc. (CYBN) disclosed that Paul Glavine, who holds the position of Chief Growth Officer at the company, was involved in buying 100,000 shares, per a Form 4 filing with the SEC.

The transaction was executed at a price of $12.47 per share, for a total value of approximately $1.25 million.

Company insiders are required to disclose changes in their stock ownership to the SEC on Form 4, typically within two business days of the trade.

Insider buying is sometimes viewed by investors as a signal of confidence in a company's prospects, though a single transaction does not necessarily indicate a broader trend.