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Insider Cluster (2 insiders) ·Filed Aug 26, 2026

KSPI

Joint Stock Co Kaspi.kz
NEUTRAL
Impact 3/10
Horizondays Processed2mo ago
Insider cluster: 2 insiders, $994K total
Actionable Insight • Neutral

The insider sales are sub-material at 0.09% of market cap and involve only a director and a deputy chair — no C-suite participation. Given KSPI's strong analyst consensus and the cluster's small proportional size, this is likely routine portfolio diversification. Monitor for any C-suite selling or a material increase in volume that would push the cluster above the 0.1% threshold.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d
KSPI ▼ -11.64% at T+20d
NEUTRAL call -11.64% · α vs SPY -11.13% · entry $105.01 → $92.79
Next anchor: T+60d in 23d
Latest observation: T+40 -17.44% FF3 residual α
Entry = T+0 close
Aug 26, 2026
via day close
T+1d
+1.22%
call +1.22% · α +1.45%
$106.29
settled 2mo ago
T+5d
+2.67%
call +2.67% · α +2.40%
$107.81
settled 8w ago
T+20d
-11.64%
call -11.64% · α -11.13%
$92.79
settled 5w ago
T+60d
Pending
in 23d

Price Chart

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Executive Summary

Director Vyacheslav Kim sold ~$17.4M worth of KSPI shares over a 7-day window (Aug 20-26), while Deputy Chair Yuri Didenko sold $275K on Aug 19. The cluster totals ~$17.7M in open-market sales, representing ~0.09% of KSPI's $20.6B market cap — below the 0.1% materiality threshold.

Key Financial Metrics

Direction
selling
Total Value
$17.7M
Insiders
2

Key Facts

  • Director Vyacheslav Kim sold 17 separate open-market trades totaling ~$17.4M between Aug 20-26
  • Deputy Chair Yuri Didenko sold 2,800 shares at $99.07 for ~$275K on Aug 19
  • Total cluster value of ~$17.7M represents ~0.09% of KSPI's $20.6B market cap
  • No C-suite executives (CEO/CFO) participated in the cluster
  • KSPI has 73% bullish analyst consensus (4 Strong Buy, 4 Buy, 3 Hold)

Financial Impact

~$17.7M in open-market insider sales, ~0.09% of market cap

insider ownershipfloat

Risk Factors

  • Director Kim's concentrated selling over 7 days could indicate private concerns not yet public
  • If additional insiders join the selling pattern, the signal would strengthen

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-1787785918436
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

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Report published Aug 26, 2026