ZSZscaler, Inc.Technology · Software - Infrastructureas of 2026-09-16
Horizon

Issued 2026-09-16 at $191.58 · now $191.58 (2026-09-16, +0.0% since)

Based on its own history, a month from the 2026-09-16 close, ZS has typically landed between $148.64 and $237.54 — a range of −22.4% to +24.0% from the issuance price $191.58.

Range of outcomes in historically similar periods — not a price prediction. Ranges are scored publicly on /methodology.
  • Actual close
  • Typical path (median)
  • Middle 50% of outcomes
  • 90% range

2,116 overlapping 1 month windows · 2018-03-162026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.756.1%, ≈1,408 obs).

The cone is anchored at the 2026-09-16 issuance close ($191.58) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.

Where ZS has typically landed a month from the 2026-09-16 close of $191.58 — the range is history, not a prediction.

$148.64worst · -22.4%$237.54best · +24.0%
  • now $191.58 (+0.0%)
  • typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $193.42 (+1.0%)
  • middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $174.24$212.6
  • 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $148.64$237.54
Actual 1-month windows behind the coneiEvery overlapping 1-month window in this security's own price history was ranked by realized return; shown are the 3 worst and 3 best of 2,116 windows spanning 2018-03-16 to 2026-09-16. Not cherry-picked — these are the extremes of the full sample. Max drop / max rise are the deepest and highest points reached within each window. See /methodology.
StartReturnMax dropMax rise
3 worst
2022-04-19−44.0%−44.0%+0.0%
2019-08-14−41.7%−41.7%+0.0%
2019-08-13−41.7%−41.7%+0.0%
3 best
2023-05-05+71.0%+0.0%+71.0%
2023-05-04+68.7%+0.0%+68.7%
2020-03-16+67.3%+0.0%+67.3%

2,116 overlapping windows · 2018-03-162026-09-16 · not cherry-picked

Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.

iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~9 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.
Jan
63%
+5.3%
n=8
Feb
50%
−3.8%
n=8
Mar
50%
+1.2%
n=8
Apr
44%
−2.2%
n=9
May
67%
+10.1%
n=9
Jun
89%
+11.6%
n=9
Jul
67%
+4.6%
n=9
Aug
67%
+7.1%
n=9
Sep
33%
−5.0%
n=9
Oct
50%
+1.5%
n=8
Nov
75%
+6.4%
n=8
Dec
25%
−2.2%
n=8

Up-frequency and average month-over-month return · historical frequency, not a prediction

Reported insider & political trades

Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.

