Insider trading on November 24, 2025
92 insiders at 80 companies bought $44.2M of their own stock on the open market, across 116 transactions. The largest was Audax Private Credit Business, LP, 10% Owner, buying $10M of Audax Private Credit Fund, LLC.
22 chief executives bought: Biglari, Sardar at BH, Labe James at TPVG, Stanton Thomas R at ADTN and 19 more.
Insiders sold $763.6M across 550 open-market sales. That is 17.3× the value bought. Selling routinely outweighs buying, because most executive pay is delivered in stock.
Open-market purchases
Code P only — insiders spending their own money, largest first.
ONEWPBUY▲↓$495.3K
Singleton Philip Austin… · Executive ChairmanNov 24, 2025
43,179 sh @ $11.47 · +6.1% own
Open-market sales
Pre-arranged 10b5-1 trades are marked.
ARESSSELL◷$16.9M
Arougheti Michael J · Co-Founder and CEONov 24, 2025
112,806 sh @ $150.15 · -19.1% own