Director Su Ndamukong Buys 3,478 FG Nexus Shares as Stock Slides 40%—Inside Bet on Recovery?

Insider Buying Amid a Sharp Decline

On February 3, 2026, director Su Ndamukong purchased 3,478 shares of FG Nexus through a grant of restricted stock units (RSUs) under the 2021 Equity Incentive Plan. The transaction is a buy that raised Su’s ownership to 16,877 shares, representing roughly 0.02 % of the outstanding equity. The shares were issued at a nominal price of $0.00 because the RSUs vest on the grant date; the current market price was $1.78, a 0.18 % decline from the previous close. The deal is noteworthy not for its size but for its timing – it occurs as the stock has slid more than 40 % in the past week and is trading near its 52‑week low.

Implications for Investors

The purchase of RSUs by a director while the share price is at a low suggests confidence in a future rebound. RSUs are a form of long‑term incentive, tying the director’s wealth to the company’s performance over the next few years. For investors, this can be interpreted as a bullish signal: a key insider is aligning her interests with the shareholders and is willing to stake her equity on the company’s recovery. However, the overall insider activity in early February was dominated by the CEO and Chairman, Kyle Cerminara, who bought 8,359 shares in the same filing. Together, their actions indicate a concentrated buying spree, which may help stabilize the stock in the short term but does little to address the underlying liquidity and profitability concerns highlighted by the negative P/E and the steep price decline.

What It Means for FG Nexus’s Future

FG Nexus’s fundamentals remain weak: a P/E of –0.62, a market cap of only $76 million, and a share price that has lost more than 90 % of its 52‑week high. The director’s RSU purchase signals that management believes the current valuation is undervalued, but investors should watch for additional catalysts—such as the company’s announced buyback initiatives, the status of its Ethereum holdings, or a turnaround in its reinsurance underwriting metrics. If the company can demonstrate improved earnings or a clear path to profitability, the insider buying may translate into a credible rally. Absent such evidence, the transaction could simply reflect a short‑term opportunistic purchase rather than a long‑term endorsement.

Suh Ndamukong: A Profile of Consistent Commitment

Suh’s transaction history is sparse but consistent. Her last public purchase was on December 11, 2025, when she bought 2,826 shares for $0.00, bringing her holdings to 13,399 shares. The February 3, 2026 purchase doubles her position, indicating a willingness to increase exposure as the share price falls. Unlike some insiders who trade large blocks or engage in frequent buying and selling, Su’s activity appears disciplined and aligned with the company’s long‑term incentive structure. Her RSU purchase, coupled with the CEO’s larger block, underscores a coordinated effort among top management to demonstrate confidence in FG Nexus’s future prospects.

Bottom Line

While the insider purchases on February 3, 2026 provide a modest boost of confidence, they come against a backdrop of steep declines and weak fundamentals. For investors, the key will be to monitor whether these insider actions translate into tangible performance improvements. If FG Nexus can capitalize on its reinsurance and merchant banking strengths, the director dealing may be an early harbinger of a more optimistic trajectory. Until then, the stock remains a high‑risk play in a company whose valuation sits at the low end of the market’s expectations.