ZD ZIFF DAVIS, INC.
Price Chart
Executive Summary
Three ZD insiders, including the EVP/General Counsel and two directors, sold shares worth a combined $614K over a 4-day window in 2026-06-05. The total dollar value is ~0.03% of the company's $1.8B market cap — well below the 0.1% materiality threshold. This is a routine, small-dollar cluster predominantly driven by blackout-window opening and personal diversification, not a coordinated bearish signal. The historical calibration shows this filing type's score-3 and score-6 cells have weak net alpha at T+20, reinforcing the non-material nature of this sale cluster.
Key Financial Metrics
Actionable Insight
This cluster is too small relative to market cap to warrant a directional trade. Monitor for any material 8-K (e.g., guidance change, restructuring, or M&A) in the next 10-15 trading days, as the cross-filing actuarial verdicts flag an amplifieing pattern when cluster insider trades co-occur with earnings, offering, or agreement filings. No immediate action needed.
Key Facts
- Three insiders sold a combined $614K worth of ZD shares between June 2 and June 5, 2026
- Total sales represent approximately 0.03% of ZD's $1.8B market capitalization
- Sellers include EVP/General Counsel Jeremy Rossen ($376K), Director Jana Barsten ($151K), and Director W. Brian Kretzmer ($88K)
- All three transactions were open-market sales; no insider purchases occurred in the cluster window
- Prior 30-day insider activity shows 4 additional sells totaling $813K, suggesting continued non-directional selling pressure
Financial Impact
0.03% of market cap sold — immaterial
Risk Factors
- Insider selling may accelerate if the stock continues to trade near $47 (the highest sale price in the cluster)
- Although individually immaterial, sustained selling over multiple weeks could signal a broader de-risking by management ahead of an unknown catalyst
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ZD-1780681279674 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $46.62 awaiting T+1 | awaiting T+1 | — | $46.26 (−0.77%) |
|
Jun 5, 2026
7d ago
|
Insider Cluster
| $46.19 awaiting T+1 | awaiting T+1 | — | $46.26 (+0.16%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $44.54 $47.95 | ▲ +7.66% | ▲ +7.26% | $46.26 (+3.86%) |
|
Mar 26, 2026
11w ago
|
DEFA14A
| $41.64 $41.92 | ▲ +0.67% | ▲ +1.03% | $46.26 (+11.10%) |
|
Feb 26, 2026
15w ago
|
8-K
| $27.65 $27.08 | ▼ −2.06% | ▼ −1.61% | $46.26 (+67.31%) |
US Market Status
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