Ann: CEO Buys Medlab Shares - Appendix 3Y, page-7

From my point of view, adding 95,744 shares for a consideration of $8.997.50 is not really a ringing endorsement.

Especially given
a) the amount of money he is paid as salary
b) his holdings prior to the purchase.
- 58,025,555 ordinary shares
- 500,000 ordinary shares
- 4,000,000 unlisted 0.20 options expiring October 21, 2022

Which means his holdings after purchase will be
- 58,121,299 ordinary shares ==> about a 0.16% increase
- 500,000 ordinary shares
- 4,000,000 unlisted 0.20 options expiring October 21, 2022

As a percentage of his prior holding, he has increased the amount held by about 0.16%
As a percentage of his income, if you use the 440k from the remuneration report, it is around 2%. (could have used a higher number given there was other money paid to super and for the company purchasing his vacation time, but chose to be conservative)

Don't know how much he would have to tip in for it to be a ringing endorsement. But, IMO, 9k to buy under 100K shares seems pretty lukewarm.