SPIR CLUSTER SEC Filing Analysis

Latest settled — T+5d

SPIR ▼ -13.43% at T+5d

NEUTRAL call ✗ call lost -13.43% · α vs SPY -14.52% · entry $23.75 → $20.56

Next anchor: T+20d in 8d

Last close $18.23 (close Jun 12) · -23.24% from $23.75 entry

Entry anchored
May 22, 03:59 PM ET
via Databento tick

T+1d

+7.52%

call +7.52% · α +7.56%

$25.54

settled 20d ago

T+5d

-13.43%

call -13.43% · α -14.52%

$20.56

settled 14d ago

T+20d

—

call — · α —

—

in 8d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

CFO and COO sold a combined $331K in open-market sales within 9 days of Q1 earnings that showed a 34% YoY revenue decline and a widened net loss. The cluster is small relative to the $773M market cap (0.04%), and the sales follow a $70M capital raise in April, suggesting liquidity or diversification motives rather than a coordinated bearish signal.

Key Financial Metrics

Direction

selling

Total Value

$331.2K

Insiders

2

Actionable Insight

The cluster is too small to signal material insider concern. The $70M April raise provides ample liquidity, and the sales likely reflect post-raise portfolio rebalancing. Monitor for any Form 4 filings with larger dollar amounts or C-suite purchases, which would carry more signal. The cross-filing amplifiers (cluster + earnings context) are noted but do not override the trivial proportionality.

Key Facts

CFO Alison Engel sold 12,702 shares at $19.08 for $242K on 2026-05-20.
COO Celia Pelez Perez sold 4,660 shares at $19.07 for $89K on 2026-05-20.
Total cluster value of $331K represents 0.04% of $773M market cap.
Sales occurred 9 days after Q1 2026 earnings (revenue down 34% YoY, net loss widened 10% YoY).
Company completed a $70M capital raise in April 2026, adding dilution.
All sales are open-market (code S) — no 10b5-1 plan noted in the filing.

Financial Impact

$331K total insider sales, 0.04% of market cap — trivial relative to company size

dilutioninsider ownership

Risk Factors

Q1 revenue declined 34% YoY and net loss widened — fundamentals remain weak.
No quarterly guidance going forward reduces transparency.
Dilution from $70M capital raise may pressure near-term stock.

Market Snapshot

Exchange

NYSE

Sector

Communications Services, NEC

Analyst Consensus

82% bullish (11 analysts)

Documents Analyzed

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

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-SPIR-1779493062045

10 reports for SPIR

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SPIR — sortable, filterable
	Type				Now
May 29, 2026 16d ago	8-K NEUTRAL ★ 3/10	$20.56 $17.16	▼ −16.54%	▼ −13.79%	$18.23 (−11.33%)
May 22, 2026 23d ago	Insider Cluster NEUTRAL ★ 3/10	$23.75 $20.56	▼ −13.43%	▼ −14.52%	$18.23 (−23.24%)
May 13, 2026 4w ago	8-K MIXED ★ 6/10	$18.22 $19.21	▲ +5.43%	▲ +6.15%	$18.23 (+0.05%)
Apr 24, 2026 7w ago	8-K BEARISH ★ 6/10	$16.41 $17.45	▼ −6.34%	▼ −5.94%	$18.23 (−11.09%)
Apr 22, 2026 7w ago	EFFECT NEUTRAL ★ 3/10	$18.27 $15.48	▼ −15.27%	▼ −15.33%	$18.23 (−0.22%)
Apr 13, 2026 8w ago	DEFA14A NEUTRAL ★ 2/10	$20.74 $18.74	▼ −9.64%	▼ −11.04%	$18.23 (−12.10%)
Apr 10, 2026 9w ago	8-K NEUTRAL ★ 5/10	$23.14 $18.15	▼ −21.56%	▼ −24.86%	$18.23 (−21.22%)
Mar 20, 2026 12w ago	Insider Cluster NEUTRAL ★ 3/10	$12.22 $12.36	▲ +1.15%	▲ +3.30%	$18.23 (+49.18%)
Mar 18, 2026 12w ago	8-K MIXED ★ 6/10	$10.74 $13.73	▲ +27.84%	▲ +28.55%	$18.23 (+69.74%)
Feb 20, 2026 16w ago	Insider Cluster BEARISH ★ 8/10	$9.21 $8.85	▲ +3.91%	▲ +3.46%	$18.23 (−97.94%)

US Market Status

Market Closed — Opens in 3h 58m

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