Michael J. Rich

Michael J. Rich sold 4,184 ZS shares at $126.43 on 2026-06-16; stock now -63.1% from 52-week high

Michael J. Rich, CRO and President of WW Sales at Zscaler, sold 4,184 shares worth $528,981.03 at $126.43, reducing his holdings by 4.0%. The stock has subsequently declined sharply, trading at $124.38 (currently -28.8% over 30 days, -20.0% over 90 days, and -63.1% from the 52-week high of $336.99). Across his prior five trades at Zscaler, Rich has demonstrated strong timing discipline—4 of 5 prior sales were well-timed at the 90-day mark, with the most recent sale on 2025-12-16 followed by a -33.4% 90-day return. This current sale occurs against a backdrop of deteriorating fundamentals: the company posted a net loss of $-13,883,000.00 in the latest quarter and was unprofitable over its most recent full fiscal year, despite revenue growth of +23.3% year-over-year to $850,475,000.00. The proximity of this transaction to the recent decline and Rich's historical pattern of well-timed exits at this ticker warrant attention to whether insider confidence in the stock's near-term direction has shifted.

CRO Rich sold 4,100 ZS shares at $230.82 (Dec 2025); stock now -32.7% from 52-week high amid unprofitable quarter.

Rich Michael J., CRO and President of WW Sales, sold 4,100 shares at $230.82 on 2025-12-16, reducing his holdings from 111,597 to 107,497 shares. The transaction occurs as Zscaler stock has declined 32.7% from its 52-week high of $336.27 and dropped 23.2% over the prior 30 days. The company reported a negative net income of $-11.6M in its latest quarter despite 23.3% annual revenue growth, raising questions about unit economics and profitability trajectory. Across his prior five trades at ZS, Rich achieved a 60% well-timed rate at the 90-day mark, suggesting some historical accuracy in execution; however, his most recent same-ticker sell (2025-09-16) was followed by a 90-day loss of -18.0%, and only three of five prior sells were ultimately well-timed, indicating inconsistent predictive value. The current price of $226.43 lies below the transaction price of $230.82, making this a decision point for evaluating whether the insider's actions presaged further downside or reflect routine portfolio management in a volatile environment.

CRO Rich Michael J. sold 11,718 shares (11.7K) of ZS at $280.70 on 2025-09-16 for $3.3M; stock now down 11.7% from 52-week high amid unprofitability.

Rich Michael J., CRO and President of WW Sales at Zscaler, sold 11,718 shares at $280.70 on 2025-09-16, reducing his holdings by 10.4% to 100,822 shares post-transaction. The $3.3M sale occurred as ZS trades 11.7% below its 52-week high of $316.50 and the company reported a negative full-year net income of $-4,125,000 despite 23.3% annual revenue growth. His same-ticker sell history shows mixed timing outcomes: 2 of 5 prior sales (40%) resulted in negative 90-day returns, while 3 resulted in positive returns, suggesting no consistent pattern of selling ahead of declines at this specific stock. The cross-ticker track record indicates a 57.14% well-timed rate across his broader insider transaction history, but that broader pattern does not reliably predict outcomes at Zscaler specifically.

CRO Rich Michael J. sells 4,287 ZS shares at $303.70 (June 17); holds 98,203 post-sale amid 20.9% 30-day rally.

Rich Michael J., the Chief Revenue Officer and President of WW Sales at Zscaler, sold 4,287 shares at $303.70, reducing holdings by 4.2% to 98,203 shares, one day after a similar 4,300-share sale on June 12. The sale occurred near the 52-week high of $307.31, with ZS having surged 20.9% over the prior 30 days and 50.0% over 90 days. At the same ticker, his prior four completed sales (dating back to June 2024) show a mixed timing pattern: only 1 of 4 were well-timed at the 90-day mark (when the stock fell after sale), while three resulted in subsequent gains, indicating the insider has struggled to exit ahead of rallies at this stock. The company, while revenue-growth strong at 34.1% annually, remains unprofitable on a full-year basis (net income $-4.1M), and two rapid sales within five days suggests opportunistic liquidation during a volatile upswing rather than a deliberate positioning shift.

ZS CRO Rich Michael J. sold 9,991 shares at $302.88 for $3.0M on 2025-06-12, retaining 102.4K shares.

