Insider Cluster (5 insiders) ·Filed Jun 18, 2026
Insider cluster: 4 insiders, $1.4M total
Actionable Insight • Neutral
The insider sales are negligible in size and carry no actionable signal. Monitor for any upcoming earnings or material events, but this cluster alone does not warrant a trading response.
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
Five Zscaler insiders, including the CFO, CRO, CLO, and CPO, sold a total of ~$1.41M in open-market sales over a 7-day window. This represents less than 0.01% of ZS's $20.6B market cap, making the cluster economically trivial and unlikely to convey material negative information.
Key Financial Metrics
Direction
selling
Total Value
$1.4M
Insiders
5
Key Facts
- 5 insiders sold shares: CFO Kevin Rubin ($213K), CRO Michael Rich ($529K), CLO Robert Schlossman ($398K), CPO Adam Geller ($245K), Director James Beer ($22K)
- Total sale value of ~$1.41M is 0.0068% of ZS's $20.6B market cap
- All transactions were open-market sales; no 10b5-1 plan or vesting-driven pattern identified
- Recent 30-day insider activity shows $1.4M in total sells, consistent with this cluster
Financial Impact
Insider sales of ~$1.41M, immaterial relative to $20.6B market cap
insider ownership
Risk Factors
- No material risk 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-1781741446988 |
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
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