The cluster is small in dollar terms and directionally mixed (one sell, one buy). The sell by the SVP/CCO is notable but not alarming given its small fraction of market cap. Look for potential catalysts (earnings, regulatory updates, guidance) that could explain the timing. If additional insiders begin selling in larger amounts or C-suite executives join the sell side, that would warrant a more bearish read. For now, this cluster alone is not actionable.
Price Chart
Executive Summary
Mixed insider cluster at Spire Inc: SVP/CCO Ryan Hyman sold $308K worth of shares (open-market), while Director Paul Koonce bought $39K worth. The sell side dominates by dollar value (10:1 ratio vs buys) but falls within routine proportionality for a $4.6B market cap company (~0.007% of market cap). Both trades appear to be isolated events — no 10b5-1 pattern or clustering of multiple C-suite members in the same direction.
Key Financial Metrics
Key Facts
- SVP/CCO Hyman sold 3,822 shares open-market at $80.51 for total $307,709
- Director Koonce purchased 500 shares open-market at $78.46 for total $39,230
- Total cluster dollar value is $347K, representing ~0.008% of Spire's $4.6B market cap
- Both trades occurred within a 3-day window (Jun 9–Jun 11, 2026)
Financial Impact
Insider trading cluster of $347K total, with open-market sales of $308K vs purchases of $39K. This is trivial relative to $4.6B market cap (~0.008%) and unlikely to move the stock on its own.
Risk Factors
- Insider selling by an officer (SVP/CCO) could precede a bearish company event, though the dollar amount is small
- Only two insiders traded — insufficient for a strong cluster signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SR-1781275593938 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | Press Release | $81.17 | awaiting T+20 | — | $86.05 (+6.01%) |
Aug 5, 2026 11w ago | 8-K | $80.78 $82.77 | ▲ +2.46% | ▲ +3.06% | $86.05 (+6.52%) |
Jul 30, 2026 12w ago | Press Release | $80.53 $82.54 | ▲ +2.50% | ▼ −1.47% | $86.05 (+6.85%) |
Jun 30, 2026 17w ago | 8-K | $78.00 $81.01 | ▲ +3.86% | ▲ +6.04% | $86.05 (+10.32%) |
Jun 12, 2026 19w ago | Insider Cluster | $79.10 $80.73 | ▲ +2.06% | ▲ +0.28% | $86.05 (+8.79%) |
Jun 12, 2026 19w ago | Insider Cluster | $79.10 $80.73 | ▲ +2.06% | ▲ +0.28% | $86.05 (+8.79%) |
Jun 11, 2026 19w ago | Institutional Cluster | $77.84 $80.58 | ▲ +3.52% | ▲ +1.63% | $86.05 (+10.55%) |
US Market Status
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