CION Investment Corporation

Major Shareholding Notification • Aug 15, 2024

FORM 4

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.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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

	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

* 1. N d A ddr of Rep ortin g P ame an ess erso n Are stia Ch arli e			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) C/O CI ON IN VE STM EN 100 PA RK AV EN UE , 25	(Firs t) T C OR P TH FL OO R	(Mid dle)	3. D of E arlie st T acti (Mo nth/ Day /Ye ar) ate rans on 08/ 12/2 024	X	Dire Ow ctor 10% ner Offi (giv e tit le b elow ) Oth er ( cify cer spe rks See Re ma
(Stre et) NE W Y OR K (Cit y)	NY 100 17 (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 3. T actio n Co de te rans rans (Mo nth/ Day /Yea r) Exe cutio n Da (Inst r. 8) te, if an y (Mo nth/ Day /Yea r) Cod V e		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 orte d Tr ction Instr . 3	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
					Amo unt	(A) o r (D)	Pric e	(s) ( Rep ansa and 4)		(Inst r. 4)
k, \$ Com n S 0.0 01 val toc mo par ue	08/ 12/2 024		P		450	A	\$11 .94	450	I	n(1) By 401 (k) Pla

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
ive S 1. T itle o f De rivat rity (Ins tr. 3 ) ecu	2. Con ion vers or E ise xerc Pric e of Der ivat ive	3. T actio rans n Date (Mo nth/ Day /Yea r)	3A. Dee med Exe cutio n Da te, if an y (Mo nth/ Day /Yea r)	n Co 4. T actio de rans (Inst r. 8)		5. N umb Sec uritie Disp osed 4 and 5)	f De rivat ive 6. D er o s Ac quire d (A ) or Exp of ( D) ( Inst r. 3, (Mo		rcisa ble a nd te /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)		8. P rice of Der ivat ive Sec urity (Ins tr. 5)	9. N umb f 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)	11. Natu f 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. Represents shares acquired in the Reporting Person's account with a third-party, non-Issuer 401(k) retirement savings plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Remarks:

Managing Director & Head of Investor Relations.

/s/ Charlie Arestia

** 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 See18 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.

08/14/2024

Date