Share price & reported tradesMonthly open-market valueReporting lag — trade date to filing date2026-092026-082026-072026-062026-052026-042026-032026-022026-012025-122025-112025-102025-092025-08$336$1182026-08-25: 5 insider sales, $87K — RUBIN KEVIN …2026-07-27: 5 insider sales, $74K — RUBIN KEVIN …2026-07-06: 1 insider sale, $18K — Schlossman Robert2026-06-25: 5 insider sales, $373K — RUBIN KEVIN …2026-06-22: 1 insider sale, $345K — Geller Adam2026-06-17: 1 insider sale, $22K — BEER JAMES A2026-06-16: 5 insider sales, $1.7M — Rich Michael J., Schlossman Robert, Chaudhry Jagtar Singh, Geller Adam …2026-03-18: 2 insider sales, $349K — Geller Adam, BEER JAMES A2026-03-17: 6 insider sales, $2.0M — Rich Michael J., Judge Raj, Schlossman Robert, Chaudhry Jagtar Singh …2026-01-02: 1 insider sale, $148K — BEER JAMES A2025-12-26: 1 insider sale, $0 — Brown Andrew William Fraser2025-12-17: 2 insider sales, $924K — Schlossman Robert, Geller Adam2025-12-16: 6 insider sales, $4.3M — Rich Michael J., Judge Raj, RUBIN KEVIN, Schlossman Robert …2025-10-24: 1 insider sale, $1.0M — Schlossman Robert2025-10-02: 5 insider sales, $2.1M — Schlossman Robert …2025-09-17: 4 insider sales, $3.0M — Geller Adam …2025-09-16: 5 insider sales, $9.6M — Rich Michael J., Geller Adam, Judge Raj, Schlossman Robert …2025-09: 9 open-market sales, $12.6M2025-10: 6 open-market sales, $3.2M2025-12: 9 open-market sales, $5.3M2026-01: 1 open-market sale, $148K2026-03: 8 open-market sales, $2.4M2026-06: 12 open-market sales, $2.5M2026-07: 6 open-market sales, $92K2026-08: 5 open-market sales, $87K↑ buys↓ salesofficer RUBIN KEVIN — Sale on 2026-08-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-08-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-08-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-08-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-08-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-07-27, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-07-27, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-07-27, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-07-27, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-07-27, filed 1 day after the tradeofficer Schlossman Robert — Sale on 2026-07-06, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-06-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-06-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-06-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-06-25, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-06-25, filed 1 day after the tradeofficer Geller Adam — Sale on 2026-06-22, filed 1 day after the tradedirector BEER JAMES A — Sale on 2026-06-17, filed same dayofficer Rich Michael J. — Sale on 2026-06-16, filed 1 day after the tradeofficer Schlossman Robert — Sale on 2026-06-16, filed 1 day after the tradedirector Chaudhry Jagtar Singh — Sale on 2026-06-16, filed 1 day after the tradeofficer Geller Adam — Sale on 2026-06-16, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-06-16, filed 1 day after the tradeofficer Geller Adam — Sale on 2026-03-18, filed 1 day after the tradedirector BEER JAMES A — Sale on 2026-03-18, filed 1 day after the tradeofficer Rich Michael J. — Sale on 2026-03-17, filed 1 day after the tradedirector Judge Raj — Sale on 2026-03-17, filed 1 day after the tradeofficer Schlossman Robert — Sale on 2026-03-17, filed 1 day after the tradedirector Chaudhry Jagtar Singh — Sale on 2026-03-17, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2026-03-17, filed 1 day after the tradeofficer Geller Adam — Sale on 2026-03-17, filed 2 days after the tradedirector BEER JAMES A — Sale on 2026-01-02, filed same daydirector Brown Andrew William Fraser — Sale on 2025-12-26, filed 3 days after the tradeofficer Schlossman Robert — Sale on 2025-12-17, filed same dayofficer Geller Adam — Sale on 2025-12-17, filed same dayofficer Rich Michael J. — Sale on 2025-12-16, filed 1 day after the tradedirector Judge Raj — Sale on 2025-12-16, filed 1 day after the tradeofficer RUBIN KEVIN — Sale on 2025-12-16, filed 1 day after the tradeofficer Schlossman Robert — Sale on 2025-12-16, filed 1 day after the tradedirector Chaudhry Jagtar Singh — Sale on 2025-12-16, filed 1 day after the tradeofficer Geller Adam — Sale on 2025-12-16, filed 1 day after the tradeofficer Schlossman Robert — Sale on 2025-10-24, filed same dayofficer Schlossman Robert — Sale on 2025-10-02, filed