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# Insider & Smart-Money Digest — Nov 09, 2026
- URL: https://www.altamiraequity.com/insider-digest-2026-11-09/
- Published: 2026-11-09T18:07:12.000Z
- Updated: 2026-11-10T07:40:29.000Z
- Description: Top signal: High-conviction buy: KINDER RICHARD D bought $14.99M of KMI; forming (2 buyers): ACN, TSM.
- Author: Altamira Capital
- Tags: Money Flows, #qc-review

NYSE: OPEN · Form 4 filings through 06:11 AM PT · Edition window: filings dated Nov 06–Nov 09**Top signal:** High-conviction buy: KINDER RICHARD D bought $14.99M of KMI; forming (2 buyers): ACN, TSM.

## A · Cluster buys — 3+ insiders, 14 days

No active clusters today — no ticker has 3+ distinct insiders buying within 14 days.

![Insider & Smart-Money Digest 2026-11-09: the open-market buys (green) and the sales that tripped a notable-sale filter (red), by ticker, as tabulated in sections B and C](https://www.altamiraequity.com/content/images/2026/11/insider-digest-2026-11-09-flow.png)

Insider & Smart-Money Digest 2026-11-09: the open-market buys (green) and the sales that tripped a notable-sale filter (red), by ticker, as tabulated in sections B and C. Source: SEC Form 4 filings via the FMP insider feed, as tabulated in this digest.

## B · Today's Form 4 flow — the tracked universe

### Open-market buys filed since the last edition (2)

| Ticker | Insider            | Role                                                    | Txn date   | Shares @ price   | Value   | Stake Δ | SEC                                                                                                                                |
| ------ | ------------------ | ------------------------------------------------------- | ---------- | ---------------- | ------- | ------- | ---------------------------------------------------------------------------------------------------------------------------------- |
| TSM    | Splinter Michael R | director                                                | 2026-11-05 | 840 @ $357.00    | $300k   | +11%    | [Form 4](https://www.sec.gov/Archives/edgar/data/1046179/000104617926000734/0001046179-26-000734-index.htm?ref=altamiraequity.com) |
| KMI    | Kinder Richard D   | director, 10 percent owner, officer: Executive Chairman | 2026-11-06 | 500,000 @ $29.99 | $14.99M | +0%     | [Form 4](https://www.sec.gov/Archives/edgar/data/1506307/000150630726000139/0001506307-26-000139-index.htm?ref=altamiraequity.com) |

⚠️ **NFLX**: cluster selling — 4 distinct insiders sold in the last 14 days ($3.94M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.

⚠️ **CRWD**: cluster selling — 3 distinct insiders sold in the last 14 days ($30.42M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.

Filtered as noise this edition: 1 routine open-market sales ($121k total); 6 tax-withholding share payments; 3 option exercises; 3 grants/awards; 1 other non-market filings.

## C · High-conviction singles

| Ticker | Insider            | Role                                                    | Txn date   | Shares @ price   | Value   | Why                                    |
| ------ | ------------------ | ------------------------------------------------------- | ---------- | ---------------- | ------- | -------------------------------------- |
| KMI    | Kinder Richard D   | director, 10 percent owner, officer: Executive Chairman | 2026-11-06 | 500,000 @ $29.99 | $14.99M | $14.99M open-market buy; C-suite buyer |
| TSM    | Splinter Michael R | director                                                | 2026-11-05 | 840 @ $357.00    | $300k   | $300k open-market buy                  |

## D · Clusters forming — one buyer away

| Ticker | Buyers (14d) | $ bought | Window                  | Buyers                              |
| ------ | ------------ | -------- | ----------------------- | ----------------------------------- |
| ACN    | 2            | $3.20M   | 2026-10-26 → 2026-10-26 | Price Paula A, Sweet Julie Spellman |
| TSM    | 2            | $371k    | 2026-11-01 → 2026-11-05 | Splinter Michael R, Yuan Lipen      |

