Jonathan Schechter, Oblong director, buys $27,321 in shares

Director Jonathan Schechter of Oblong, Inc. (NASDAQ:OBLG) has purchased 10000 shares of common stock at a price of $2.7321 on September 16, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the stock trades near $2.44, down nearly 30% year-to-date. According to InvestingPro analysis, OBLG appears undervalued despite its volatile price movements.

The transaction involved a purchase of 10000 shares for a total value of $27321. Following the transaction, Schechter directly owns 10000 shares of Oblong, Inc., representing a small portion of the company’s $5.6 million market capitalization. InvestingPro data shows the company maintains strong liquidity with a current ratio of 7.2, though it faces profitability challenges.

The filing also noted that Schechter holds warrants for 61.351 shares of Oblong, Inc. common stock, exercisable at $3.4144, expiring on 2028-10-01. Track insider transactions and access 8 additional key insights about OBLG with an InvestingPro subscription.

In other recent news, Oblong, Inc. has made significant strides in its strategic pivot toward decentralized artificial intelligence by investing $7 million to acquire over 21,700 TAO tokens. These tokens are part of the Bittensor decentralized AI network, and Oblong has ensured their security through BitGo’s institutional-grade infrastructure. Additionally, Oblong has further solidified its commitment to this strategy by investing an additional $1.65 million to purchase 5,025 more TAO tokens. This purchase was funded by proceeds from a recent $7.5 million financing round.

In a related development, Oblong has appointed Siam Kidd, Co-Founder and Chief Investment Officer of DSV Fund, as the inaugural member of its newly formed Advisory Committee. Kidd will provide guidance on Oblong’s treasury investments in Bittensor, leveraging his 21 years of financial market experience. His expertise includes mergers and acquisitions and hedge fund management, particularly focusing on decentralized AI investments. These recent developments underscore Oblong’s commitment to its strategic shift toward digital assets and decentralized AI.

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