Insider buying on Dec 8, 2025

On Dec 8, 2025, 71 insiders at 60 companies filed 122 purchases reported on Form 4, worth $67.3M in all, with a median purchase of $19.4K. The largest was ValueAct Holdings II, L.P., Director of Salesforce, Inc. (CRM), who reported buying 96,000 shares worth $25.0M. Officers accounted for 50 purchases, directors who are not officers for 46, and 10% owners with no board or officer role for 24. Chief executives and chief financial officers filed 25 purchases: McGurn Kevin, Chief Executive Officer, Director, 10% owner of New America Acquisition I Corp. (NWAX); Hughes Owen, Chief Executive Officer, Director of XOMA Royalty Corp (XOMA); Lamba Sanjiv, Chief Executive Officer, Director of Linde Plc (LIN) among others. 17 companies showed cluster buying, two or more insiders buying within 7 days, among them EMBY (7 insiders), BWFG (5 insiders), NWBI (3 insiders), SRZN (2 insiders). For 12 insiders of 71, this was the first purchase of that company's stock on our record. That is more than the 99 purchases filed on Dec 5, 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.