EverHint — Insider Trading - November 10, 2025
November 10, 2025
Scope: Highlights from today’s Form 4s with emphasis on open-market buys/sells and any 10%-owner moves. Each item includes quick, recent context from public company news.
10%-Owner & Control-Level Activity
CEPO — Cantor Equity Partners I, Inc.
Who: Harraden Circle Investments (10% owner)
What: Sale 250,000 @ $10.425 ($2.61M), 11/06
Filing: SEC Form 4 (issuer index)
Context: Large holder trims near 52-week lows. (Investing.com)
ECAT — BlackRock ESG Capital Allocation Term Trust
Who: Saba Capital Management, L.P. (10% owner)
What: Sale 57,053 @ $16.10 ($918.6K), 11/06
Filing: SEC Form 4 (issuer index)
Context: Ongoing activist rotation across CEFs; ECAT’s indicated yield remains elevated. (Stock Titan)
ECF — Ellsworth Growth & Income Fund
Who: Saba Capital Management, L.P. (10% owner)
What: Buy 33,764 @ $12.15 ($410.2K), 11/07
Filing: SEC Form 4 (issuer index)
Context: Fresh CEF accumulation by Saba this morning. (Stock Titan)
Notable Insider Buys (Open-Market)
LSCC — Lattice Semiconductor
- Ford Tamer (President & CEO, Director): Buys multiple lots on 11/06–11/07 including 12,525 @ $63.91 (≈$800.5K on 11/06) and additional purchases on 11/07. → SEC Form 4 (issuer index)
Context: Follows last week’s Q3 print and outlook pointing to ~22% Q4 revenue growth on strengthening AI demand. (Stock Titan)
NCLH — Norwegian Cruise Line Holdings
- Zillah Byng-Thorne (Director): Buy 29,008 @ $18.11 ($525.3K), 11/06 → SEC Form 4
Context: Additional director buying flagged this morning as NCLH shares trade in the high-teens. (SEC)
PENN — PENN Entertainment
- Jay A. Snowden (CEO): Buy 34,700 @ $14.321 ($496.9K), 11/07 → SEC Form 4
Context: Lands just after PENN and ESPN mutually agreed to end their U.S. online-betting partnership effective Dec 1, 2025; ESPN pivots to a DraftKings tie-up while PENN refocuses on iCasino and rebrands its app. (Investing.com)
Notable Insider Sells (Open-Market)
MEGI — NYLI CBRE Global Infrastructure Megatrends Term Fund
- Reporting persons (see filing): Sale 108,100 shares (various prices), early Nov → SEC Form 4
Context: One of several recent CEF reallocations across the Saba-focused complex. (Stock Titan)
(Additional smaller director transactions in regional banks and closed-end funds posted today; signal value is lower unless part of a sustained pattern.)
Quick Take
- High-signal buys: LSCC (CEO accumulation post-guide) and PENN (CEO buy into a major strategic reset) carry the most informational weight today. Constructive skew if follow-through continues. (Stock Titan)
- Cruise lines: NCLH director purchase adds incremental confidence as the stock bases around high-teens. Watch for cluster-buys. (TradingView)
- CEF flows: Mixed Saba activity (buy ECF, sell ECAT) underscores active positioning in the space; treat as structural rather than company-specific. (Investing.com)
Method: We prioritize open-market Form 4s (codes P and S) and material 10%-owner moves, excluding routine awards, gifts, and tax-withholding entries. Dollar values = reported shares × price in the filings. Dates shown are transaction dates.
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