Insider buying on Dec 17, 2025

On Dec 17, 2025, 53 insiders at 40 companies filed 90 purchases reported on Form 4, worth $98.8M in all, with a median purchase of $41.5K. The largest was New Mountain Guardian IV Rated Feeder III, Ltd., 10% owner of CIK 1925531, who reported buying 3,329,140 shares worth $33.3M. Officers accounted for 31 purchases, directors who are not officers for 55, and 10% owners with no board or officer role for 4. Chief executives and chief financial officers filed 15 purchases: Biglari, Sardar, Chairman and CEO, Director, 10% owner of Biglari Holdings Inc. (BH); Chamoun George, Chief Executive Officer, Director of ACV Auctions Inc. (ACVA); Cohn Charles K., Chief Executive Officer, Director, 10% owner of Nerdy Inc. (NRDY) among others. 15 companies showed cluster buying, two or more insiders buying within 7 days, among them EML (8 insiders), RZLT (5 insiders), CFBK (4 insiders), COO (3 insiders). For 11 insiders of 53, this was the first purchase of that company's stock on our record. That is fewer than the 134 purchases filed on Dec 16, 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.