same dayofficer Schlossman Robert — Sale on 2025-10-02, filed same dayofficer Schlossman Robert — Sale on 2025-10-02, filed same dayofficer Schlossman Robert — Sale on 2025-10-02, filed same dayofficer Schlossman Robert — Sale on 2025-10-02, filed same dayofficer Geller Adam — Sale on 2025-09-17, filed same dayofficer Geller Adam — Sale on 2025-09-17, filed same dayofficer Geller Adam — Sale on 2025-09-17, filed same dayofficer Geller Adam — Sale on 2025-09-17, filed same dayofficer Rich Michael J. — Sale on 2025-09-16, filed 1 day after the tradeofficer Geller Adam — Sale on 2025-09-16, filed 1 day after the tradedirector Judge Raj — Sale on 2025-09-16, filed 1 day after the tradeofficer Schlossman Robert — Sale on 2025-09-16, filed 1 day after the tradedirector Chaudhry Jagtar Singh — Sale on 2025-09-16, filed 1 day after the trade
DatePersonRoleActionShares @ priceValueOwnership Δvs S&P 1mvs S&P 6mOwned afterFiling
2026-08-25RUBIN KEVINofficerSale291 @ $172.53$50K−0.7% of holdingnot yet — horizon still opennot yet — horizon still open41,107Form 4 · filed 1 day after the trade
2026-08-25RUBIN KEVINofficerSale92 @ $173.53$16K−0.2% of holdingnot yet — horizon still opennot yet — horizon still open41,015Form 4 · filed 1 day after the trade
2026-08-25RUBIN KEVINofficerSale66 @ $175.78$12K−0.2% of holdingnot yet — horizon still opennot yet — horizon still open40,901Form 4 · filed 1 day after the trade
2026-08-25RUBIN KEVINofficerSale48 @ $174.54$8K−0.1% of holdingnot yet — horizon still opennot yet — horizon still open40,967Form 4 · filed 1 day after the trade
2026-08-25RUBIN KEVINofficerSale6 @ $176.49$1K−0.0% of holdingnot yet — horizon still opennot yet — horizon still open40,895Form 4 · filed 1 day after the trade
2026-07-27RUBIN KEVINofficerSale142 @ $148.81$21K−0.3% of holding+10.7%not yet — horizon still open41,398Form 4 · filed 1 day after the trade
2026-07-27RUBIN KEVINofficerSale118 @ $147.74$17K−0.3% of holding+10.7%not yet — horizon still open41,540Form 4 · filed 1 day after the trade
2026-07-27RUBIN KEVINofficerSale96 @ $146.75$14K−0.2% of holding+10.7%not yet — horizon still open41,658Form 4 · filed 1 day after the trade
2026-07-27RUBIN KEVINofficerSale75 @ $145.71$11K−0.2% of holding+10.7%not yet — horizon still open41,754Form 4 · filed 1 day after the trade
2026-07-27RUBIN KEVINofficerSale72 @ $144.74$10K−0.2% of holding+10.7%not yet — horizon still open41,829Form 4 · filed 1 day after the trade
2026-07-06Schlossman RobertofficerSale122 @ $150.00$18K−0.2% of holding+5.8%not yet — horizon still open69,244Form 4 · filed 1 day after the trade
2026-06-25RUBIN KEVINofficerSale1,696 @ $124.07$210K−3.8% of holding+18.3%not yet — horizon still open42,701Form 4 · filed 1 day after the trade
2026-06-25RUBIN KEVINofficerSale560 @ $124.87$70K−1.3% of holding+18.3%not yet — horizon still open42,141Form 4 · filed 1 day after the trade
2026-06-25RUBIN KEVINofficerSale504 @ $123.18$62K−1.1% of holding+18.3%not yet — horizon still open44,397Form 4 · filed 1 day after the trade
2026-06-25RUBIN KEVINofficerSale228 @ $125.97$29K−0.5% of holding+18.3%not yet — horizon still open41,913Form 4 · filed 1 day after the trade
2026-06-25RUBIN KEVINofficerSale12 @ $126.79$2K−0.0% of holding+18.3%not yet — horizon still open41,901Form 4 · filed 1 day after the trade
2026-06-22Geller AdamofficerSale2,817 @ $122.60$345K−6.2% of holding+14.3%not yet — horizon still open42,314Form 4 · filed 1 day after the trade
2026-06-17BEER JAMES AdirectorSale177 @ $125.50$22K−4.0% of holding+20.0%not yet — horizon still open4,207Form 4 · filed same day
2026-06-16Rich Michael J.officerSale4,184 @ $126.43$529K−4.0% of holding+18.5%not yet — horizon still open100,301Form 4 · filed 1 day after the trade
2026-06-16Schlossman RobertofficerSale3,146 @ $126.43$398K−4.3% of holding+18.5%not yet — horizon still open69,366Form 4 · filed 1 day after the trade
2026-06-16Chaudhry Jagtar SinghdirectorSale2,878 @ $126.43$364K−0.8% of holding+18.5%not yet — horizon still open343,038Form 4 · filed 1 day after the trade
2026-06-16Geller AdamofficerSale1,940 @ $126.43$245K−4.1% of holding+18.5%not yet — horizon still open45,131Form 4 · filed 1 day after the trade
2026-06-16RUBIN KEVINofficerSale1,686 @ $126.43$213K−3.6% of holding+18.5%not yet — horizon still open44,901Form 4 · filed 1 day after the trade
