CION Investment Corporation

Major Shareholding Notification • May 23, 2024

Date: 05/22/2024 09:52 AM

Client: 24-15282-1_CION Investment Corporation_[ROMAN STEPHEN]_4 File: tm2415282-1_4seq1.xml Type: 4 Pg: 1 of 1

Toppan Merrill

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

or Section 30(h) of the Investment Company Act of 1940

Washington, D.C. 20549

	OM RO B A PP VA L
OMB Num ber:		3235 -028 7
Esti ed a mat vera ge burd en h ours per resp onse		0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

* 1. N d A ddr of Rep ortin g P ame an ess erso n RO MA N S TEP HE N 0 001 667 448			2. Is r Na and Tic ker or T radi ng S ymb ol sue me CIO N I Cor p [ CI ON ] stm ent nve	5. R elat ions hip of R rting Pe (s) t o Is epo rson sue r (Ch ble) eck all lica app
(Las t) (Firs t) (Mid dle) C/O CI ON IN VE STM EN T C OR P. 100 PA RK AV EN UE , 25 TH FL OO R			3. D of E arlie st T acti (Mo nth/ Day /Ye ar) ate rans on 05/ 22/ 202 4	X	Dire ctor Offi (giv e tit le b elow ) cer CC O & Se tary cre	Ow 10% ner Oth er ( cify be low ) spe
(Stre et) NE W Y OR K NY 100 17 (Cit y) (Sta te) (Zip )			4. If Am end t, D of O rigin al F iled (M onth /Da y/Y ear) ate men	6. In divi dua l or Join t/Gr Fili ng ( Che ck A ppli cab le L ine) oup X For m fi led by O ne R rting Pe epo rson m fi On For led by M than e R rting Pe ore epo rson

Ta ble I – No n-D eri ive Se riti Ac ire d, Dis sed of r B fic iall Ow ned vat cu es qu po , o ene y
1. T itle o f Se curit y (In 3) str.	2. T actio n Da 2A. Dee med te rans (Mo nth/ Day /Yea r) Exe cutio n Da te, if an y		3. T actio n Co de rans (Inst r. 8)		4. S ities Acq uired (A) or D ispo sed Of ( D) ( Instr . 3, 4 ecur and 5)			5. A f Se curit ies nt o mou Ben efici ally Own ed F ollow ing Rep d Tr ction (s) ( Instr orte . 3 ansa	6. O rship For m: D irect wne (D) or In dire ct (I ) (In 4) str.	7. N e of Ind irect atur Ben efici al O rship wne (Inst r. 4)
		(Mo nth/ /Yea r) Day	Cod e	V	Amo unt	(A) o r (D)	Pric e	4) and
, \$0 Com ock .00 1 pa lue n st mo r va	05/ 22/ 202 4		P		400	A	\$12 .41	(1) 9,54 6.44	D

Ta ble II De riv ativ e S riti Ac ire d, Dis sed of r B fic iall Ow ned ecu es qu po , o ene y – (e.g lls, ion tib le s riti es) uts nts pt ., p , ca wa rra , o s, c on ver ecu
f De ive S (Ins ) 1. T itle o rivat rity tr. 3 ecu	n Co 2. 3. T actio 3A. Dee med 4. T actio de 5. N umb rans n rans Con ion Date Exe cutio n Da te, (Inst r. 8) Sec uritie vers or E ise (Mo nth/ Day /Yea r) if an Disp xerc y Pric e of (Mo nth/ Day /Yea r) 4 Der ivat ive and 5)		osed	f De rivat ive 6. D ate Exe rcisa ble a nd er o s Ac quire d (A ) or Exp iratio n Da te of ( D) ( Inst r. 3, (Mo nth/ Day /Yea r)		f Se 7. T itle a nd A nt o curit ies U nde rlyin mou g Deri vativ e Se curit y (In str. 3 an d 4)		of 8. P rice Der ivat ive Sec urity (Ins tr. 5)	f 9. N umb er o Deri vativ e Se curit ies Ben efici ally Own ed Follo wing Rep d orte Tran ion(s ) (In 4) sact str.	10. O rship wne Form : Dir ect (D) or In dire ct (I ) (Inst r. 4)	f 11. Natu re o Indir ect Ben efici al Own ersh ip (Inst r. 4)
	Sec urity			Cod e	V	(A)	(D)	Date Exe rcisa ble	Exp iratio n Date	Title	Amo or N umb unt er of S hare s

Explanation of Responses:

1. Includes 1,596.44 shares acquired under the Issuer's distribution reinvestment plan.

Remarks:

/s/ Stephen Roman

** Signature of Reporting Person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Date