Insider Cluster (4 insiders) ·Filed May 21, 2026

GSHD

Goosehead Insurance, Inc.
NEUTRAL
Impact 3/10
Horizonweeks Processed4mo ago
Insider cluster: 3 insiders, $0.5M total
Actionable Insight • Neutral

The insider cluster buys are too small relative to market cap to signal material conviction, and the Executive Chairman's concurrent $1.19M sale offsets the bullish read. Given the model's poor historical track record on GSHD (avg T+20 -8.57%, 17% win rate), treat this cluster as noise. Monitor the next 10-Q for agency metrics (policies in force, premium growth) rather than reading into insider activity.

DirectionNeutral
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
GSHD ▲ +55.42% at T+60d
NEUTRAL call ✓ call won +55.42% · α vs SPY +52.23% · entry $41.68 → $64.78
Entry anchored
May 21, 2026
via day open
T+1d
-4.03%
call -4.03% · α -4.62%
$40.00
settled 4mo ago
T+5d
-12.07%
call -12.07% · α -13.73%
$36.65
settled 4mo ago
T+20d
-0.92%
call -0.92% · α +0.49%
$41.30
settled 3mo ago
T+60d
+55.42%
call +55.42% · α +52.23%
$64.78
settled 6w ago

Price Chart

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Executive Summary

Three GSHD insiders made open-market purchases totaling $491K over a week, led by the CEO ($184K) and General Counsel ($208K) at prices between $36.89 and $41.50. The Executive Chairman's trust also sold $1.19M in shares on May 21 after converting derivatives, creating a mixed signal. The cluster buys represent ~0.03% of market cap — trivial in size — and the historical calibration shows past bullish calls on GSHD have been heavily wrong (avg T+20 -18.5%). The buys are too small to override the negative track record.

Key Financial Metrics

Direction
mixed
Total Value
$491.0K
Insiders
4

Key Facts

  • CEO Mark Miller bought 5,000 shares at $36.89 for $184K on May 14
  • General Counsel Martin Thornthwaite bought 5,000 shares at $41.50 for $208K on May 18
  • President & COO Mark E. Jones Jr. bought 2,650 shares at $37.50 for $99K on May 15
  • Executive Chairman's trust sold 29,238 shares at $40.62 for $1.19M on May 21 after converting derivatives
  • Total open-market buys of $491K represent ~0.03% of $1.5B market cap
  • Past 6 settled reports on GSHD averaged -8.57% T+20 return with 17% win rate

Financial Impact

Insider buys total $491K (0.03% of market cap); insider sales total $1.19M (0.08% of market cap). Net insider cash flow is -$699K.

insider ownershipmarket cap

Risk Factors

  • Executive Chairman's trust sold $1.19M on the same day as derivative conversions — potential de-risking by largest insider
  • Historical model calls on GSHD have been directionally wrong 83% of the time at T+20
  • Buy cluster size is trivial relative to market cap — no material signal

Market Snapshot

Exchange
Nasdaq
Sector
Insurance Agents, Brokers & Service
Analyst Consensus
53% bullish (19 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-GSHD-1779405566623
22 reports for GSHD
Performance horizon
83% Hit rate 5 of 6 directional calls best @ T+60▲ +63.16%May 19, 2026
Filters
Rows
Reports for GSHD — sortable, filterable
TypeNow
Aug 24, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$73.00 $45.76▼ −37.32%▼ −38.63%$45.51 (−37.66%)
Aug 24, 2026
5w ago
Insider Cluster
NEUTRAL ★ 4/10
$73.00 $51.70▼ −29.18%▼ −29.19%$45.51 (−37.66%)
Aug 5, 2026
8w ago
Insider Cluster
MIXED ★ 5/10
$66.66 $67.08▲ +0.63%▲ +0.03%$45.51 (−31.73%)
Aug 4, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$68.56 $68.45▼ −0.16%▲ +1.08%$45.51 (−33.62%)
Aug 3, 2026
8w ago
Insider Cluster
BULLISH ★ 5/10
$68.56 $68.45▼ −0.16%▲ +1.08%$45.51 (−33.62%)
Jul 30, 2026
9w ago
Insider Cluster
MIXED ★ 5/10
$62.00 $71.26▲ +14.94%▲ +11.95%$45.51 (−26.60%)
Jul 30, 2026
9w ago
Insider Cluster
NEUTRAL ★ 4/10
$63.86 $70.45▲ +10.32%▲ +6.35%$45.51 (−28.73%)
Jul 22, 2026
10w ago
Press Release
BULLISH ★ 8/10
$53.90 $70.70▲ +31.17%▲ +27.86%$45.51 (−15.57%)
Jul 13, 2026
11w ago
8-K
NEUTRAL ★ 3/10
$50.30 $65.31▲ +29.84%▲ +27.35%$45.51 (−9.52%)
Jun 30, 2026
13w ago
Court Ruling
NEUTRAL ★ 4/10
$48.50 $62.00▲ +27.84%▲ +28.86%$45.51 (−6.16%)
Showing 10 of 22

US Market Status

Market Closed — Opens Mon (38h 31m)

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Report published May 21, 2026