Insider & Smart-Money Digest — Nov 09, 2026
Top signal: High-conviction buy: KINDER RICHARD D bought $14.99M of KMI; forming (2 buyers): ACN, TSM.
NYSE: OPEN · Form 4 filings through 06:11 AM PT · Edition window: filings dated Nov 06–Nov 09Top 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.
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 |
| KMI | Kinder Richard D | director, 10 percent owner, officer: Executive Chairman | 2026-11-06 | 500,000 @ $29.99 | $14.99M | +0% | Form 4 |
⚠️ 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.
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.