2026-03-18Geller AdamofficerSale2,094 @ $153.53$321K−4.3% of holding−21.3%not yet — horizon still open46,949Form 4 · filed 1 day after the trade
2026-03-18BEER JAMES AdirectorSale177 @ $153.53$27K−3.9% of holding−21.3%not yet — horizon still open4,384Form 4 · filed 1 day after the trade
2026-03-17Rich Michael J.officerSale3,147 @ $156.59$493K−2.9% of holding−18.8%+9.8%104,350Form 4 · filed 1 day after the trade
2026-03-17Judge RajdirectorSale2,488 @ $156.59$390K−3.5% of holding−18.8%+9.8%67,906Form 4 · filed 1 day after the trade
2026-03-17Schlossman RobertofficerSale2,263 @ $156.59$354K−3.0% of holding−18.8%+9.8%72,390Form 4 · filed 1 day after the trade
2026-03-17Chaudhry Jagtar SinghdirectorSale1,941 @ $156.59$304K−0.6% of holding−18.8%+9.8%345,916Form 4 · filed 1 day after the trade
2026-03-17RUBIN KEVINofficerSale1,682 @ $156.59$263K−3.5% of holding−18.8%+9.8%46,479Form 4 · filed 1 day after the trade
2026-03-17Geller AdamofficerSale1,485 @ $156.59$233K−2.9% of holding−18.8%+9.8%49,043Form 4 · filed 2 days after the trade
2026-01-02BEER JAMES AdirectorSale653 @ $226.72$148K−15.8% of holding−15.7%−42.2%3,485Form 4 · filed same day
2025-12-26Brown Andrew William FraserdirectorSale5,000 @ $0.00$0−18.4% of holding−7.9%−47.5%22,216Form 4 · filed 3 days after the trade
2025-12-17Schlossman RobertofficerSale2,349 @ $232.79$547K−3.1% of holding−10.1%−57.0%74,653Form 4 · filed same day
2025-12-17Geller AdamofficerSale1,620 @ $232.79$377K−3.1% of holding−10.1%−57.0%50,528Form 4 · filed same day
2025-12-16Rich Michael J.officerSale4,100 @ $230.82$946K−3.7% of holding−10.3%−57.3%107,497Form 4 · filed 1 day after the trade
2025-12-16Judge RajdirectorSale3,438 @ $230.82$794K−4.7% of holding−10.3%−57.3%70,394Form 4 · filed 1 day after the trade
2025-12-16RUBIN KEVINofficerSale3,303 @ $230.82$762K−6.4% of holding−10.3%−57.3%48,161Form 4 · filed 1 day after the trade
2025-12-16Schlossman RobertofficerSale3,084 @ $230.82$712K−3.9% of holding−10.3%−57.3%77,002Form 4 · filed 1 day after the trade
2025-12-16Chaudhry Jagtar SinghdirectorSale2,843 @ $230.82$656K−0.8% of holding−10.3%−57.3%347,857Form 4 · filed 1 day after the trade
2025-12-16Geller AdamofficerSale2,060 @ $230.82$475K−3.8% of holding−10.3%−57.3%52,148Form 4 · filed 1 day after the trade
2025-10-24Schlossman RobertofficerSale3,200 @ $325.00$1.0M−3.8% of holding−11.9%−63.6%80,086Form 4 · filed same day
2025-10-02Schlossman RobertofficerSale4,532 @ $306.12$1.4M−5.6% of holding+5.7%−53.7%76,706Form 4 · filed same day
2025-10-02Schlossman RobertofficerSale900 @ $304.00$274K−1.1% of holding+5.7%−53.7%81,538Form 4 · filed same day
2025-10-02Schlossman RobertofficerSale700 @ $302.92$212K−0.8% of holding+5.7%−53.7%82,438Form 4 · filed same day
2025-10-02Schlossman RobertofficerSale574 @ $307.47$176K−0.7% of holding+5.7%−53.7%76,132Form 4 · filed same day
2025-10-02Schlossman RobertofficerSale300 @ $304.67$91K−0.4% of holding+5.7%−53.7%81,238Form 4 · filed same day
2025-09-17Geller AdamofficerSale4,141 @ $284.56$1.2M−8.2% of holding+6.6%−45.1%46,501Form 4 · filed same day
2025-09-17Geller AdamofficerSale3,023 @ $285.45$863K−6.5% of holding+6.6%−45.1%43,478Form 4 · filed same day
2025-09-17Geller AdamofficerSale1,700 @ $283.33$482K−3.2% of holding+6.6%−45.1%50,642Form 4 · filed same day
2025-09-17Geller AdamofficerSale1,600 @ $282.16$451K−3.0% of holding+6.6%−45.1%52,342Form 4 · filed same day
2025-09-16Rich Michael J.officerSale11,718 @ $280.70$3.3M−10.4% of holding+6.2%−45.5%100,822Form 4 · filed 1 day after the trade
2025-09-16Geller AdamofficerSale11,193 @ $280.70$3.1M−17.2% of holding+6.2%−45.5%53,942Form 4 · filed 1 day after the trade
2025-09-16Judge RajdirectorSale4,524 @ $280.70$1.3M−5.8% of holding+6.2%−45.5%73,832Form 4 · filed 1 day after the trade
2025-09-16Schlossman RobertofficerSale3,832 @ $280.70$1.1M−4.4% of holding+6.2%−45.5%83,138Form 4 · filed 1 day after the trade
2025-09-16Chaudhry Jagtar SinghdirectorSale2,865 @ $280.70$804K−0.8% of holding+6.2%−45.5%350,700Form 4 · filed 1 day after the trade
2025-06-18Geller AdamofficerSale1,828 @ $306.14$560K−3.6% of holding−11.1%−38.9%48,647Form 4 · filed same day
2025-06-18Schlossman RobertofficerSale1,660 @ $304.64$506K−1.8% of holding−11.1%−38.9%90,484Form 4 · filed same day
2025-06-18Geller AdamofficerSale1,534 @ $307.14$471K−3.2% of holding−11.1%−38.9%47,113Form 4 · filed same day
2025-06-18Schlossman RobertofficerSale1,014 @ $305.60$310K−1.1% of holding−11.1%−38.9%89,270Form 4 · filed same day

The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.

36 award / exercise / gift records — not counted as purchases

Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.

DatePersonRoleActionSharesOwned afterFiling
2026-01-12BEER JAMES AdirectorAward / grant1,0764,561Form 4
2026-01-12Darling Scott CdirectorAward / grant1,0765,351Form 4
2026-01-12Brown Andrew William FraserdirectorAward / grant1,07623,292Form 4
2026-01-12BLASING KARENdirectorAward / grant1,07642,757Form 4
2026-01-12Naughton EileendirectorAward / grant1,0767,745Form 4
2026-01-12Schneider DaviddirectorAward / grant1,07624,912Form 4
2026-01-12Giancarlo Charles HdirectorAward / grant1,076145,451Form 4
2025-10-15Rich Michael J.officerAward / grant10,730111,552Form 4
2025-10-15Schlossman RobertofficerAward / grant7,15483,286Form 4
2025-10-15Geller AdamofficerAward / grant10,73054,208Form 4
2025-09-25Chaudhry Jagtar SinghdirectorGift21,86124,341,267Form 4
2025-09-15Rich Michael J.officerAward / grant14,337112,540Form 4
2025-09-15Schlossman RobertofficerGift2,00086,970Form 4
2025-09-15Geller AdamofficerAward / grant18,32265,135Form 4
2025-09-15Judge RajdirectorAward / grant2,06778,356Form 4
2025-06-04Brown Andrew William FraserdirectorOption exercise20,33347,549Form 4
2025-06-04Brown Andrew William FraserdirectorOption exercise20,3330Form 4
2025-06-03Judge RajdirectorAward / grant9,94879,246Form 4
2025-06-03Judge RajdirectorAward / grant67,14869,298Form 4
2025-06-03RUBIN KEVINofficerAward / grant50,00050,000Form 4
2025-06-03RUBIN KEVINofficerAward / grant51,38351,383Form 4
2025-04-02Brown Andrew William FraserdirectorOption exercise10,00037,216Form 4
2025-04-02Brown Andrew William FraserdirectorOption exercise10,00020,333Form 4
2025-01-10Giancarlo Charles HdirectorAward / grant1,309194,375Form 4
2025-01-10Darling Scott CdirectorAward / grant1,3094,275Form 4
2025-01-10Naughton EileendirectorAward / grant1,3096,669Form 4
2025-01-10Schneider DaviddirectorAward / grant1,30923,836Form 4
2025-01-10BEER JAMES AdirectorAward / grant1,3094,138Form 4
2025-01-10BLASING KARENdirectorAward / grant1,30941,681Form 4
2025-01-10Brown Andrew William FraserdirectorAward / grant1,30927,216Form 4
2024-12-09Chaudhry Jagtar SinghdirectorGift26,10124,363,128Form 4
2024-12-05Geller AdamofficerAward / grant50,00050,000Form 4
2024-12-05Nair SyamofficerAward / grant16,428146,548Form 4
2024-12-05Rich Michael J.officerAward / grant16,428119,687Form 4
2024-12-05Schlossman RobertofficerAward / grant10,952116,758Form 4
2024-12-05Geller AdamofficerAward / grant53,36253,362Form 4

Source: SEC Form 4 filings. Each row links to its original filing.

Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.

Congressional disclosures

No congressional trades disclosed for this company.

Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.