40 companies had officers and board members buying at market prices in filings dated Nov 12, 2025, about $115.9 million combined. The biggest was EVMN (Evommune, Inc.), where LSP 7 Cooperative UA led about $70 million of buying.
Cluster buying (3+ insiders) is running at 56 companies this month. C-suite buying: 14 companies. One buy doesn't make a thesis, but it's a good place to start digging.