Ignore this cluster. The dollar amount is noise relative to ZS's $20.6B market cap. The uniform pricing and same-day execution suggest a routine 10b5-1 plan or vesting-driven sale, not an informed signal. Monitor the next 10-Q for any fundamental changes, but this filing has no trading read-through.
Price Chart
Executive Summary
Five top Zscaler insiders (CEO, CFO, CRO, CLO, CPO) sold a combined ~$1.75M in open-market sales on June 16, 2026, all at ~$126.43. This is a routine cluster sale — the total value is ~0.0085% of ZS's $20.6B market cap, well below the 0.1% materiality threshold. The sales are likely driven by 10b5-1 plan vesting or blackout-window opening, not a shared bearish view. Historical performance on ZS shows a 0% win rate at T+20 and a -22.9% average return on prior calls, suggesting the stock has been over-scored. The cross-filing amplifier context does not change the standalone assessment — this is a non-event.
Key Financial Metrics
Key Facts
- Five insiders sold on June 16, 2026: CEO (2,878 shares), CFO (1,686), CRO (4,184), CLO (3,146), CPO (1,940)
- Total cluster value: ~$1.75M, or 0.0085% of $20.6B market cap
- All sales at ~$126.43 per share, within a tight price range suggesting a single-trigger event (likely 10b5-1 plan or blackout window)
- Zscaler's historical T+20 performance on prior calls: 0% win rate, -22.9% avg return — strong over-score bias
- No open-market purchases in the cluster; all trades are sales
Financial Impact
0.0085% of market cap — trivial
Risk Factors
- No material risk from this filing — it is a routine insider sale
- Historical over-score bias on ZS (0% win rate) means any elevated impact would be a false positive
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ZS-1781741586626 |
Filters
| 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%) |
US Market Status
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