Rich Michael J., the CRO and President of WW Sales, sold 9,991 shares at $302.88 on 2025-06-12, reducing his holdings from 112.4K to 102.4K shares (an 8.9% reduction). The sale occurred at the company's 52-week high of $305.02, with the stock up 21.3% over the prior 30 days and 51.3% over 90 days. His prior five sales at Zscaler showed mixed timing, with 2 of 5 being well-timed at the 90-day mark; his broader cross-ticker history across 5 prior sells posted a 40.00% well-timed rate and average 90-day return of +12.8% (indicating he typically sold before gains materialized). The company is unprofitable on a full-year basis with negative net income of $-4.1M in the latest quarter, though it posted strong annual revenue growth of 34.1% to $678.0M. The sale's proximity to all-time highs, combined with mediocre historical timing at this ticker, suggests discretionary positioning rather than a conviction-driven signal about near-term fundamentals.

CRO Michael J. Rich sold 3,575 shares of ZS at $199.15 on 2025-03-18; stock now $203.55.

Rich sold 3,575 shares (3.6K shares) at $199.15, reducing his holdings from 115,966 to 112,391 shares. The trade occurred near the lower end of ZS's 52-week range ($155.90–$216.87), with the stock currently trading at $203.55, approximately 2.2% above the sale price. His prior trades at ZS show mixed timing: 2 of 4 prior sales were well-timed at the 90-day mark, while others saw subsequent gains (a 10.2% 30-day gain in September 2024 and a 19.3% 90-day gain). ZS remains unprofitable on a full-year basis (net income $-7.7M) despite strong 34.1% annual revenue growth and a $647.9M quarterly revenue base, suggesting the company is in a scaling phase with execution risk. The modest 3.1% reduction in holdings does not constitute a material liquidation, leaving open whether this represents routine diversification or a signal worth monitoring in conjunction with future insider activity.

CRO/Sales President sold 3,779 shares of ZS at $200.32; stock now down 28.1% from 52-week high, he retains 115,966 shares.

Rich Michael J. sold 3,779 shares on 2024-12-17 at $200.32, reducing holdings by 3.2% to 115,966 shares. The stock has since declined to $183.21 (current price), down 10.4% over 30 days and 28.1% from its 52-week high of $254.93. At ZS specifically, his prior three sells showed mixed timing: the most recent (2024-09-17) was well-timed with +10.2% and +19.3% returns following the sale, while his 2024-06-18 and 2024-03-18 sales saw the stock decline in the near term but recover over 90 days. The company remains unprofitable (net income $-12.1M), though it posted 34.1% annual revenue growth. His continued substantial holding of 115,966 shares suggests confidence in the company despite the recent price decline and unprofitable status.

CRO Rich Michael J. sold 4,813 shares of ZS at $171.28; stock now -33.9% from 52-week high, down -13.8% in 30 days

Rich Michael J., CRO and President of WW Sales, sold 4,813 shares of Zscaler on 2024-09-17 at $171.28, reducing his stake by 4.5% to 103,259 shares for a total value of $824,370.64. The stock has since declined significantly, trading at $168.52 (-33.9% from the 52-week high of $254.93) and down -13.8% over the past 30 days. His prior two sales at this same ticker (on 2024-06-18 and 2024-03-18) were both well-timed at the 90-day mark, with negative 90-day returns following each sale, suggesting a consistent pattern of selling ahead of downturns. His cross-ticker track record shows a 100.00% well-timed rate on 2 prior sells with an average 90-day return of -4.8%, reinforcing a demonstrated ability to time exits. The company's valuation remains stretched—a P/E of 358.55 on trailing earnings despite strong revenue growth of 34.1%—and the company was unprofitable over its most recent full fiscal year, creating a high-risk backdrop for equity positions. This sale adds to the evidence that informed insiders at elevated valuations may be repositioning ahead of market pressure.

CRO Rich Michael J. sold 4,843 shares of ZS at $180.93; stock down 30.0% from 52-week high, company unprofitable on annual basis.

Rich Michael J., CRO and President of WW Sales, sold 4,843 shares of Zscaler at $180.93 on 2024-06-18, reducing holdings from 112,851 to 108,008 shares. At the time of sale, the stock was trading 30.0% below its 52-week high of $254.93 and has since declined further to $178.58 (current). The company reported strong revenue growth of 48.2% year-over-year and $553.2M in latest quarterly revenue, but remains unprofitable on an annual basis with negative full-year net income. This represents his only other prior trade at ZS; that 2024-03-18 sell resulted in a -4.6% 90-day return, indicating a well-timed exit. The current sale occurs in a context of elevated valuation decline and structural unprofitability, though the 4.3% reduction in holdings represents a modest adjustment rather than a wholesale exit.