Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- 3 different insiders bought in the last 90 days.
Reasons for caution
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
- Similar past buys beat the S&P 500 only 45% of the time (855 cases); the typical one trailed it by 2.3%.
- Their past buys: only 2 of 12 beat the S&P 500.
What happened after this filing
Insider Twins: past buys with the same traits
3+ insiders buying · no CEO or CFO
ALMS Dec 1, 2025 +302.8% vs S&PFSLY Mar 23, 2020 +215.2% vs S&PORGO Dec 3, 2020 +189.2% vs S&PATER May 25, 2021 -88.8% vs S&PPSNY Jul 6, 2026 -72.1% vs S&PNYC May 13, 2022 -66.1% vs S&PWhat we couldn't check
- Why they traded. Filings don't say, and we don't guess.
- Company news after the filing, and any private terms.
Ra Capital Management, L.P. (a director) bought $47M of BBTX at about $15.79 between Oct 30, 2026 and Nov 2, 2026, reported to the SEC on Nov 3, 2026. Buys like this beat the S&P 500 45% of the time since 2020, against 46% for all insider buys. We found 2 points that make it worth a closer look and 3 reasons for caution. History, not a prediction.
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Written by fixed rules from SEC filings and our measured history, not by an AI model. Public data only. History, not a prediction, and not investment advice.