Four Insiders Bought $2.7 Million in Company Stock Nov. 12

By Grace Kim

Insiders at four companies disclosed about $2.7 million of open-market stock purchases in Form 4 filings on Thursday, Nov. 12. An MLQ.ai tally put Hornbeck Offshore Services president, CEO and director Todd Hornbeck first, with 280,866 shares bought for about $1.50 million. None of the four filings explained the reasons for the purchases.

The roundup valued each position by multiplying the reported share count by its weighted average price. That method produced about $1.50 million at Hornbeck Offshore, $1.0 million at Biodesix, $143,000 at AudioCodes and $98,800 at DraftKings. The trades ran from Nov. 9 through Nov. 11, before the Form 4 disclosures appeared on Nov. 12.

How much did Hornbeck buy?

Hornbeck bought 189,569.877 shares on Nov. 10 at a weighted average price of $5.275. He added 91,295.972 shares on Nov. 11 at $5.477. The two trades totaled about 280,866 shares and cost roughly $1.50 million. Afterward, he held 5,950,513.961 shares directly, or about 5.95 million shares.

The NYSE-listed Hornbeck Offshore Services was formerly Helix Energy Solutions. After completing its merger with Hornbeck Offshore, the company took the Hornbeck name and began trading as HOS on Sept. 2. Former Hornbeck holders own about 55% of the combined company.

The CEO's purchase came after that change in the listed company's identity. The filing did not connect the trades to the merger, the company's prospects or any other operating factor.

What does Schuler's 22.3% stake include?

Jack W. Schuler, a 10% owner and emeritus director of the Louisville, Colorado diagnostics company, bought 100,000 Biodesix shares on Nov. 10 through his living trust. Trades ranged from $9.655 to $10.25, with a weighted average price of $10.0199. The purchase cost about $1.0 million.

An amended Schedule 13D filed the same day reported beneficial ownership of 2,476,545 shares, or 22.3%. The total included 1.8 million shares in a 2026 grantor retained annuity trust and 655,810 shares in the living trust. Schuler did not state why he bought the additional block.

What did AudioCodes' CEO purchase?

President and CEO Shabtai Adlersberg bought 10,000 ordinary shares on Nov. 9 at $8.3752. He bought 5,000 more on Nov. 10 at $8.4644 and 2,000 on Nov. 11 at $8.6673.

The 17,000 shares cost about $143,000 and raised his direct holding to 4,985,192 shares. His filing said the purchases followed the conditions of SEC Rule 10b-18. The trades spanned the $8.38 to $8.67 range shown in the roundup.

What followed DraftKings' outlook cut?

Director Gregory Wendt bought 5,000 Class A shares on Nov. 11 at $19.76. The transaction cost $98,800 and raised his direct holding to 22,920 shares.

The purchase came days after DraftKings cut its 2026 adjusted EBITDA outlook to $175 million to $275 million. The filing did not connect the purchase to the revision or any other factor.

Hornbeck's $1.50 million purchase accounted for more than half of the reported $2.7 million. Schuler's $1.0 million trade was the only purchase by a 10% owner. The two CEO buyers ended with direct stakes of about 5.95 million and nearly 4.99 million shares.

The next Form 4 disclosures will show whether the buying continues and whether any insider supplies a reason. Until then, the trades offer no firm signal for share pricing or competitive positioning.