When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.

Impac Mortgage Holdings

The Trade: Impac Mortgage Holdings, Inc. (NYSE:IMH) 10% owner Richard H Pickup acquired a total of 700000 shares at an average price of $1.28. The insider spent $896,000.00 to acquire those shares.

What’s Happening: Impac Mortgage, during August, reported a Q2 loss of $0.42 per share.

What Impac Mortgage Does: Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio.

Super League Gaming

The Trade: Super League Gaming, Inc. (NASDAQ:SLGG) Chief Commercial Officer Evan Matthew Edelman acquired a total of 10000 shares shares at an average price of $3.20. The insider spent $31,983.00 to buy those shares.

What’s Happening: Super League Gaming recently entered into asset purchase deal with Bloxbiz for $6 million.

What Super League Gaming Does: Super League Gaming Inc is an esports community and content platform. It offers a personalized experience to the large audience of gamers.

Agile Therapeutics

The Trade: Agile Therapeutics, Inc. (NASDAQ:AGRX) 10% owner Perceptive Advisors Llc, Perceptive Life Sciences Master Fund Ltd, Joseph Edelman acquired a total of 5734560 shares at an average price of $0.85. To acquire these shares, it cost $4,874,376.00.

What’s Happening: Agile Therapeutics recently priced its $22.666 underwritten public offering at $0.85 per share.

What Agile Therapeutics Does: Agile Therapeutics Inc is a women's healthcare company to fulfill the unmet health needs of women. Its product candidates are designed to provide women with contraceptive options.