Skip to content
Insider tapeFilings through Fri, Nov 13
My stocks
✦ Spy Mode investigation

Thomas L. Carter Jr.'s $686K purchase of BSM

Black Stone Minerals, L.P. · Chair · filed Nov 10, 2026. Opened Nov 10, 2026, last checked Nov 13, 2026. Waiting for the 7-day result; next check Nov 17, 2026.

Reported value$686K50,000 shares at $13.73
For this personNormal for them3 buys · 0 sales on file
Similar buys beat S&P48%583 cases · all buys 46%

Worth a closer look

  • Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
  • Similar past buys beat the S&P 500 48% of the time (583 cases), above the 46% for all buys.

Reasons for caution

  • Other insiders sold $9.0M in the same 90 days, more than was bought.
  • Small next to what they already own (holding up 1.4%).
  • Their past buys: only 6 of 13 beat the S&P 500.

What happened after this filing

7 days Pending due Nov 17
30 days Pending due Dec 10
90 days Pending due Feb 8

Insider Twins: past buys with the same traits

1 insider buying · no CEO or CFO · $250K–$1M · stock down 0–20% in 3 months

AGL Mar 3, 2026 +541.0% vs S&PFUBO Sep 28, 2020 +370.9% vs S&PMRNA Feb 18, 2020 +334.9% vs S&PASPU Oct 4, 2021 -70.5% vs S&PEOLS Aug 31, 2021 -52.3% vs S&PMDIA Feb 11, 2022 -49.9% vs S&P

What 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.
Summary

Thomas L. Carter Jr. (an officer) bought $686K of BSM at about $13.73 on Nov 9, 2026, reported to the SEC on Nov 10, 2026. Buys like this beat the S&P 500 48% 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.

Share on X Bluesky Reddit
Free PDF · this week

Get this week's insider report

The week's biggest insider buys, every new cluster buy and the stocks to watch, in one printable PDF. Plus the free Monday email.

Please confirm your address from the email we send. Unsubscribe anytime. Not investment advice. Privacy

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.

Other BSM insider trades

Get BSM insider alerts

Choose what you want to hear about. Free.

You'll get an email when a new BSM filing matches your choices (at most one per alert type a day), plus the free Monday email. Already subscribed? Use the same email to add BSM. Unsubscribe anytime. No price targets or advice.

More investigations

All →