The CFO's $901K sale is the largest in the cluster, but at 0.06% of market cap it is not material enough to signal distress. Monitor for any upcoming 8-K or earnings pre-announcement that could explain the timing. If additional insider sales emerge in the next 10 days, the signal would strengthen.
Price Chart
Executive Summary
Four PHIN insiders, including CFO Chris Gropp and CTO Todd Anderson, sold a total of $1.33M in open-market shares over a 3-day window (Sept 9-11, 2026). The CFO's sale alone accounted for $901K (68% of the total). While the dollar amount is only ~0.06% of PHIN's $2.4B market cap — below the 0.1% materiality threshold — the cluster includes the CFO and two other C-suite officers selling concurrently, which warrants attention. The cluster is notable but not alarming given the small relative size.
Key Financial Metrics
Key Facts
- CFO Chris Gropp sold 13,500 shares for $901K on Sept 9
- CTO Todd Anderson sold 3,056 shares for $203K on Sept 11
- SVP/CIO Matthew Logar sold 1,257 shares for $83K on Sept 10
- VP Christopher Gustanski sold 2,097 shares for $140K on Sept 9
- Total insider sales of $1.33M represent ~0.06% of PHIN's $2.4B market cap
- All four trades were open-market sales (code S)
Financial Impact
$1.33M in insider sales over 3 days, representing 0.06% of market cap
Risk Factors
- CFO selling 68% of cluster value could indicate private concern about near-term fundamentals
- Cluster timing (all sales within 3 days) may reflect coordinated 10b5-1 plan execution rather than opportunistic selling
- No recent PHIN filings (earnings, guidance, M&A) to contextualize the cluster
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PHIN-1789417187510 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | Insider Cluster | $61.42 $57.90 | ▼ −5.73% | ▼ −5.94% | $57.83 (−5.84%) |
Sep 17, 2026 5w ago | Insider Cluster | $61.42 $57.90 | ▲ +5.73% | ▲ +5.94% | $57.83 (+5.84%) |
Sep 17, 2026 5w ago | Insider Cluster | $61.42 $57.90 | ▲ +5.73% | ▲ +5.94% | $57.83 (+5.84%) |
Sep 14, 2026 6w ago | Insider Cluster | $61.50 $56.54 | ▼ −8.06% | ▼ −10.79% | $57.83 (−5.97%) |
Sep 11, 2026 6w ago | Insider Cluster | $62.81 $56.43 | ▼ −10.16% | ▼ −12.42% | $57.83 (−7.93%) |
Sep 11, 2026 6w ago | 144 | $66.24 $57.83 | ▼ −12.70% | ▼ −14.56% | $57.83 (−12.70%) |
Jul 30, 2026 12w ago | 8-K | $73.06 $68.07 | ▲ +6.83% | ▲ +10.80% | $57.83 (+20.85%) |
Apr 9, 2026 28w ago | DEFA14A | $74.03 $78.36 | ▲ +5.85% | ▼ −1.72% | $57.83 (−21.88%) |
Mar 4, 2026 33w ago | Insider Cluster | $71.93 $69.62 | ▼ −3.21% | ▲ +1.21% | $57.83 (−19.60%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers