Monitor for additional insider selling in next 30 days; while this cluster is small and likely pre-planned (10b5-1), repeated sales could signal waning confidence. Compare to upcoming earnings and guidance.
Price Chart
Executive Summary
Two C-suite executives at Zscaler sold shares in a coordinated open-market transaction totaling $882,403, representing a modest but notable insider selling cluster. The sales occurred at the same price and date, suggesting pre-planned trades, but are small relative to the company's $25.1B market cap.
Key Financial Metrics
Key Facts
- CRO and President of WW Sales, Rich Michael J., sold 3,147 shares for $492,799 in open-market transaction.
- EVP Raj Judge sold 2,488 shares for $389,604, also in open market, same day and price.
- Total cluster value: $882,403 across two C-suite insiders.
- Sales represent approximately 0.0035% of Zscaler's $25.1B market cap.
- Both transactions occurred on 2026-03-17 at $156.5932 per share.
Financial Impact
$882,403 in total open-market sales by executives
Risk Factors
- Potential perception of insider pessimism if no offsetting buying follows.
- Risk of negative sentiment if sales coincide with weak future earnings or guidance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (2 trades, 7d window) | cluster-ZS-1773878985201 |
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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