Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
Cettire Shares Jump 21% After Founder Dean Mintz Buys AU$2.73 Million in Stock
Highlights:
Strong Support From the Company’s Leadership
Cettire Limited (ASX: CTT) said on 30 September 2026 that Dean Mintz, its founder and director, had made a large on-market purchase of the company's shares. The company lodged an Appendix 3Y Change of Director's Interest Notice, and Mintz filed a Form 604 Notice of Change of Interests of Substantial Holder. Both documents show the purchase took place on 30 September 2026.
Mintz bought 11,437,140 fully paid ordinary shares for a total of AU$2,733,476.46. According to Annexure A of the Form 604, he paid an average of AU$0.239 per share and no more than AU$0.25 for any single share.
Holding Climbs to Nearly 39%
Before the purchase, Mintz held 137,182,925 ordinary shares directly, along with 22,874,292 performance rights. He now holds 148,620,065 ordinary shares. His performance rights are unchanged. The Form 604 shows his voting power rising from 35.98% to 38.98%, an increase of three percentage points. His previous substantial holder notice was dated 22 September 2025, and his last director's interest notice was filed on 1 December 2025.
The filing says Mintz is the registered holder of the shares, or will be once the on-market trades settle on a T+2 basis. This gives him a relevant interest pursuant to section 608(1)(a) of the Corporations Act. He reported no changes in association with other parties. The Appendix 3Y also confirms the trade was not made during a closed period that required prior written clearance.
Market Responds Positively
Investors reacted strongly. Cettire shares closed the latest session at AU$0.285, up AU$0.050, or 21.28%. At that price, the newly bought shares are worth about AU$3.26 million, roughly AU$526,000 more than Mintz paid. His full stake of 148.6 million shares is now worth about AU$42.4 million.
What It Means for Investors
Insider purchases, particularly by founders who already hold significant stakes, are often viewed as an indication of confidence in the company’s future prospects. Mintz spent more than AU$2.7 millions of his own money at prices near AU$0.24. That suggests he sees value in the stock at its recent levels.
The larger stake also gives Mintz more influence over the company's direction, with close to two-fifths of the voting shares. Investors should still keep in mind that insider buying does not guarantee future performance. Sharp one-day moves in small-cap stocks can also reverse quickly. Shareholders will likely watch Cettire's upcoming trading updates and financial results to see whether the business performance supports the founder's renewed bet.
Note- All data presented is based on information available at the time of writing.
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