The insider sales are modest in size and lack C-suite participation, reducing their bearish signal strength. However, the cluster's proximity to a revenue-decline earnings report and lowered guidance warrants monitoring for further insider selling, particularly from CEO/CFO. The stock's historical poor performance following similar reports suggests avoiding a strong bearish bet — treat this as a mild negative signal with limited conviction.
Price Chart
Executive Summary
Two insiders at Spok Holdings (SPOK) sold a combined $320K in open-market sales on August 10, 2026, representing 0.13% of the company's $239M market cap. The sales follow the company's Q2 2026 earnings release 14 days ago, which showed a 1.9% YoY revenue decline and a lowered full-year revenue guidance midpoint. The insider selling is modest in size relative to market cap and occurs after a bearish earnings report, but the cluster is not amplified by the proportionality threshold or C-suite participation (both sellers are a director and corporate secretary/treasurer).
Key Financial Metrics
Key Facts
- Two insiders sold a total of $320K in open-market sales on August 10, 2026.
- Sales represent 0.13% of SPOK's $239M market cap — modest but above trivial threshold.
- Corporate Secretary/Treasurer Sharon Woods-Keisling sold 20,000 shares at $11.30 ($226K).
- Director Christine Cournoyer sold 8,320 shares at $11.28 ($94K).
- Sales occurred 14 days after Q2 2026 earnings (revenue -1.9% YoY, guidance lowered).
- No C-suite executives (CEO/CFO) participated in the cluster.
Financial Impact
Insider sales of $320K represent 0.13% of market cap — modest but notable given proximity to bearish earnings
Risk Factors
- Insider sales may be liquidity-driven (10b5-1 plans not disclosed) rather than informational
- Small cluster size ($320K) limits statistical significance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SPOK-1786525563819 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 11w ago | Insider Cluster | $10.98 $10.63 | ▲ +3.19% | ▲ +1.29% | $10.11 (+7.92%) |
Jul 29, 2026 12w ago | 8-K | $10.75 $10.36 | ▲ +3.63% | ▲ +7.59% | $10.11 (+5.95%) |
Jun 17, 2026 18w ago | Insider Buy | $10.51 $10.65 | ▲ +1.33% | ▲ +1.95% | $10.11 (−3.81%) |
Jun 8, 2026 20w ago | DEFA14A | $10.66 $10.44 | ▼ −2.06% | ▼ −3.70% | $10.11 (−5.16%) |
Feb 26, 2026 34w ago | 8-K | $11.92 $11.13 | ▼ −6.63% | ▼ −0.21% | $10.11 (−15.18%) |
US Market Status
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