## E · Congress — newly disclosed (last 7 days)

| Ticker | Member               | Chamber | Type     | Amount           | Traded     | Disclosed  | Owner  |
| ------ | -------------------- | ------- | -------- | ---------------- | ---------- | ---------- | ------ |
| AAPL   | Shelley Moore Capito | Senate  | Sale     | $1,001 - $15,000 | 2026-10-21 | 2026-11-05 | Spouse |
| META   | Shelley Moore Capito | Senate  | Sale     | $1,001 - $15,000 | 2026-10-21 | 2026-11-05 | Spouse |
| MSFT   | Shelley Moore Capito | Senate  | Sale     | $1,001 - $15,000 | 2026-10-21 | 2026-11-05 | Spouse |
| NVDA   | Daniel Meuser        | House   | Sale     | $1,001 - $15,000 | 2026-09-25 | 2026-11-05 | Spouse |
| NVDA   | Maria Elvira Salazar | House   | Purchase | $1,001 - $15,000 | 2026-10-23 | 2026-11-05 | —      |
| NVDA   | Maria Elvira Salazar | House   | Purchase | $1,001 - $15,000 | 2026-10-23 | 2026-11-05 | —      |
| AMAT   | Josh Gottheimer      | House   | Purchase | $1,001 - $15,000 | 2026-10-26 | 2026-11-05 | Joint  |
| MSFT   | Sheldon Whitehouse   | Senate  | Sale     | $1,001 - $15,000 | 2026-10-15 | 2026-11-03 | Spouse |
| AVGO   | John McGuire         | House   | Sale     | $1,001 - $15,000 | 2026-09-24 | 2026-11-02 | Spouse |

STOCK Act disclosures lag the trade by up to \~45 days and amounts are ranges — corroborating sentiment, not a timing signal.

![Congressional trades newly disclosed in the covered names (last 7 days), purchases against sales per ticker, as listed in section E](https://www.altamiraequity.com/content/images/2026/11/insider-digest-2026-11-09-congress.png)

Congressional trades newly disclosed in the covered names (last 7 days), purchases against sales per ticker, as listed in section E. Source: STOCK Act disclosures via FMP senate/house feeds, as tabulated in this digest (amounts are ranges; counts only).

## F · Smart-money context — active names

**ACN** — Insider stats 2026 Q4: 3 open-market purchases vs 10 sales (last quarter: 0 vs 6) · free float 99.8% of 0.59B shares out · next earnings 2026-12-17 (38d)

**KMI** — Insider stats 2026 Q4: 1 open-market purchases vs 1 sales (last quarter: 0 vs 4) · free float 86.9% of 2.23B shares out

**TSM** — Insider stats 2026 Q4: 32 open-market purchases vs 0 sales (last quarter: 114 vs 1) · free float 99.9% of 5.19B shares out

## G · 14-day leaderboard — open-market insider flow

| Ticker | Score  | Buyers (14d) | $ bought | $ sold | Net $   | Signal  |
| ------ | ------ | ------------ | -------- | ------ | ------- | ------- |
| ACN    | **35** | 2            | $3.20M   | $0     | $3.20M  | forming |
| KMI    | **30** | 1            | $14.99M  | $0     | $14.99M | single  |
| TSM    | **20** | 2            | $371k    | $0     | $371k   | forming |

Method: Only open-market purchases (Form 4 code P) count as buy signals; sales are shown only when a notable-sale filter trips (C-suite ≥ $1M, any sale ≥ $10M, ≥25% of the seller's position, or 3+ sellers in 14 days), with the seller's post-sale stake shown for scale. Option exercises, grants, gifts and tax-withholding dispositions are counted as noise. Clusters require ≥3 distinct insiders (by reporting CIK) with purchase transaction dates inside a rolling 14-day window, computed over a 120-day local store of Form 4 rows for the tracked tickers. Signal score (0–100): cluster size (40/50/60), $ bought (5/10/15), buyer seniority (3–10), stake increase ≥10%/25% (5/10), buying within 10% of the 52-week low (10), freshness ≤3 days (5). Every row links to its SEC EDGAR filing. Sources: FMP insider trading (latest feed + per-symbol history + statistics), senate/house disclosures, shares float, batch quotes, earnings calendar — 16 API calls this run.

Research for information only — not investment advice; see [Disclosures](https://www.altamiraequity.com/disclosures/).