Insider buying on Sep 12, 2025

On Sep 12, 2025, 46 insiders at 40 companies filed 153 purchases reported on Form 4, worth $55.2M in all, with a median purchase of $226. The largest was Sprott Eric, 10% owner of Hycroft Mining Holding Corp (HYMC), who reported buying 9,344,704 shares worth $40.0M. Officers accounted for 54 purchases, directors who are not officers for 85, and 10% owners with no board or officer role for 14. Chief executives and chief financial officers filed 42 purchases: Lenehan William H, President and CEO, Director of Four Corners Property Trust, Inc. (FCPT); Carter Thomas L Jr, CEO, President, and Chairman, Director of Black Stone Minerals, L.P. (BSM); Lee Tien-Li, Chief Executive Officer, Director, 10% owner of Aardvark Therapeutics, Inc. (AARD) among others. 11 companies showed cluster buying, two or more insiders buying within 7 days, among them SHEN (5 insiders), CTO (5 insiders), CPIX (4 insiders), PFBX (3 insiders). For 8 insiders of 46, this was the first purchase of that company's stock on our record. That is more than the 66 purchases filed on Sep 11, 2025. A Form 4 is due within two business days of the trade, so most of these purchases were made earlier in the week. Code P also covers shares bought privately from the company, so one large figure can be a negotiated placement rather than buying on the exchange.