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Insider Cluster (2 insiders) ·Filed Aug 19, 2026

KSPI

Joint Stock Co Kaspi.kz
NEUTRAL
Impact 2/10
Horizonimmediate Processed2mo ago
Insider cluster: 2 insiders, $1.6M total
Actionable Insight • Neutral

This cluster is routine and non-informative. The dollar amounts are trivial relative to market cap, no C-suite insiders sold, and the pattern is consistent with normal portfolio diversification. Monitor for any C-suite selling or a material increase in volume, but no action is warranted from this filing.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
KSPI ▼ -5.95% at T+20d
NEUTRAL call -5.95% · α vs SPY -5.83% · entry $103.70 → $97.53
Next anchor: T+60d in 16d
Latest observation: T+45 -11.03% FF3 residual α
Entry = T+0 close
Aug 19, 2026
via day close
T+1d
+1.78%
call +1.78% · α +1.37%
$105.55
settled 2mo ago
T+5d
+1.26%
call +1.26% · α +0.15%
$105.01
settled 2mo ago
T+20d
-5.95%
call -5.95% · α -5.83%
$97.53
settled 6w ago
T+60d
Pending
in 16d

Price Chart

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Executive Summary

Two insiders at Kaspi.kz — Deputy Chair Yuri Didenko and Director Vyacheslav Kim — sold a combined $1.58M in open-market transactions over a 7-day window ending August 17, 2026. The cluster is dominated by Kim's $1.54M sale, but total proceeds represent only ~0.0085% of the company's $18.6B market cap, making this a trivial, routine event with no material signal.

Key Financial Metrics

Direction
selling
Total Value
$1.6M
Insiders
2

Key Facts

  • Two insiders sold shares totaling $1.58M in open-market transactions over a 7-day window ending August 17, 2026.
  • Total sales represent ~0.0085% of Kaspi.kz's $18.6B market cap — well below the 0.1% materiality threshold.
  • Deputy Chair Yuri Didenko sold $40K; Director Vyacheslav Kim sold $1.54M.
  • No C-suite executives (CEO/CFO) participated in the cluster.
  • The broader 30-day insider activity shows 10 sells totaling $9.0M, consistent with routine liquidity-driven selling.

Financial Impact

Total insider sales of $1.58M represent ~0.0085% of $18.6B market cap — negligible economic impact.

insider ownership

Risk Factors

  • Insider selling could accelerate if broader market or sector weakness emerges.
  • No C-suite participation means this cluster lacks the predictive power of a top-executive sell-off.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Business Services, NEC
Analyst Consensus
73% bullish (11 analysts)

Investment Themes

Software & IT

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-KSPI-1787199179322
22 reports for KSPI
Performance horizon
100% Hit rate @ T+60 4 of 4 directional calls Went positive at some point 4 of 4 best @ T+60▲ +13.55%Jun 24, 2026
Filters
Rows
Reports for KSPI — sortable, filterable
TypeNow
Sep 10, 2026
6w ago
6-K
NEUTRAL ★ 3/10
$97.15awaiting T+60—$90.14 (−7.22%)
Aug 26, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$105.01awaiting T+60—$90.14 (−14.16%)
Aug 21, 2026
9w ago
Insider Cluster
NEUTRAL ★ 3/10
$106.46awaiting T+60—$90.14 (−15.33%)
Aug 19, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$103.70awaiting T+60—$90.14 (−13.08%)
Aug 12, 2026
10w ago
6-K
MIXED ★ 5/10
$99.55awaiting T+60—$90.14 (−9.45%)
Aug 10, 2026
11w ago
6-K
NEUTRAL ★ 5/10
$94.00awaiting T+60—$90.14 (−4.11%)
Aug 10, 2026
11w ago
Press Release
NEUTRAL ★ 5/10
$94.00awaiting T+60—$90.14 (−4.11%)
Jun 24, 2026
17w ago
Press Release
BULLISH ★ 6/10
$85.80 $97.43▲ +13.55%▲ +10.72%$90.14 (+5.06%)
Jun 12, 2026
19w ago
6-K
NEUTRAL ★ 3/10
$80.56 $107.21▲ +33.08%▲ +29.82%$90.14 (+11.89%)
Jun 12, 2026
19w ago
Press Release
NEUTRAL ★ 3/10
$80.56 $107.21▲ +33.08%▲ +29.82%$90.14 (+11.89%)
Showing 10 of 22

US Market Status

Market Closed — Opens in 1h 52m

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Report published Aug 20, 2026