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# Insider & Smart-Money Digest — Nov 10, 2026
- URL: https://www.altamiraequity.com/insider-digest-2026-11-10/
- Published: 2026-11-10T17:33:57.000Z
- Updated: 2026-11-10T17:33:57.000Z
- Author: Altamira Capital
- Tags: Money Flows, #qc-needs-fix

NYSE: OPEN · Form 4 filings through 06:12 AM PT · Edition window: filings dated Nov 09–Nov 10**Top signal:** notable sale: ANET $12.96M (mega sale of $12.96M); forming (2 buyers): 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

No new open-market buys filed since the last edition.

### Notable sales — the ones that are not noise (1)

| Ticker | Insider              | Role             | Txn dates  | Shares | Total value | Stake after                | Why flagged          |
| ------ | -------------------- | ---------------- | ---------- | ------ | ----------- | -------------------------- | -------------------- |
| ANET   | Bechtolsheim Andreas | 10 percent owner | 2026-11-05 | 77,657 | $12.96M     | 180,077,989 sh (\~$30.05B) | mega sale of $12.96M |

⚠️ **NFLX**: cluster selling — 3 distinct insiders sold in the last 14 days ($2.79M 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 ($27.82M total). Weight with care: broad officer selling is often vest-cycle flow, not a coordinated exit.

Filtered as noise this edition: 13 routine open-market sales ($30.06M total); 1 gifts; 31 synchronized plan purchases (TSM) — whole officer corps at one price on one date = plan allotment, excluded from all signals.

## C · High-conviction singles

No non-cluster buys tripped a conviction filter in this edition.

## D · Clusters forming — one buyer away

| Ticker | Buyers (14d) | $ bought | Window                  | Buyers                         |
| ------ | ------------ | -------- | ----------------------- | ------------------------------ |
| 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  |
| ------ | -------------------- | ------- | -------------- | ---------------- | ---------- | ---------- | ------ |
| 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   | Shelley Moore Capito | Senate  | Sale (Partial) | $1,001 - $15,000 | 2026-10-21 | 2026-11-04 | Spouse |
| META   | Shelley Moore Capito | Senate  | Sale (Partial) | $1,001 - $15,000 | 2026-10-21 | 2026-11-04 | Spouse |
| AAPL   | Shelley Moore Capito | Senate  | Sale (Partial) | $1,001 - $15,000 | 2026-10-21 | 2026-11-04 | 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

**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

**ANET** — Insider stats 2026 Q4: 0 open-market purchases vs 49 sales (last quarter: 0 vs 233) · free float 83.3% of 1.26B shares out · 14d open-market sales: $88.88M by 1 insider(s) vs buys $0

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

| Ticker | Score  | Buyers (14d) | $ bought | $ sold | Net $   | Signal  |
| ------ | ------ | ------------ | -------- | ------ | ------- | ------- |
| KMI    | **25** | 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 — 18 API calls this run.  
Notes: 31 synchronized plan purchase(s) flagged as non-signal flow.