Insider Cluster (4 insiders) ·Filed Jun 18, 2026
Insider cluster: 3 insiders, $1.1M total
Actionable Insight • Neutral
This insider selling is routine and immaterial. No immediate catalyst is indicated. Monitor for upcoming earnings or material events that could provide context, but no action is warranted based on this cluster alone.
Final — all horizons settled through T+60d ⚠ clustered
ZS ▲ +53.57% at T+60d
NEUTRAL call ✓ call won +53.57% · α vs SPY +51.67% · entry $124.85 → $191.73
T+1d
-0.63%
call -0.63% · α -0.32%
$124.06
settled 4mo ago
T+5d
-0.84%
call -0.84% · α +0.82%
$123.80
settled 3mo ago
T+20d
+17.28%
call +17.28% · α +16.75%
$146.43
settled 3mo ago
T+60d
+53.57%
call +53.57% · α +51.67%
$191.73
settled 18d ago
Price Chart
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Executive Summary
Four Zscaler insiders, including the CFO, CLO, and CRO, sold a total of ~$1.16M in shares over a two-day window. The aggregate sales represent less than 0.006% of the company's $20.6B market cap, making this a routine and immaterial cluster.
Key Financial Metrics
Direction
selling
Total Value
$1.2M
Insiders
4
Key Facts
- Total insider sales of ~$1.16M over June 16-17, 2026
- Three C-suite executives sold: CFO Kevin Rubin ($213K), CLO Robert Schlossman ($398K), CRO Michael Rich ($529K)
- Director James A. Beer sold $22K on June 17
- Sales represent ~0.006% of Zscaler's $20.6B market cap
- No open-market purchases in the cluster
Financial Impact
Negligible — $1.16M in sales is less than 0.01% of market cap
dilution
Risk Factors
- No material risks identified from this filing
Market Snapshot
Exchange
Nasdaq
Sector
Services-Computer Programming Services
Analyst Consensus
78% bullish (58 analysts)
Investment Themes
Cloud & SaaSCybersecurity
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ZS-1781741317123 |
22 reports for ZS
80% Hit rate best @ T+60▲ +8.22%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Press Release | $162.60 $177.80 | ▲ +9.35% | ▲ +8.75% | $200.21 (+23.13%) |
Jul 28, 2026 9w ago | Press Release | $151.63 $168.42 | ▲ +11.07% | ▲ +7.69% | $200.21 (+32.04%) |
Jun 25, 2026 14w ago | 144 | $132.26 $139.70 | ▲ +5.63% | ▲ +4.36% | $200.21 (+51.38%) |
Jun 18, 2026 15w ago | Insider Cluster | $124.85 $146.43 | ▲ +17.28% | ▲ +16.75% | $200.21 (+60.36%) |
Jun 18, 2026 15w ago | Insider Cluster | $124.85 $146.43 | ▲ +17.28% | ▲ +16.75% | $200.21 (+60.36%) |
Jun 18, 2026 15w ago | Insider Cluster | $124.85 $146.43 | ▲ +17.28% | ▲ +16.75% | $200.21 (+60.36%) |
Jun 17, 2026 15w ago | 144 | $124.85 $146.43 | ▲ +17.28% | ▲ +16.75% | $200.21 (+60.36%) |
Jun 16, 2026 15w ago | 144 | $124.38 $146.43 | ▲ +17.73% | ▲ +16.41% | $200.21 (+60.97%) |
Jun 16, 2026 15w ago | 144 | $124.38 $146.43 | ▲ +17.73% | ▲ +16.41% | $200.21 (+60.97%) |
Jun 16, 2026 15w ago | 144 | $124.38 $146.43 | ▲ +17.73% | ▲ +16.41% | $200.21 (+60.97%) |
Showing 10 of 22
US Market Status
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