EverHint — Insider Trading Radar (November 12, 2025)

November 12, 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

ASA — ASA Gold & Precious Metals
Who: Saba Capital Management, L.P. (10% owner)
What: Buy 10,286 @ $47.64 ($490,025), 11/11
Filing: SEC Form 4 (issuer index)
Link: https://www.sec.gov/Archives/edgar/data/1230869/000151028125000569/0001510281-25-000569-index.htm

ECAT — BlackRock ESG Capital Allocation Term Trust
Who: Saba Capital Management, L.P. (10% owner)
What: Buy 17,653 @ $16.28 ($287,391), 11/10
Filing: SEC Form 4 (issuer index)
Link: https://www.sec.gov/Archives/edgar/data/1864843/000151028125000568/0001510281-25-000568-index.htm

GF — The New Germany Fund
Who: Saba Capital Management, L.P. (10% owner)
What: Buy (multiple lots), recent dates per filing
Filing: SEC Form 4 (issuer index)
Link: https://www.sec.gov/Archives/edgar/data/858706/000151028125000572/0001510281-25-000572-index.htm

Notable Insider Buys (Open-Market)

OPEN — Opendoor Technologies

• Kasra Nejatian (CEO/Director): Buy 125,000 @ $8.0365 ($1.00M), 11/11 → SEC Form 4
  Context: Insider purchase follows leadership changes and a strategic “reset” highlighted around Q3 communications. Coverage this week noted the CEO’s push to position Opendoor as more software/AI-driven. (Morningstar)

ANVS — Annovis Bio

• Michael B. Hoffman (Director): Buy 975,610 @ $2.05 ($2.00M), 10/28 → SEC Form 4
  Context: Company reported Q3 updates today, including program progress and recent financing background. (Yahoo Finance)

DKNG — DraftKings

• Harry Sloan (Director): Buy (size/pricing per Form 4), recent
• Gregory W. Wendt (Director): Buy (size/pricing per Form 4), recent
  Filings: SEC Form 4 (issuer index for each director)
  Context: Arrives days after ESPN named DraftKings its exclusive sportsbook partner starting Dec 2025. (ESPN Press Room U.S.)

TAP — Molson Coors Beverage

• Andrew Thomas Molson (Director): Buy 7,500 @ $46.79 ($350,924), 11/10 → SEC Form 4 (issuer index)
  Context: Fresh director accumulation reported this morning. (investing.com)

REZI — Resideo Technologies

• Andrew C. Teich (Director, 10% owner): Buy 8,148 @ $30.68 ($249,956), 11/10 → SEC Form 4 (issuer index)
  Context: Insider add flagged today by several outlets. (TradingView)

RXO — RXO, Inc.

• Thomas A. Szlosek (Director): Buy 20,308 @ $12.37 ($251,209), 11/07 → SEC Form 4 (issuer index)
  Context: Noted as a purchase near 52-week lows. (investing.com)

Notable Insider Sells (Open-Market)

VIAV — Viavi Solutions

• Keith Barnes (Director): Sale 121,467 (aggregate), recent → SEC Form 4
  Context: Fresh Form 4 posted this week; media tallied the value at roughly $2.21M. (Benzinga)

GCT — GigaCloud Technology

• Xinyan Hao (Reporting person): Sale (size/pricing per Form 4), recent → SEC Form 4 (issuer index)

WHLR — Wheeler Real Estate Investment Trust

• Kerry G. Campbell (Officer/Director): Sale (size/pricing per Form 4), recent → SEC Form 4 (issuer index)

NQP — Nuveen Pennsylvania Quality Municipal Income Fund

• Saba Capital Management, L.P. (10% owner): Sale (CEF rotation), recent → SEC Form 4 (issuer index)

(Additional smaller CEF and bank director transactions posted today; signal value is lower unless part of a sustained pattern.)

Quick Take

• High-signal buys: OPEN CEO purchase and DKNG director buys have the strongest narrative support (leadership reset at Opendoor; ESPN/DraftKings exclusive partnership). Constructive skew if accumulation continues. (Morningstar)
• Biotech: ANVS director’s $2M buy ahead of today’s Q3 update is notable—keep an eye on clinical cadence and cash runway post recent raise. (Yahoo Finance)
• Value/turnaround watch: REZI and RXO insider adds are confidence-building near perceived trough levels. (TradingView)
• CEF flows: Saba remains active across closed-end funds (ASA/ECAT buys vs. NQP sells). Treat as structural positioning rather than issuer-specific fundamentals. (ESPN Press Room U.S.)

Method: We prioritize open-market Form 4s (codes P/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.

Independent research. No hype, no pumps, no paid promotions — just clean, data-driven signals and concise context.